▪️ 20 years in the market, over 3 million traders! ▫️ Investing made simple with cutting-edge technologies. ▪️ Start copytrading today: copy top traders' deals and earn profits effortlessly! Need help? Contact us: https://www.litefinance.org/support
XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2792.90. Stop Loss: above 2800, Take Profit: 2418.82 – 2304.21.
Alternative scenario: Breakout and consolidation above the level of 2792.90 will allow the asset to continue rising to the levels of 2880.00 – 3000.00. A buy signal: the level of 2792.90 is broken to the upside. Stop Loss: below 2785.00, Take Profit: 2880.00 – 3000.00.
Main Scenario
Consider short positions from corrections below the level of 2792.90 with a target of 2418.82... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gold-price-prediction-forecast/xauusd-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
USDJPY: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider short positions from corrections below the level of 156.75 with a target of 138.08 – 131.25. A sell signal: the price holds below 156.75. Stop Loss: above 157.10, Take Profit: 138.08 – 131.25.
Alternative scenario: Breakout and consolidation above the level of 156.75 will allow the pair to continue rising to the levels of 161.70 – 170.00. A buy signal: the level of 156.75 is broken to the upside. Stop Loss: below 156.40, Take Profit: 161.70 – 170.00.
Main Scenario
Consider short positions from corrections below the level of 156.75 with a target of 138.08... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
GBPUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider short positions from corrections below the level of 1.3040 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.3040. Stop Loss: above 1.3070, Take Profit: 1.2240 – 1.1900.
Alternative scenario: Breakout and consolidation above the level of 1.3040 will allow the pair to continue rising to the levels of 1.3440 – 1.3800. A buy signal: the level of 1.3040 is broken to the upside. Stop Loss: below 1.3010, Take Profit: 1.3440 – 1.3800.
Main Scenario
Consider short positions from corrections below the level of 1.3040 with a target of 1.2240... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
USDCHF: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider short positions from corrections below the level of 0.8955 with a target of 0.8200 – 0.8000. A sell signal: the price holds below 0.8955. Stop Loss: above 0.8990, Take Profit: 0.8200 – 0.8000.
Alternative scenario: Breakout and consolidation above the level of 0.8955 will allow the pair to continue rising to the levels of 0.9222 – 0.9438. A buy signal: the level of 0.8955 is broken to the upside. Stop Loss: below 0.8920, Take Profit: 0.9222 – 0.9438.
Main Scenario
Consider short positions from corrections below the level of 0.8955 with a target of 0.8200... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for Oil, Gold, and EURUSD for 29.11.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Gold is trying to continue rising after hitting the short-term uptrend's key support.
Major Takeaways
USCrude: oil is consolidating at 68.68 within the downtrend.
XAUUSD: gold is growing after hitting the support (B) 2634 - 2626 with the first target of 2673.
EURUSD: the euro continues to trade in a short-term uptrend with the main target in the Target Zone 1.0636... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-29112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
US Dollar to Post Weakest Weekly Performance. Forecast as of 29.11.2024
The probability of a 50-basis-point cut in the ECB rate in December is declining, as is the likelihood of the federal funds rate remaining at 4.75%. Consequently, the EURUSD exchange rate is increasing. Let's discuss this topic and make a trading plan.
Major Takeaways
The US prefers negotiations to tariffs.
There will be no winners in trade wars.
The ECB will not aggressively cut rates in December.
Short positions can be opened if the EURUSD fails to settle above 1.06.
Weekly US Dollar Fundamental Forecast
The market is increasingly convinced that Donald Trump's threats are worthless. His preference for negotiating... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-to-post-weakest-weekly-performance-forecast-as-of-29112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
New Payment Method for Clients from Uganda, Tanzania, and South Africa
Dear clients,
We are excited to introduce a new Bitolo payment service specifically for traders from Uganda, Tanzania, and South Africa. The new mobile payment service offers a convenient way to deposit and withdraw funds in UGX, TZS, and ZAR.
Check the Finance tab in your Client Profile to learn more and start using Bitolo.
We are committed to providing our clients with the best possible trading experience. Feel free to contact our support team if you have any questions or need assistance.
Thank you for choosing us!
With best regards,
LiteFinance Read more https://www.litefinance.org/company/detail/news/105367/?utm_source=telegram&utm_medium=social&utm_campaign=post
All Doom and Gloom for Pound. Forecast as of 28.11.2024
The Bank of England's sluggishness buoyed the GBPUSD pair during most of 2024. However, this bullish factor is no longer effective as the UK economy cools amid the impending trade wars. Let's discuss this topic and make a trading plan.
Major Takeaways
The Fed and the Bank of England maintain the same pace of monetary expansion.
Divergence in economic growth is dragging the pound down.
Trade wars are a clear negative factor for the UK.
The GBPUSD's correction will set the stage for selling with a target of 1.23.
Weekly Fundamental Forecast for Pound Sterling
The acceleration of consumer prices... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/all-doom-and-gloom-for-pound-forecast-as-of-28112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Major Takeaways
BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,606.42.
XRPUSD: The price is expected to rise in impulse (5). Consider long positions with Take Profit at a high of 1.625.
ETHUSD: Momentum growth continues. Consider buying from the current level with Take Profit at 3,672.00.
Elliott Wave Analysis for Bitcoin
BTCUSD has presumably formed a correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave is developing in the last segment of the chart.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-28112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Silver Rally Stalls Amid Trump's Policies. Forecast as of 27.11.2024
The silver market remains fundamentally strong, but this is insufficient to fuel a rally in the XAGUSD. The precious metal is declining due to Donald Trump's policies and may start a consolidation in the coming months. Let's discuss this topic and make a trading plan.
Major Takeaways
The silver market is experiencing its fourth consecutive deficit.
Silver ETFs will see inflows for the first time in three years.
Donald Trump's protectionism is putting pressure on the XAGUSD.
Silver may consolidate in the ranges of $27.5–$31.5 or $28.5–$32.5 per ounce.
Silver Fundamental Forecast for Six Months
Following a period of growth that... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/silver-rally-stalls-amid-trumps-policies-forecast-as-of-27112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for Oil, Gold, and EURUSD for 27.11.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Oil continues to trade in a short-term downtrend.
Major Takeaways
USCrude: oil is testing the resistance near 68.68 and is poised to continue falling.
XAUUSD: gold is rising after hitting the key support 2634 - 2626.
EURUSD: The euro is trying to break through the resistance (B) 1.0484 - 1.0470.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to trade... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-27112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
US Dollar to Lose Trade War. Forecast as of 27.11.2024
The tariffs will hurt the economies of Mexico and Canada, but the US will also suffer from accelerating inflation. Donald Trump's victory was largely driven by voter dissatisfaction with high prices. Let's discuss this topic and make a trading plan for the EURUSD pair.
Major Takeaways
Import duties will accelerate US consumer prices.
The Fed will be forced to stop cutting rates.
The maximum pressure policy increases uncertainty.
The EURUSD pair may quickly return to 1.04.
Weekly US Dollar Fundamental Forecast
There is often a discrepancy between promises made and the reality of a situation. Donald Trump was elected President of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-to-lose-trade-war-forecast-as-of-27112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Gold Bulls Fear Scott Bessent as New Treasury Secretary. Forecast as of 26.11.2024
The process of de-dollarization and gold purchases by central banks has reached a standstill. It is becoming increasingly evident that Chinese demand is evaporating. The US dollar and Treasury yields are surging. Given the current market conditions, the XAUUSD has expectedly plummeted. Let's discuss these topics and make a trading plan.
Major Takeaways
Rumors of US budget deficit reduction have dragged gold quotes down.
Trade wars are looming.
The XAUUSD has lost its advantages.
Gold's growth to the upper boundary of the $2,525–$2,725 range allowed traders to open short trades.
Weekly Fundamental Forecast for Gold
Gold collapsed by 3% after... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gold-price-prediction-forecast/gold-bulls-fear-scott-bessent-as-new-treasury-secretary-forecast-as-of-26112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Major Takeaways
BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,246.00.
XRPUSD: The price is expected to rise in impulse [C]. Consider long positions with Take Profit at a high of 1.809.
ETHUSD: Momentum growth continues. Consider buying from the current level with Take Profit at 3,672.00.
Elliott Wave Analysis for Bitcoin
BTCUSD has presumably formed a correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave is developing in the last segment of the chart. It... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-26112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
🔥 Looking for a reliable partner to trade Forex? LiteFinance isn’t just a broker—it’s a platform that gives you everything you need to succeed. Over half a million traders worldwide have already made their choice.
Here’s why:
🌟 Trust and experience in every trade. Since 2005, LiteFinance has built a spotless reputation among traders. With more than 19 years in the game, they offer not just expertise, but the confidence that your funds are secure.
🌟 Next-level technology at your fingertips. Enjoy low spreads, lightning-fast order execution, and cutting-edge ECN technology. Whether you’re just starting out or a seasoned pro, LiteFinance creates the perfect trading environment with advanced tools and platforms designed for your success.
🌟 Convenience, support, and endless possibilities. LiteFinance gives you access to a wide range of trading instruments, social trading features, attractive promos, personal managers, and the most convenient ways to deposit and withdraw funds. It’s everything you need for smooth, profitable trading.
LiteFinance isn’t just a broker—it’s your trusted partner in the world of Forex 🌍
WTI Crude Oil: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider short positions from corrections below the level of 72.50 with a target of 61.50 – 53.60. A sell signal: the price holds below 72.50. Stop Loss: above 73.00, Take Profit: 61.50 – 53.60.
Alternative scenario: Breakout and consolidation above the level of 72.50 will allow the asset to continue rising to the levels of 77.90 – 83.75. A buy signal: the level of 72.50 is broken to the upside. Stop Loss: below 72.00, Take Profit: 77.90 – 83.75.
Main Scenario
Consider short positions from corrections below the level of 72.50 with a target of 61.50... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
Peso Is Not Afraid of U.S. Tariffs. Forecast as of 29.11.2024
Mexico has hinted that it is not afraid of a trade war with the U.S. However, its economy would suffer significantly from the 25% import tariffs imposed by the U.S. Let's discuss it and make a trading plan for USDMXN.
Major Takeaways
Trump's 25% tariff threats have sent USDMXN higher.
The Republican's "great conversation" with Claudia Sheinbaum has boosted the peso.
Mexico's economy will be significantly damaged by tariffs.
USDMXN risks rising to 21.3 and 22.2
Monthly Fundamental Forecast for Mexican Peso
"Trump wants something from Mexico,” said traders, prompting a rush to sell the peso. As Trump threatens to... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/peso-is-not-afraid-of-us-tariffs-forecast-as-of-29112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
EURUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: After the correction ends, consider short positions below the level of 1.0703 with a target of 1.0193 – 1.0000. A sell signal: the price holds below 1.0703. Stop Loss: above 1.0730, Take Profit: 1.0193 – 1.0000.
Alternative scenario: Breakout and consolidation above the level of 1.0703 will allow the pair to continue rising to the levels of 1.0790 – 1.0940. A buy signal: the level of 1.0703 is broken to the upside. Stop Loss: below 1.0680, Take Profit: 1.0790 – 1.0940.
Main Scenario
Consider short positions below the level of 1.0703 with a target of 1.0193... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
USDСAD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
Major Takeaways
Main scenario: Consider long positions from corrections above the level of 1.3815 with a target of 1.4300 – 1.4500. A buy signal: the price holds above 1.3815. Stop Loss: below 1.3780, Take Profit: 1.4300 – 1.4500.
Alternative scenario: Breakout and consolidation below the level of 1.3815 will allow the pair to continue declining to the levels of 1.3711 – 1.3605. A sell signal: the level of 1.3815 is broken to the downside. Stop Loss: above 1.3850, Take Profit: 1.3711 – 1.3605.
Main Scenario
Consider long positions from corrections above the level of 1.3815 with a target of 1.4300... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdsad-elliott-wave-analysis-and-forecast-for-291124-061224/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
The three cryptocurrencies continue following the scenarios we have previously identified.
Major Takeaways
BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,606.42.
XRPUSD: The price is expected to rise in impulse (5). Consider long positions with Take Profit at a high of 1.625.
ETHUSD: Momentum growth continues. Consider buying from the current level with Take Profit at 3,672.00.
Elliott Wave Analysis for Bitcoin
BTCUSD has presumably formed a correction [4] as a triple zigzag (W)-(X)-(Y). A new... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-29112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Zilliqa Price Forecast & Predictions for 2024, 2025–2026 and Beyond
Cryptocurrency trading is known for its high volatility, substantial risks, and potential for significant returns. Many investors in Zilliqa (ZIL) continue to question whether the asset has long-term growth prospects. Analysts currently express cautious optimism about Zilliqa's future performance.
Since its launch in 2017, Zilliqa has gone through numerous price fluctuations. Nevertheless, its long-term prospects look promising. The Zilliqa blockchain is actively gaining popularity, especially in the field of decentralized applications (dApps) and across fintech companies. With a strong technological foundation and an evolving ecosystem, the platform is poised for continued growth, and the value of its ZIL token has... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/zilliqa-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post
🎙 In the world of finance, where information is everything, podcasts have become a game-changer for traders. They’re the perfect way to learn from real-life examples, keep up with the market, and soak in expert advice.
Here are three must-listen podcasts to add to your playlist:
↗️ Motley Fool Money
Hosted by Chris Hill and his team of experts, this podcast dives into market trends, analysis, and practical tips. Whether you’re a beginner or a seasoned investor, it’s a great way to gain deeper insights into the market.
↗️ Fast Money by CNBC
Daily news, forecasts, and roundtable discussions with top traders. Melissa Lee and her crew break down market-moving events and share actionable strategies. This one’s a must-have for new investors!
↗️ IG Trading the Markets
Curious about trading CFDs, forex, stocks, or indices? This podcast from IG Group is your guide to navigating financial instruments, weighing the pros and cons, and understanding the ins and outs of the markets.
🔗 What trading podcasts are you listening to? Share your favorites in the comments! 🙌
Short-term Analysis for Oil, Gold, and EURUSD for 28.11.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Yesterday, the euro's short-term downtrend reversed.
Major Takeaways
USCrude: oil continues to decline within a short-term downtrend.
XAUUSD: gold is trying to rise after hitting the support (B) 2634 - 2626.
EURUSD: the euro is trading in a short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
Oil is maintaining its short-term downtrend. The price reached the first target of 68.68 on November... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-28112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
US Dollar Slides Amid Trump Trade Retreat. Forecast as of 28.11.2024
When the Trump trade retreats, the US dollar does not benefit even from robust macroeconomic data or a potential vote of no confidence in the French government. This is particularly relevant given the potential for European inflation to accelerate. Let's discuss these topics and make a trading plan for the EURUSD pair.
Major Takeaways
The market does not believe in Trump's plan.
Portfolio rebalancing puts pressure on the US dollar.
The ECB will not rush to cut rates.
The EURUSD pair may climb to 1.0615 and 1.071.
Weekly US Dollar Fundamental Forecast
Investors strongly doubt that the new US administration... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-slides-amid-trump-trade-retreat-forecast-as-of-28112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Economic Calendar for the Week 02.12.2024 – 08.12.2024
Despite the strong market volatility following Donald Trump's ascension to the US presidency, the US dollar continues to dominate, with US stock indices showing positive trends. Besides, the greenback retains the status of a safe asset, attracting eager investors who anticipate further gains. At the same time, positive macroeconomic data from the US is steadily reinforcing the resilience of the American economy, even amid global geopolitical tensions.
In the upcoming week, 02.12.2024 - 08.12.2024, investors will focus on the US labor market data. The US Department of Labor will release its monthly report with November data on Friday. Moreover, investors will... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/economic-calendar-for-the-week-02122024-08122024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Major Takeaways
BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,606.42.
XRPUSD: The price is expected to rise in impulse (5). Consider long positions with Take Profit at a high of 1.625.
ETHUSD: Momentum growth continues. Consider buying from the current level with Take Profit at 3,672.00.
Elliott Wave Analysis for Bitcoin
BTCUSD has presumably formed a correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave is developing in the last segment of the chart.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-27112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Diamond Pattern Trading: A Key Technical Analysis Tool
Trading using technical analysis patterns most often involves studying recurring price behaviors on the charts, including identifying various patterns. Today, traders use a wide range of chart patterns, some of which are rare but can be particularly advantageous.
A Bullish Diamond and a Bearish Diamond are among such patterns, typically appearing on higher time frames. Trading these patterns can often yield profits exceeding 10%–15% of a trader's deposit. This article explores how to utilize these patterns effectively.
Major Takeaways
What is a Diamond pattern?
A Diamond is a chart pattern that emerges on a price chart after a prolonged bullish... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-professionals/100-most-efficient-forex-chart-patterns/diamond-pattern-trading/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term Analysis for Oil, Gold, and EURUSD for 26.11.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Oil continued to trade in a short-term downtrend yesterday.
Major Takeaways
USCrude: oil has reached the first bearish target near 68.68.
XAUUSD: gold is trying to break through the support (B) 2634 - 2626.
EURUSD: the euro is trading near the resistance (B) 1.0484 - 1.0470, the short-term downtrend's boundary.
Oil Price Forecast for Today: USCrude Analysis
Oil continued to trade... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-26112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
US Dollar Strengthens on Daunting Tariff Prospects. Forecast as of 26.11.2024
The term "tariff" is frequently mentioned in Donald Trump's speeches and US dollar-related discourse. After Trump used the term in his post on social media, EURUSD bulls were compelled to retreat. Let's discuss this topic and make a trading plan.
Major Takeaways
The market overvalued the news of Trump's choice of Treasury Secretary.
The announcement of import duties helped the US dollar.
The question of the Fed rate cut in December remains open.
The EURUSD pair's surge above 1.05 may lead to a pullback.
Weekly US Dollar Fundamental Forecast
The imposition of tariffs represents a clear negative factor for the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-strengthens-on-daunting-tariff-prospects-forecast-as-of-26112024/?utm_source=telegram&utm_medium=social&utm_campaign=post