Elliott Wave Analysis: Bitcoin (BTCUSD) Bearish Pattern Signals Further Downside

Yesterday’s US inflation data was the last possible barrier to the much-expected extra 25bp cut from the Federal Reserve (Fed) next week, and the release went well. The figures came spot on expectations. Headline inflation inched slightly higher from 2.6% to 2.7% while core inflation remained sticky at 3.3%. If you ask me, with Trump’s […]

AUDUSD: ⬇️ Sell AUDUSD reversed from the key resistance level 0.6400 Likely to fall to support level 0.6300 AUDUSD currency pair recently reversed from the resistance area between the key resistance level 0.6400 (former major support from 2024) and the 50% Fibonacci correction of the downward impulse from September. The downward reversal from this resistance […]

The US printed a better-than-expected growth of 3.4%. Sales grew more than expected, the GDP price index fell but fell slower than expected to 1.7%, corporate profits jumped nearly 4% in the Q3 versus less than 1% printed a quarter earlier and consumer sentiment jumped to the highest levels since mid-2021. In other words, the […]