#WaveAnalysis

▫️#USDCHF reversed from support level 0.8400;

▫️ Likely to rise to resistance level 0.8550.

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#WaveAnalysis

▫️#GBPUSD reversed from strong resistance level 1.3230;

▫️ Likely to fall to support level 1.3000.

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#Crypto

▫️ The crypto market has recovered to the 2 trillion level and the sentiment index to 33, but these are still important resistance and fear levels, respectively;

▫️ #Bitcoin gains 4% in 24 hours, but the trend of quick profit-taking on the upside remains;

▫️ #Solana bounces off the $120 pivot level again and no significant technical resistance is seen until $149-153.

#MarketReview

▫️ #Brent is testing key support at $70, below which it has not traded consistently since 2021;

▫️ Technically, a break below this level opens a direct path to $40;

▫️ On the other hand, OPEC+ is not sitting idly by, although their attempts to turn the market around are still in vain.

#EconomicReview

▫️ UK jobless claims rose to 23.7K, better than the 95.5K expected and the 102.3K a month earlier;

▫️ Wage growth slowed to 4% 3m/y from 4.6% 3m/y;

▫️ The Pound was temporarily supported as the data did not dramatically affect interest rate forecasts.

#WaveAnalysis

▫️#Brent Crude oil broke key support level 72.60;

▫️ Likely to fall to support level 68.00.

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#WaveAnalysis

▫️#Nasdaq100 reversed from support zone;

▫️ Likely to rise to resistance level 19135.

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#Crypto

▫️ Crypto market lost 0.5% to $1.99 trillion, failing to consolidate above $2 trillion as expected ahead of key inflation data;

▫️ #Bitcoin has bounced twice from $58K and is now trading at $56.5K;

▫️ The approval of the Bitcoin and Ether ETFs seems to have triggered a selling trend as long term whales lock in profits from the realisation of an important idea.

#EconomicReview
▫️ The UK economy was flat for the second month in a row (worse than expected +0.2%);

▫️ The main disappointment was a 0.8% m/m fall in industrial production (0.2% growth expected) and a widening of the external deficit to 20bn;

▫️ The weaker-than-expected data worked against the Pound, despite the tailwind of a weaker USD at the time of publication.

#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.