Neerav Yadav
50 Eyes Market Analysis
In this video, Neerav discusses the application of the Elliott Wave on Crude Oil, Gold, SPX, Nifty 50, and Bitcoin. He also discusses the effect of the war b/w Ukraine and Russia on these markets.
Timestamps
Crude Oil – 7:40.
Gold – 16:00.
SPX – 23:35.
Nifty 50 – 29:00.
Bitcoin – 31:18.
The author or any person directly or indirectly associated with 50eyes.com does not hold any liability for any profit, loss or loss of profit made using the views presented. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or forex); therefore, you should not invest or risk money that you cannot afford to lose.
Editors’ Picks
EUR/USD steadies near 1.0550, looks to post modest weekly gains
EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory.
GBP/USD struggles to hold above 1.2300
GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data.
USD/JPY: Loss of upside momentum looks imminent
The USD/JPY pair is displaying wild moves after the release of Japan’s Inflation. The asset is facing barricades around the round-level resistance of 135.00. On a broader note, the major has witnessed a steep fall after failing to sustain above the critical hurdle of 136.00.
Editors’ Picks
EUR/USD steadies near 1.0550, looks to post modest weekly gains
EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory.
GBP/USD struggles to hold above 1.2300
GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data.
Gold stays below $1,830 as US yields edge higher
Gold continues to fluctuate below $1,830 on Friday and looks to close the second straight week in negative territory. Fueled by the risk-positive market environment, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, limiting XAU/USD's upside.
Why Cardano could surprise over the weekend
ADA set to close out the week with a gain on the workday trading week and over the weekend? Central banks signaled that the rate hike cycle is ending, meaning less stress and tight conditions for trading, opening up room for some upside potential with Cardano set to pop above $0.55 and test a significant cap.
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