LiteFinance

11 Jan 2021 10:36

Litecoin Price Predictions: How It could go in 2021 and Beyond

Litecoin was up by more than 140% in 2020, despite a recent drawdown that reduced the asset to about $50 per LTC. The Litecoin price has been through a lot from its launch – going up and down. Its price started at about $3 per LTC and has gone through a number of bubble cycles or "alt seasons."

These contributed to a significant rise in the price before a minor correction occurred. These price corrections do nothing to counter Litecoin's strong price trajectory. Long-term, the outlook suggests that Litecoin's potential is extremely high. Eventually, Litecoin closed 2020 at $126.23 (on... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mn7M

LiteFinance

11 Jan 2021 08:05

Euro is to pass stability test. Forecast as of 11.01.2021

Any trend needs a correction. Bloomberg experts suggest the EURUSD reach level 1.25 in 2021, but it won’t happen in January, of course. Let us discuss the market outlook and make up a trading plan.

Weekly Euro fundamental forecast

Stability test. That is how the current market situation looks like. As I expected, the US weak jobs report opened the door to the EURUSD correction. The euro bulls are so worried about the drop in the US nonfarm payrolls by 140,000 that allowed the major currency pair to go down to the middle of figure 21. There is a clear... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MBM2

LiteFinance

08 Jan 2021 17:05

World stock market holidays: January 2021

Dear clients,

Please get acquainted with upcoming changes in LiteForex’s trading schedule this month.

Martin Luther King Jr. Day, US




Trading instrument
Closure
Resumption


XAUUSD
18/01/2021 20:00:00
19/01/2021 01:00:00


XAGUSD
18/01/2021 20:00:00
19/01/2021 01:00:00


XPTUSD
18/01/2021 20:00:00
19/01/2021 01:00:00


XPDUSD
18/01/2021 20:00:00
19/01/2021 01:00:00


FDAX
18/01/2021 23:00:00
19/01/2021 01:02:00


NI225
18/01/2021 20:00:00
19/01/2021 01:00:00


FTSE
18/01/2021 23:00:00
19/01/2021 01:02:00


NQ
18/01/2021 20:00:00
19/01/2021 01:00:00


YM
18/01/2021 20:00:00
19/01/2021 01:00:00


SPX
18/01/2021 20:00:00
19/01/2021 01:00:00


USCrude
18/01/2021 19:45:00
19/01/2021 01:00:00


US CFD’s (NYSE)
15/01/2021 23:00:00
19/01/2021 16:30:00


US CFD’s (NASDAQ)
15/01/2021 23:00:00
19/01/2021 16:30:00




* The schedule is formed according to... Read more here: http://amp.gs/MZGG

LiteFinance

08 Jan 2021 13:37

XAUUSD: Elliott wave analysis and forecast for 08.01.21 - 15.01.21

Main scenario: consider long positions from corrections above the level of 1861.48 with a target of 2016.08 – 2073.73.

Alternative scenario: breakout and consolidation below the level of 1861.48 will allow the pair to continue declining to the levels of 1760.88 – 1718.57.

Analysis: Presumably, the ascending third wave of larger degree (3) formed and a descending correction developed as wave (4) on the daily time frame. H4 time frame: apparently, the fifth wave (5) has started forming, with wave 1 of (5) formed inside. On the H1 time frame, a local correction 2 of (5) is developing as wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MmXc

LiteFinance

08 Jan 2021 13:08

Dollar will yield the throne. Review as of 08.01.2021

The yuan will hardly compete with the dollar in the coming years, but who knows what will happen in 10 or 20 years.

The dollar's dominance will end, sooner or later

The lower the USD falls, the more often they talk about the end of its dominance in the market. This kind of talk isn't something new: at the beginning of the 21st century, the main claimant to the throne was the euro. Nowadays, it's the yuan. The single European currency hasn't ever been the first racer, but the yuan may be the one in the next few years. Unless... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mm2R

LiteFinance

08 Jan 2021 12:35

EURUSD: Elliott wave analysis and forecast for 08.01.21 - 15.01.21

Main scenario: consider long positions above the level of 1.2116 with a target of 1.2400 – 1.2500 once the correction formed.

Alternative scenario: breakout and consolidation below the level of 1.2116 will allow the pair to continue declining to the levels of 1.1971 – 1.1738.

Analysis: Daily time frame: presumably, the first wave of larger degree 1 of (3) continues developing, with wave v of 1 forming inside. On the H4 time frame, the third wave of smaller degree (iii) of v finished forming, and a descending correction is developing as the fourth wave (iv) of v. Apparently, wave a... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MmJf

LiteFinance

08 Jan 2021 12:07

USDCAD: Elliott wave analysis and forecast for 08.01.21 – 15.01.21

Main scenario: consider short positions from corrections below the level of 1.2953 with a target of 1.2550 – 1.2400.

Alternative scenario: breakout and consolidation above the level of 1.2953 will allow the pair to continue rising to the levels of 1.3174 – 1.3384.

Analysis: Daily time frame: wave (С) of 4 of larger degree continues developing, with the first wave 1 of (C) forming inside. Presumably, the fifth wave v of 1 of (C) is forming on the H4 time frame, with wave (iii) of v of smaller degree completed inside. Apparently, a local correction (iv) of v started to... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mmiz

LiteFinance

08 Jan 2021 07:29

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.01.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.

Ripple should have finished the down wave (W), and there is forming the upward wave (X).



Elliott wave Bitcoin analysis



The most recent price chart section displays the upward impulse wave (5), which is composed of five waves 1-2-3-4-5. There is forming the bullish impulse wave 5, consisting of the sub-waves [1]-[2]-[3]-[4]-[5]; it is a five-wave impulse. The first four legs of this impulse have completed, so the price should be rising... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mmtd

LiteFinance

07 Jan 2021 15:17

Betting on the victory over the pandemic, the global economy's rapid growth, and underestimate, we can find currencies, commodities, and stocks that are worth a closer look in 2021 👇🏼
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🚨 East European currencies
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They believe in the market that the euro's moves in 2021 will be similar to those in 2017. Back then, the EURUSD soared by 17% amid a lower political risk after Emmanuel Macron's victory over French eurosceptics, the eurozone's GDP growing faster than its US peer - for the first time in 10 years -, and Mario Draghi's hints about monetary policy normalization.
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Today, the pent-up demand effect, global trade's fast growth, unity within the EU and ECB President Christine Lagarde's current penchant for hawks let us hope that the major currency pair will continue rallying to at least 1.25-1.27
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When it comes to East European currencies, in 2017 looked even better than the euro: Czech koruna rose by 18.6% and the Polish zloty - by 18%. Only Hungarian forint "dropped the ball", consolidating by as little as 13%
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The currencies of the countries whose exports are mainly targeted on the EU will be in their element. So, we recommend selling USDPLN, USDCZK, and USDHUF on retracements 👍🏼
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🚨Platinum
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Platinum has been the worst 2020 performer among precious metals 🙈 Its cost rose as little as 11% while palladium, gold, and silver grew 20%, 25%, and 49%, respectively.
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Nevertheless, the XPTUSD bulls don't despair and plan to make up for missed profits in 2021. Sixty-two percent of platinum is used in industrial production, with Europe and China accounting for 50% of total demand for autocatalysts.
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These regions' fast development in the coming year, producers' intention to replace expensive materials with cheaper ones (palladium's cost is 2.2 times higher than platinum's), and transition to clean energy are drawing a bright future for platinum.
⠀
World Platinum Investment Council forecasts that the demand for platinum will exceed the supply by record 1.2 million ounces in 2020. There even will be a deficit for the next few years. According to CRU Group, a hydrogen vehicle will require four times more platinum than modern diesel cars 💵

What else do you think is worth paying attention to?

LiteFinance

07 Jan 2021 08:19

Dollar takes a clean pair of heels. Forecast as of 07.01.2021

As long as, with the joint efforts of the Fed and the Treasury, the Treasuries' real yield remains low, the greenback sell-offs will continue. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Quarterly US dollar fundamental forecast

The White House and Congress are united, and the US stock market is divided. That is the result of the Senate elections, following which Democrats have taken the two vacant seats. Now, with Vice President-elect Kamala Harris, the Democrats will control both the White House and Congress. A ‘blue wave’ suggests higher risks of additional fiscal stimulus, increased... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MYsD

LiteFinance

06 Jan 2021 22:33

US Cash Close: All eyes on Capitol. Dramatic situation spurs risk-off sentiment. Discussing Nasdaq, EURUSD, and USDJPY
https://youtu.be/TmYmmwmG_QA

LiteFinance

06 Jan 2021 16:55

Renko Charts: Guide to Use in Forex Trading

Visualizing changes in asset values ​​makes it easier to track trends. This is why Eastern analysts were not satisfied with traditional candlesticks and created alternative ways of representing price changes. One of them is the Renko charts designed to simplify trading by reducing market noise. Today I will tell you what Renko bricks are, how to work with them, what signals they can provide and how they can help in trading.



What is Renko Charts?

Renko is a type of chart for displaying asset price movements. This is an alternative to Japanese candlesticks in representing price changes. The Forex Renko... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/M1at

LiteFinance

06 Jan 2021 11:56

Great start, friend 😂😂👍


Open an account and start a good trading year: http://amp.gs/M17B

LiteFinance

06 Jan 2021 08:37

Run, Dollar, run! Forecast as of 06.01.2021

While Georgia counts election votes, the EURUSD traders forgot about the pandemic. Regardless of who wins, the S&P 500 should continue the rally, and global risk appetite will rise. How will the dollar react? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Quarterly US dollar fundamental forecast

Do not make hasty decisions! The EURUSD pair is trading around level 1.23 but doesn’t rise higher, expecting Georgia's voting results. The Republicans’ victory will restore the status quo supporting the growth of large US tech companies, which are now concerned about tightening tax laws under Joe Biden.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mz5S

LiteFinance

05 Jan 2021 15:53

US Cash Open: US ISM Manufacturing on the agenda but all eyes on Georgia. Discussing possible intraday setups on EURUSD, GBPUSD, and Nasdaq
https://youtu.be/XJGUGFd9b4M

LiteFinance

11 Jan 2021 09:57

Short-term forecast for oil, gold, and EURUSD for 11.01.2021

I welcome my fellow traders! I have made a price forecast for US Crude, 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.

Since the beginning of the year, the margin requirements for oil futures have changed. The new margin is 4525 USD per contract.



Oil price forecast for today: USCrude analysis

Since the beginning of the year, the margin requirements for the Chicago Mercantile Exchange oil futures have changed. The new margin is 4525 USD per contract. We should draw margin zones formed from... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mnnp

LiteFinance

11 Jan 2021 07:15

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.01.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The Ripple seems to have finished the downtrend, and there is forming the beginning of an uptrend.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the bullish impulse 5, namely, its final leg. There is now developing the impulse sub-wave [5] composed of the sub-waves (1)-(2)-(3)-(4)-(5). The first four elements of the wave [5] have completed, and there is forming the final impulse (5). The market may have finished forming the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MBFU

LiteFinance

08 Jan 2021 13:38

It seems that this trader has so-so forecast and signals 😀

Plug automatic withdrawal: http://amp.gs/MmX6

LiteFinance

08 Jan 2021 13:15

USDJPY: Elliott wave analysis and forecast for 08.01.21 – 15.01.21

Main scenario: consider long positions from corrections above the level of 102.58 with a target of 105.31 – 106.17.

Alternative scenario: breakout and consolidation below the level of 102.58 will allow the pair to continue declining to the levels of 101.74 – 100.00.

Analysis: Daily time frame: presumably, a correction of larger degree is completed in the form of wave (B). Wave (С) has started to form, with the third wave 3 of (C) developing inside. On the H4 time frame, the third wave of smaller degree iii of 3 finished forming, and an ascending correction started developing as the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MmwI

LiteFinance

08 Jan 2021 12:57

GBPUSD: Elliott wave analysis and forecast for 08.01.21 - 15.01.21

Main scenario: consider long positions from corrections above the level of 1.3425 with a target of 1.3800 – 1.3900.

Alternative scenario: breakout and consolidation below the level of 1.3425 will allow the pair to continue declining to the levels of 1.3194 – 1.3068.

Analysis: Daily time frame: presumably, the first wave of larger degree (1) continues developing, with wave 5 of (1) forming inside. On the H4 time frame, the third wave of smaller degree iii of 5 formed and a correction finished developing in the form of wave iv of 5. Apparently, wave v of 5 is developing on... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MmK7

LiteFinance

08 Jan 2021 12:18

USDCHF: Elliott wave analysis and forecast for 08.01.21 – 15.01.21

Main scenario: Consider short positions from corrections below the level of 0.8923 with a target of 0.8700 – 0.8600.

Alternative scenario: breakout and consolidation above the level of 0.8923 will allow the pair to continue rising to the levels of 0.9026 – 0.9190.

Analysis: Presumably, the descending first wave of larger degree (1) of 5 continues developing on the daily time frame, with wave 5 of (1) forming inside. On the H4 time frame, the fifth wave of smaller degree v of 5 is developing, with wave (iii) of v formed inside. Apparently, a local correction is forming as wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MmDp

LiteFinance

08 Jan 2021 08:25

Dollar is clutching at straws. Forecast as of 08.01.2021

Although the US stock market rose, the euro rolled down. Will the correction be deep? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

The Fed’s hawkish stance and the surge of the Treasury yield made EURUSD bulls nervous. Speculators have been building up US dollar shorts for the 40th week in a row, and the bullish factors for the greenback encourage the sellers to exit trades. Furthermore, Bloomberg experts expect a weak growth of the US nonfarm payrolls by 50,000. A quarter of the analysts polled suggest the indicator should... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mmnt

LiteFinance

07 Jan 2021 17:24

Two Big Events tomorrow on the agenda. Today we are going to focus on the Canadian Job Market. Discussing USDCAD, EURCAD, GBPCAD, CADJPY ahead of tomorrow's publication
https://youtu.be/TZwXIM8JKK4

LiteFinance

07 Jan 2021 11:26

Yuan doesn’t fear enemies. Forecast as of 07.01.2021

The yuan performed well in 2020, and it is going to rally in 2021. The USDCNH sellers still have the same advantages. Let us discuss the Forex outlook and make up a USDCNH trading plan.

Fundamental yuan forecast for six months

The yuan strengthened versus the US dollar by almost 6.7% in 2020. There are several reasons for the yuan’s rally, including the growth gap, different approaches to pandemic management, high demand for Chinese assets, and the hopes for the improvement in the US-China trade relations. In 2021, the renminbi's last-year advantages should remain, so the USDCNH drop to the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MYbI

LiteFinance

07 Jan 2021 07:17

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.01.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.

Bitcoin and Ethereum are rising in the impulse waves; Ripple is forming a bearish ending diagonal.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the bullish impulse wave (5), with four legs out of five completed inside. There is now developing the final motive wave 5 as an upward five-wave impulse. Wave [3] should soon end at a level of around 38600.00. Next, following a short decline in the corrective wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MYdw

LiteFinance

06 Jan 2021 17:25

Hedging is a strategy used to protect from losing trades resulting from an adverse move of a currency pair ✋🏼
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Let study an example of hedging in forex, based on classical hedging technique, using one currency pair EURUSD.
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💵 Assume the situation that the EURUSD has been trading in a bullish trend for a long time. We expect the trend reversal down, and we expect a reversal signal delivered by candlestick patterns.
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💵 There are two consecutive down bars in the chart (marked with the blue oval on the first chart) as a confirmation of the shooting star pattern (a bearish candlestick with a long upper shadow and a small lower shadow or no shadow at all). So, we enter a short trade of 1 lot at the level of the red horizontal line, around 1.13
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💵Next, holding a sell position, we see that there is a sideways move instead of a steady bear trend. When there are two up candlesticks with full bodies, which almost engulf the entire bear move, there is a strong risk that the EURUSD pair will go up and the uptrend will continue (second blue oval on the second pic)
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💵To reduce this risk, we enter a position, opposite the first one, of the same volume, 1 lot. In the above chart, the buy price on the EURUSD is marked with the green line, it is at about 1.134.
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Thus, two trades will overlap each other and protect our deposit. We fix the level of a potential loss of 400 points (the spread between opening short and long positions) under the conditions of strong uncertainty.
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Now we can safely track the market without fear of significant losses. If the price nevertheless goes down, we will close the long position and take the profit from the short one. If there is a signal of the bull trend continuation, we shall exit the short position, and a long one will start yielding a profit.

LiteFinance

06 Jan 2021 12:35

Blue wave calls silver. Forecast as of 06.01.2021

The Democrats' victory in Georgia will help silver to head north as the reflation environment will strengthen, and the USD will weaken. But what if a Republican sneaks into the Senate? Let's discuss it and make a trading plan for XAGUSD

Monthly fundamental forecast for silver

Twenty-twenty was a bright year for silver. The XAGUSD's quotes grew 47% amid pandemic-driven production cuts, strong investment demand, the global industry's fast recovery, accelerating inflation expectations, and a weak USD. Silver was the best performer in the sector of precious metals. However, it has not exhausted its growth potential yet as old drivers are still in... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/M1gc

LiteFinance

06 Jan 2021 10:31

With the latest AUD strength, we are trying to discuss what next for Aussie in 2021. Charts vs macro. Checking AUDUSD, AUDCAD, AUDJPY:
https://youtu.be/4JQtlzpKIVc

LiteFinance

06 Jan 2021 07:39

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 06.01.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.

Ripple and Ethereum are forming down impulses. Bitcoin price is rising in the bullish impulse.



Elliott wave Bitcoin analysis



There is forming the upward impulse wave (5). The first four legs of wave (5) have completed. The sub-waves 1 and 3 are impulses, corrective sub-waves 2 and 4 are zigzags. There is forming wave 5 that is a bullish five-wave impulse. Wave [3] of 5 could end at a level of around... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MzFY

LiteFinance

05 Jan 2021 12:17

Aussie got one of the standing ovations. Forecast as of 05.01.2021

The AUDUSD rally should continue this year amid support from China and the commodity market. The major risk is Joe Biden’s attacks on China. However, I don’t think the US-China trade relations will worsen. Let us discuss the AUD outlook and make up an AUDUSD trading plan.

Quarterly Australian dollar fundamental forecast

The Australian dollar is trading up in early 2021, just like it was in late 2020. The tailwinds from China and the optimism in the commodity market allowed the AUDUSD bulls to push the price above the bottom figure 77, the level last seen in April 2018. Although... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MT0Y