LiteFinance

15 Jan 2021 12:17

USDCHF: Elliott wave analysis and forecast for 15.01.2021 – 22.01.2021

Main scenario: Consider short positions from corrections below the level of 0.8976 with a target of 0.8700 – 0.8600.

Alternative scenario: breakout and consolidation above the level of 0.8976 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.

The fifth wave of smaller degree v of 5 is developing on the H4 time frame. Wave (iii) of v formed, and a local correction is developing in the form of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mv5d

LiteFinance

15 Jan 2021 12:07

USDCAD: Elliott wave analysis and forecast for 15.01.2021 – 22.01.2021

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: Wave (С) of 4 of larger degree continues developing on the daily time frame, 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. A local correction (iv) of v appears... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mvo4

LiteFinance

15 Jan 2021 09:27

Medium-term forecast for oil, gold, and EURUSD 15.01.2021

I welcome my colleagues! 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 trading signals for traders who trade in medium-term trends.

Oil ends the current week near the resistance zone of Target Zone 4 [54.72 - 54.21].



Oil price forecast for next week: USCrude analysis

Oil ends the current week near the resistance zone of Target Zone 4 [54.72 - 54.21]. The medium-term trend is up. So far, there are no reasons for a reversal. 

Based on this, enter oil purchases on... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mvy3

LiteFinance

15 Jan 2021 07:27

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.01.2021

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 BTCUSD and ETHUSD market situations are similar. There is forming the final leg of a large bullish impulse.



Elliott wave Bitcoin analysis



The BTCUSD market continues forming the bullish impulse. In the most recent chart section, there is forming the final leg of the upward impulse wave (5) – the initial element of wave 5, which could be a five-wave impulse, is unfolding. The market should be rising in the sub-wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MvIZ

LiteFinance

14 Jan 2021 11:47

Forex believes in vaccine. Forecast for NZDUSD, AUDUSD, and USDNOK as of 14.01.2021

The correction of January's USD index indicates that investors doubt the victory over the pandemic. Confidence can only be restored by successful vaccination. Let us discuss the Forex outlook and make up NZDUSD, AUDUSD and USDNOK trading plans

Fundamental New Zealand Dollar, Australian Dollar, Norwegian Crown forecast for six months

When investors are not worried about anything, the monetary policy takes the lead in Forex. But as soon as there are fears of a global scale, the new market drivers appear. From 2018 to 2019, market was focused on trade wars, in 2020 on the pandemic. I don't think COVID-19 will be quietly... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MPMJ

LiteFinance

14 Jan 2021 09:46

Short-term forecast for oil, gold, and EURUSD for 14.01.2021

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.

Euro retests the zone of medium-term uptrend key support [1.2165 - 1.2146]



Oil price forecast for today: USCrude analysis

Oil price is growing and approaching the target - Target Zone 4 [54.72 - 54.21]. The trend remains up, so purchasing on corrections is a priority. The key support is shifting to the [49.39 - 48.94] zone.



The short-term trend remains up. Yesterday... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MPUu

LiteFinance

14 Jan 2021 06:55

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.01.2021

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.

Ethereum is forming the initial element of a bearish trend. Ripple is forming the corrective wave (2) of the upward impulse. Bitcoin is about to finish the bearish impulse.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the impulse wave 5, with four legs out five of a smaller degree completed inside. There is forming wave [5] as an impulse; wave [5] has also completed four legs out five within the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/M7bz

LiteFinance

13 Jan 2021 15:54

US Cash Open: Trump Impeachment vote, higher inflation, Fed Speakers, Bond auction. Nasdaq analysis, EURGBP, EURUSD, GBPUSD update:
https://youtu.be/sow2d9XiEvE

LiteFinance

13 Jan 2021 11:21

Expert Michael bursts into the New Trading Year with important tips on how to change our mindset and not harm your trading ✊

If you have questions for Michael, write in the comments, he will be happy to answer them 😉

LiteFinance

13 Jan 2021 09:36

Short-term forecast for oil, gold, and EURUSD for 13.01.2021

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.

We are observing the reaction of traders to the test of the key support of the euro medium-term uptrend [1.2165 - 1.2146].



Oil price forecast for today: USCrude analysis

Oil price is growing and approaching the Target Zone 4 [54.72 - 54.21]. The trend remains up, so purchasing on corrections is a priority. The key support is shifting to the [49.39 -... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MkHV

LiteFinance

13 Jan 2021 07:07

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.01.2021

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 Bitcoin bullish trend could end at a level of 50000.00.



Elliott wave Bitcoin analysis



The BTCUSD market continues forming the final impulse wave (5) of [5]. The price rose to high levels in the third wave of impulse (5); next, it rolled down slightly in the zigzag-shaped correction 4. The corrective wave 4 has most likely been completed, so the price should be rising in the final sub-wave 5. The market... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MkPD

LiteFinance

12 Jan 2021 12:28

Annoying Polish zloty. Forecast as of 12.01.2021

The strengthening of the US dollar made some investors doubt the bright future of developing countries' currencies, including the Polish zloty. USDPLN has started to rise, but is the growth temporary? Let us discuss the Forex outlook and make up a USDPLN trading plan.

Fundamental zloty forecast for six months

What is worse for a developing country's currency: rising US Treasury yields or its own central bank's dissatisfaction with currency's excessively high rate? The zloty, which successfully started 2021, took a few steps back and lost all gains amid a rapid rally in the rates of the American debt market and the National... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mf4s

LiteFinance

12 Jan 2021 09:49

Short-term forecast for oil, gold, and EURUSD for 12.01.2021

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.

Euro was corrected down to the medium-term uptrend key support zone [1.2165 - 1.2146]. This week, enter purchases according to the pattern with the target at the high of January.



Oil price forecast for today: USCrude analysis

Oil is trading in the medium-term chart without changes. The medium-term uptrend continues. The target is Target Zone 4 [54.72 - 54.21]. Enter purchases on the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MxcX

LiteFinance

12 Jan 2021 06:58

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.01.2021

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.

Bitcoin continues forming the upward impulse wave. Ripple is shaping the initial element of the bullish impulse; Ethereum has started developing the bearish zigzag.



Elliott wave Bitcoin analysis



The BTCUSD market continues running up in the impulse wave 5, with the final leg developing inside. The most recent chart section displays the bullish impulse (5) of [5], which is composed of five waves 1-2-3-4-5. The zigzag-shaped bearish correction 4 seems to have... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mx4o

LiteFinance

11 Jan 2021 12:27

Announcing winners of LiteForex New Year Promo!

Dear clients,

2020 was tough for all of us but there is no need to worry - 2021 begins with great news! It's time to announce the results of the first stage of New Year Promo 2021. 

The winner is the following trading account: MT4-ECN2-160977

The holder of the account wins iPhone 12 Pro Max 512 GB. 

The LiteForex team congratulates Mr. Omoyosi Oluwatobi Christopher from Nigeria and wishes him new achievements in the Forex market.

The next stage of the promo will take place on 15.01.21 at 12:00 (GMT +2 LiteForex trading server time specified). The winner of this... Read more here: http://amp.gs/Mnug

LiteFinance

15 Jan 2021 12:08

Look for the dollar at the bottom of the glass. Review as of 15.01.2021

The Fed-led pessimists will not let the US dollar come to the surface

The higher the greenback rises, the more the Fed wants to drown it

Is the glass half empty or half full in the market now? Prices often grow because of pessimists and fall because of optimists. In contrast to Russia and some optimistic peers from OPEC+, Saudi Arabia decided to cut oil production unilaterally, believing it was too early to say the pandemic had been defeated and the global demand had recovered. As a result, the quotes of Brent and WTI futures soared. What would have happened if Moscow-led optimists had... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mvoi

LiteFinance

15 Jan 2021 10:29

Mixing UK Data, GBP longs are taking profit ahead of the weekend. Discussing EURGBP, GBPUSD, GBPAUD:
https://youtu.be/bYrxIHzniq8

LiteFinance

15 Jan 2021 08:17

Will optimists favor dollar? Forecast as of 15.01.2021

The EURUSD drop could suggest that the former investment ideas may not be working. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Quarterly US dollar fundamental forecast

May the US dollar become an attractive trading asset for optimists? According to the BofA Merrill Lynch poll, the greenback selling strategy was the second most popular among large investors after buying Hi-Tech stocks. Traders were selling off the US dollar as a safe haven amid the hopes for victory over the pandemic and the explosive growth of global GDP. In January, the situation has radically changed; the S&P... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MvZI

LiteFinance

14 Jan 2021 16:04

Bitcoin forecast for 2021 👇

The price chart below displays the BTCUSD market structure since 2017. The vertical lines mark the start of the new trade year 🙌🏽

The periods of booming Bitcoin price growth occurred during the entire 2017, in the first half of 2019, and almost all the year 2020, except for a few first months.

All growth streaks have featured the so-called trend acceleration. It means the market started rising slowly, forming a series of corrective waves and small impulse waves. As the trend was developing, the price was growing faster.

In 2017, the market was slowly climbing up in waves [1]-[2]-[3]-[4]. However, the price soared very fast in the wave [5].

If we looked at the internal structure of wave [5], we would see that the fifth wave of wave [5] is also the most powerful. So, the trend accelerates as it develops.

Because of this feature of the major cryptocurrencies, almost all powerful trends look like an arc that gradually approaches a particular imaginary vertical line but never reaches it.

And the closer the market is to this vertical line, the greater is the price change per unit of time 📍

At the end of 2017, the Bitcoin price reached a level of 20,000; many bought the cryptocurrency in the hope of its further rise. However, the price rebounded and started declining, slowly but steadily...

The same was in the middle of 2019. First, the uptrend accelerated, rising along the arc-shaped trajectory. Next, the price reached the ceiling suddenly, turned down, and started falling. Furthermore, many thought at that time that there began a new global wave of the BTCUSD uptrend.

Current situation is similar to that of 2019. Almost the whole year of 2020, the uptrend was accelerating 💪🏽

Before the new year, the market is flying up, hitting new all-time highs. The price is rising almost vertically; the uptrend looks more and more similar to the imaginary vertical line (a dotted line)

It looks like the uptrend could end in late January 2021.

The first bullish trend that ended in late 2017 is the first pivot point.

The second important reversal point is in eighteen months, in the middle of 2019.

And the third pivot point should soon occur, as it has been eighteen months since the second reversal.

Of course, such a pattern would not always repeat. Nonetheless, the third pivot point is likely to emerge according to this time cycle.

What do you think, traders?

LiteFinance

14 Jan 2021 11:17

Metals Market Update: Gold and Silver bearish while below 2000 and 27 accordingly. Palladium in a consolidation phase, Platinum bullish case:
https://youtu.be/pnayWs-sceg

LiteFinance

14 Jan 2021 08:08

Euro is up to the old tricks. Forecast as of 14.01.2021

Any trend needs a correction. The EURUSD bears are drawing the price down. However, the correction shouldn’t be deep unless there are problems with vaccination. Let us discuss the Forex outlook and make up a trading plan.

Weekly Euro fundamental forecast

The talks that the fiscal stimulus under Joe Biden will be $2 trillion turned the Treasury yields up. The US bond market rates are going up, the dollar is strengthening, and the EURUSD is again back to the key support 1.2125-1.2145. If the price breaks out the support, the correction should continue. The ECB again resorts to verbal interventions.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MPl0

LiteFinance

13 Jan 2021 17:05

It's okay, you'll soon get used to it 😅

Check your account: http://amp.gs/M7tn

LiteFinance

13 Jan 2021 12:07

Pound is betting. Forecast as of 13.01.2021

The resurgent US dollar and rumors about the interest-rate cut by the Bank of England provoked a correction in GBPUSD. The pullback was short-lived, and the pound is ready to restore the uptrend. What's next? Let us discuss the Forex outlook and make up a GBPUSD trading plan 

Fundamental pound forecast for six months

Once the Brexit talk ended, the British pound returned to the game of betting. Investors are closely following the economy and the Bank of England representatives' comments discussing the possibility of the interest-rate cut below zero. Dovish stance drove the GBPUSD price down below 1.35. As soon as the hawks... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MeGo

LiteFinance

13 Jan 2021 11:09

US CPI and US 30yrs bond auction later today with a focus on USDJPY. EURGBP is one of the EURUSD and GBPUSD drivers. Where from here for FX Majors?
https://youtu.be/iBgM1nC2rhM

LiteFinance

13 Jan 2021 08:10

EURUSD: who blinks first? Forecast as of 13.01.2021

The drop in the Treasury yields proved the weakness of the EURUSD bears. Some of them went nervous and changed the sentiment. Was that shift sensible? Let us discuss the market outlook and make up a trading plan.

Weekly Euro fundamental forecast

The dollar lost the growth driver and started falling. After completing auctions for US Treasury bonds for $ 38 billion, Treasury yields went down, and the EURUSD price went up above the bottom of figure 22. As I expected, the rise of the US bond market rates, based on the greater offer amid the fiscal stimulus expansion, has... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MkUb

LiteFinance

12 Jan 2021 13:12

PART TWO 💵
⠀
🤑 Oil
⠀
Black gold is considered to be an indicator of the global economy's health. Once it improves, oil prices rise. Brent closed the year 2020 with minus 22% and WTI dropped 21%.
⠀
The International Energy Agency estimates that the pandemic-driven loss in global demand amounts to nearly 10 million b/d. The demand is expected to grow to 96.9 million b/d (+6 million b/d) next year, still remaining below the pre-crisis value of 100 million b/d.
⠀
At the end of 2019, North Sea oil was trading at $65-70 a barrel. It can return to those levels - not only because of demand, but also because of limited supply.
⠀
The US is unlikely to return to its record high production rates, while the OPEC and Russia will be careful as an increase in production can scare investors and destabilise the market. Our advice will be buying Brent and WTI.
⠀
🤑FTSE 100 index
⠀
The FTSE 100 index has been underperforming compared to its global peers since 2016 when the referendum on the UK membership was held and resulted in an unexpected Eurosceptics victory.
⠀
A no-deal Brexit was priced in the UK stocks as a bearish factor. However, the trade deal of the UK and the EU signed at the very last moment has eliminated it.
⠀
According to Boris Johnson, the trade deal brought about confidence, which is the most important. The uncertainty, pressing down the UK assets for many years, has eased at last. So, the UK stocks could be booming up in 2021. In 2020, the FTSE 100 has lost about 13% in value.
⠀
In 2021, the bulls should at least gain back the lost points.

More useful ideas: http://amp.gs/MfAQ

LiteFinance

12 Jan 2021 12:07

Bitcoin Breaks Through the Roof! BTC Price Analysis and Predictions

Bitcoin breaks a price record again! The coin broke the $34,000 mark on January 3rd, 2021. How did this advance come about? The rise to $30,000 really only started in the second half of 2020. It has been a turbulent year, both inside and outside the Bitcoin scene. Time for a brief look back: what big things happened in the world of Bitcoin, and how did this beautiful record price come about? And what can we expect from the crypto-king next? Will the price of Bitcoin go up even more? Let's find out!



Bitcoin in Short

We're sure you know,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MfEA

LiteFinance

12 Jan 2021 07:58

Dollar follows Treasuries. Forecast of 12.01.2021

Before you start rising, you need to get rid of everything, keeping you down, the ballast. The EURUSD correction has scared off some former bulls. What’s next? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

The dollar has become oversold, so, naturally, it should rise for some time. The rally of the Treasury yields encouraged speculators to exit short trades on the greenback, which have been expanding over the past few weeks and reached multi-year highs. Emerging markets currencies and the euro have suffered the most from the USD rebound.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Mxqz

LiteFinance

11 Jan 2021 13:47

Medium-term forecast for five cryptocurrencies as of 11.01.2021

I welcome my readers!

I have prepared a medium-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ethereum, Litecoin, EOS, and Ripple. I offer trading signals for each cryptocurrency pair.

Ethereum, Litecoin, and Ripple are forming final impulse waves in the global zigzags.



Elliott wave Bitcoin analysis

The BTCUSD daily timeframe displays the structure of the bullish impulse that has been developing for more than three years. In March 2020, corrective wave 4, composed of three sub-waves [W]-[X]-[Y], successfully completed. Next, the price started rising in the upward wave 5 that is unfolding as a five-impulse. The first four legs... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MncO

LiteFinance

11 Jan 2021 12:20

Has gold changed the rules of the game? Forecast as of 11.01.2021

If a bull driver suddenly turns into a bear, a paradox arises in the market. Someone shrugs their shoulders in bewilderment, and someone is in a hurry to make money on it. Let us discuss the Forex outlook and make up a gold trading plan.

Fundamental gold forecast for a week

If in 2020, gold price rose thanks to incentives, then it sharply changed its behavior at the start of 2021. It marked the worst daily fall since the beginning of November as Joe Biden promised to spend trillions of dollars to support the economy after a December employment report... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/MnD8