Papa John’s Wave Analysis – 9 June 2026

Papa John's: ⬆️ Buy

- Papa John's reversed from support zone

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Bitcoin’s 200-Week MA: History Points to an 11-Month Wait

The crypto market capitalisation has fallen by 2.7% to $2.12T, failing to establish a sustainable growth trajectory. At the time of writing, the market has not yet reached Friday’s lows, but it is quite possible that it will test this support level again before the end of the day as the rebound momentum fades. The top coins that fell the most over the day were Stellar (-7.9%), Dash (-7.6%) and Zcash (-7.3%), while SushiSwap (+0.7%), Cosmos (+0.7%) and Immutable (+0.5%) outperformed the market with minimal gains.

Bitcoin fell below the $61K level again on Tuesday amid a renewed decline in stock indices. This was followed by a slight rebound and current price stabilisation near $61.5K. It appears that a sell-on-rally trend is prevailing in the leading cryptocurrency. The history of the 200-week moving average over the last 11 years (prior to this, the market had not dipped below it) shows that the average time spent near it is almost 11 months, suggesting a very long bear market. The exception was the Covid crash in March 2020, as the subsequent policy of easy central bank money and spending restrictions led to a rapid price recovery. As markets expect interest rate hikes, we should not count on a short-term rebound until there is a global extreme shock.

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Oil: Escalation is no reason for a rally

The escalation in the Middle East has not led to a rise in Brent prices.

The US dollar has been unable to capitalise on the favourable oil situation.

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⚠️ USA — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.6% | 3.8%

🕒 Exp: 0.5% | 4.2%

🎯 Fact.: 0.5% | 4.2%

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⚠️ USA — Core CPI at 03:00 GMT

✔️ Prev: 0.4% | 2.8%

🕒 Exp: 0.3% | 2.9%

🎯 Fact.: 0.2% 📉 | 2.9%

🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with major technology and industrial stocks mostly trading lower, indicating a flight from risk.

In the Information Technology sector, NVIDIA (NVDA) is down 1.29%, while Advanced Micro Devices (AMD) is down 1.62%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.42%, while JPMorgan Chase (JPM) is down 0.92%.

In the Consumer Discretionary sector, Tesla (TSLA) is down 0.42%, while Amazon (AMZN) is down 0.41%.

The predominance of selling in large-cap stocks is intensifying risk-off sentiment, as investors shift toward safe-haven assets, including Treasuries, supporting the dollar. In the near term, this is creating conditions for moderate USD strengthening.

⚠️ Canada — Overnight Rate at 03:00 GMT

✔️ Prev: 2.25%

🕒 Exp: 2.25%

🎯 Fact.: 2.25%

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⚠️ Canada — BOC Press Conference at 14:30 GMT

GBPAUD Wave Analysis – 10 June 2026

- GBPAUD broke the resistance area

- Likely to rise to resistance level 1.9200

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GBPCHF Wave Analysis – 10 June 2026

- GBPCHF broke key resistance level 1.0660

- Likely to rise to resistance level 1.0775

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🗓 Economic Calendar at 2026/06/11 (GMT)

12:15 🇪🇺 ⚡️ ECB Interest Rate Decision — Exp: 2.40% Actual: 2.40%

12:15 🇪🇺 Deposit Facility Rate — Exp: 2.25% Actual: 2.25%

12:15 🇪🇺 Marginal lending facility — Exp: 2.65% Actual: 2.65%

12:30 🇺🇸 Producer Price Index — Exp: 0.7% | 6.4% Actual: 1.1% | 6.5%

12:30 🇺🇸 Core PPI — Exp: 0.5% | 5.4% Actual: 0.4% | 4.9%

12:30 🇺🇸 Unemployment Claims — Exp: 219K Actual: 229K

12:45 🇪🇺 ⚡️ ECB Press Conference


[Updated in real time]

Aluminium Wave Analysis – 11 June 2026

- Aluminium reversed from long-term resistance level 3670.00

- Likely to fall to support level 3400.00

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Coca-Cola Wave Analysis – 11 June 2026

- Coca-Cola broke key resistance level 81.75

- Likely to rise to resistance level 86.00

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The crypto market is consolidating rather than falling

The crypto market capitalisation has risen by 0.9% to $2.15 trillion over the past 24 hours, with gains broadly distributed among the most popular altcoins. In the short term, this looks more like a technical rebound within a broader consolidation near the 200-week moving average than a full-fledged reversal. Nevertheless, relatively small coins such as SushiSwap, Cosmos, and Official Trump have led this rebound, gaining 6%, 5%, and 4.6%, respectively. The underperformers were Aptos (-3.2%), Algorand (-2%), and Zcash (-1.6%).

Bitcoin is trading on the cusp of $63K, which is below the consolidation zone seen in the early months of this year. This positioning points to the bears’ formidable strength. On the other hand, the market did not enter a nosedive, having dipped below the previous support line while avoiding the cascading spiral of stop-loss orders being triggered, as was the case last October or February. Bitcoin has also changed its reaction to sell-offs in risky assets, effectively holding and building positions during the sell-off in tech stocks.

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⚠️ EU — ECB Interest Rate Decision at 03:00 GMT

✔️ Prev: 2.15%

🕒 Exp: 2.40%

🎯 Fact.: 2.40%

⚠️ EU — ECB Press Conference at 12:45 GMT

The Euro: in the ECB’s hands

The European Central Bank meeting will clarify the outlook for EURUSD.

The dollar is failing to capitalise on the favourable backdrop.

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🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing a predominantly positive trend in pre-market trading, with several major indices rising and creating a moderately risk-on environment.

In the Information Technology sector, NVIDIA (NVDA) is up 0.50%, Micron Technology (MU) is up 1.53%, while Microsoft (MSFT) is down 0.39%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.03%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.00%, while in the Financials sector, Mastercard (MA) is down 0.05%.

Overall, gains in major technology and consumer stocks are supporting risk appetite, limiting demand for the dollar as a safe-haven asset. The short-term USD trend remains cautiously neutral, with no clear momentum in either direction.

▶️ Pro News Weekly: Stocks Tumble, Bitcoin Holds

Welcome to Pro News Weekly!

💵 The U.S. dollar is surprisingly struggling to gain momentum despite escalating tensions in the Middle East, rising inflation and growing expectations of a Federal Reserve rate hike. While demand for safe-haven assets remains strong, expectations of tighter ECB policy and stable oil prices are limiting further gains for the greenback.

📊 Stock indices are coming under pressure as inflation fears and geopolitical risks weigh on sentiment. After a massive rally in semiconductor stocks and record-breaking gains in AI-related companies, investors are increasingly taking profits, raising concerns that valuations may have become stretched.

🪙 Gold is retreating alongside equities as traders sell the precious metal to meet margin requirements and rising Treasury yields increase the appeal of interest-bearing assets. Growing ETF outflows and fears of a break below key support levels are adding further pressure to prices.

₿ Bitcoin is showing resilience despite one of its worst selloffs since the collapse of FTX. Massive ETF outflows and a sharp decline from record highs have damaged sentiment, but the cryptocurrency is holding key support levels as traders debate whether the worst of the correction is already behind us.

Will the Fed's first meeting under Kevin Warsh restore confidence in risk assets, or could higher inflation, rising yields and geopolitical tensions trigger another wave of selling across global markets?

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USDJPY Wave Analysis – 11 June 2026

- USDJPY reversed from strong resistance level 160.50

- Likely to fall to support level 159.00

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