#WaveAnalysis

▫️#Nasdaq100 reversed from support zone;

▫️ Likely to rise to resistance level 19135.

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#WaveAnalysis #AMZN

▫️Amazon broke resistance area;

▫️ Likely to rise to resistance level 190.00.

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#Crypto

▫️ Crypto market crossed the $2 trillion mark, boosted by active buying in tech;

▫️ #Bitcoin briefly breached $58 on Thursday morning, potentially targeting the top of its trading range;

▫️ #Ethereum trades near $2350 but remains heavy.

#WaveAnalysis

▫️#AUDCAD reversed from support zone;

▫️ Likely to rise to the resistance level 0.9150.

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#WaveAnalysis

▫️#Silver reversed from support zone;

▫️ Likely to rise to the resistance level 30.00.

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#MarketReview

▫️ The Nasdaq100 made an impressive turnaround from bearish to bullish on Wednesday;

▫️ The technical picture has become promising for the bulls;

▫️ A local test for Nasdaq100 buyers looks to be the 50-day moving average.

#Crypto

▫️ Crypto market calmed down near $2.03 trillion (-0.1%) with sentiment stabilising in 'fear' territory;

▫️ #Bitcoin found equilibrium at $58K, but a series of rising intraday highs is creating optimism;

▫️ #Tron under pressure, back to $0.15. A break below $0.1455 would open the way to $0.1320.

#MarketReview

▫️ #Gold has accelerated its advance this week, updating record highs against the euro and the dollar;

▫️ The $2640-2660 area now looks to be the benchmark for gains;

▫️ An unexpected obstacle could be the start of profit-taking from multi-year gains on the Fed rate cut.

#MarketReview

▫️ Influential financial media and experts put the idea of a 50 point Fed rate cut back on the agenda to combat slowing inflation and recession signals.

▫️ Publications and statements from influential speakers drove the dollar lower and the stock market higher, and boosted gold prices.

▫️ Expectations for a 25 basis point rate cut are high, but uncertainty remains as to how the Fed will react to current economic data and market sentiment.

#WaveAnalysis

▫️#GBPCAD reversed from strong resistance level 1.7850;

▫️ Likely to fall to support level 1.7700.

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#WaveAnalysis

▫️#Ebay broke resistance level 62.00;

▫️ Likely to rise to the resistance level 66.00.

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#Crypto

▫️ Total crypto market cap has fallen to $2.04 trillion with the potential to fall below $2 trillion. #Bitcoin and #Litecoin face resistance in the form of the 50-day MA.

▫️ #Ethereum needs a little boost for significant growth, while altcoins remain relatively strong on the back of Bitcoin's decline.

▫️ MicroStrategy added to its bitcoin holdings, while Consumers' Research accused Tether of lacking reserve transparency.

#EconomicReview

▫️ Data released from China showed a deterioration in key economic indicators, increasing fears of an economic slowdown and forcing the central bank to promise additional measures to lower borrowing costs.

▫️ The slowing economy and stimulus measures may lead to a weaker CNY, although the effect may not be immediately apparent.

▫️ A technically oversold yuan points to a possible rebound, but in the longer term a weaker yuan could revive inflationary momentum and demand for Chinese goods.

#WaveAnalysis

▫️#GBPUSD reversed from support zone;

▫️ Likely to rise to the resistance level 1.3255.

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#WaveAnalysis

▫️#EURJPY reversed from support zone;

▫️ Likely to rise to the resistance level 157.40.

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#Crypto

▫️ Crypto market cap holds at $2.04 trillion, and the sentiment index is back in the fear zone.

▫️ #Bitcoin trades at $58.6K, #Ethereum near $2300, testing support at the 200-week moving average.

▫️ Crypto fund investments are up $436m despite Ethereum's struggles after the Decun update. Expect a possible bitcoin rally in the next 22 days, according to historical cycles.

#EconomicReview

▫️ ZEW German economic sentiment index fell to 3.6, current conditions fell to -84.5.

▫️ The marked divergence from expectations reinforced the short-term negative impact on the euro. ECB expected to accelerate monetary easing

▫️ The trade surplus remains large, but exports have fallen by 24% over the past two years. An appreciating euro reduces the eurozone's competitiveness, which could lead to even looser monetary policy from the ECB.