US Stocks CDNA, CRWD, FATE, HDB & SPOT Elliott Wave Analysis [Video]

Peter Mathers TradingLounge

CareDx, CrowdStrike, Fate, Therapeutics, HDFC Bank, Spotify Elliott Wave Technical Analysis: Elliottician is Alessio Barretta TradingLounge

CareDx Inc.,
CDNA: Daily Chart,
We were expecting an incoming wave 4.

CrowdStrike Inc.,
CRWD: Daily Chart,
we were expecting further upside to continue wave iii)

Fate Therapeutics Inc
FATE: Daily Chart,
We were expecting a resumption of the trend to start wave iii)

HDFC Bank Limited Inc,
HDB: Daily Chart,
We were expecting further downside to completed the correction after the leading diagonal.

Spotify Inc.,
SPOT: Daily Chart,
We were expecting an acceleration to the upside into a wave iii)
United Parcel Service Inc.

UPS: Daily Chart,
We were expecting further upside to finish wave B.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.