LiteFinance

2023-05-09 10:52:26 Short-term analysis for oil, gold, and EURUSD for 09.05.2023

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.

The EURSUD traders tried to continue the short-term uptrend.



Oil price forecast for today: USCrude analysis

The oil short-term uptrend continues. The price reached the Target Zone 73.53 – 72.66 yesterday. The zone has not been broken out, the price won’t continue growing right away.

The uptrend will continue if the price consolidates above level 73.53. In this case, the next... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3VMq971 Open / Comment

2023-05-09 09:30:48 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.05.2023

I welcome my readers!

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



Elliott wave Bitcoin analysis



Correction B is unfolding as a standard zigzag [A]-[B]-[C]. Now its final part, sub-wave [C], is under construction. Judging by the initial part, wave [C] will take the shape of a simple impulse consisting of sub-waves (1)-(2)-(3)-(4)-(5). Soon, expect the price fall and the development of sub-waves (3)-(4)-(5) approximately to 25300.00. At this level, the correction B will be 50% of the impulse A.

Trading plan for BTCUSD today:

Sell... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3VJV4AM Open / Comment

2023-05-09 08:49:48 Euro: down to the ground. Forecast as of 09.05.2023

Markets were dreaming of a Fed's dovish reversal due to a recession in the US economy. However, recent data suggests that the US will avoid a downturn. This leads to a EURUSD correction. Will it be long-lasting? Let's discuss this topic and make up a trading plan.

Weekly Euro fundamental forecast

The market predicted a recession in the US economy. Therefore, investors started considering lowering the federal funds rate as early as 2023, although the actual reasons may differ. This is what always happens when you act on emotions. As a result, EURUSD rose too high. It's time to return from heaven... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NRP8DZ Open / Comment

2023-05-08 14:01:00 Yen dances to the Fed's piping. Forecast as of 08.05.2023

Japan's lower recession risks than in the USA and the BoJ's need to normalize policy support the USDJPY's bears. However, it's too early to brush the USD aside. Let’s discuss that and make a trading plan.

Weekly fundamental forecast for yen

Markets prefer sticks over carrots. Unlike Christine Lagarde, who is always searching for compromises, the former ECB President Mario Draghi would often bring the euro to life with his personal decisions, for example. Thus, Jerome Powell's statement that investors can have their own opinion regarding rates knocked the USD off its feet. The USDJPY quotes collapsed amid rumors that... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NPf5nE Open / Comment

2023-05-08 11:03:55 Short-term analysis for oil, gold, and EURUSD for 08.05.2023

Hello, my fellow traders! Here's my forecast for US Crude, XAUUSD, and EURUSD made using margin zones and classical technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.

Gold's short-term trend remains upward.



Oil Forecast for today: USCrude analysis

Oil's short-term trend reversed up on 5 May. The previous trend's key resistance at 68.74 - 68.31 was broken out. The upper Target Zone 73.53 - 72.66 is a current buying target.

I suggest buying oil from strong support levels: support (А) 69.13 - 68.84 and support (В) 67.68 - 67.25. Today's high can... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/41fpU5i Open / Comment

2023-05-08 09:32:46 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.05.2023

I welcome my readers!

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



Elliott wave Bitcoin analysis



Downward correction B is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] are fully completed. The final wave [C], most likely, will take the shape of a simple impulse (1)-(2)-(3)-(4)-(5). This impulse is expected to end around 25300.00. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 28152.83, Take profit: 25300.00


Elliott wave Ripple analysis



The actionary... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/42jisrl Open / Comment

2023-05-08 09:27:51 USD forgot about recession. Forecast as of 08.05.2023

The market understands that the Fed's policy is data-driven but does not want to get rid of the idea of a dovish reversal in 2023 despite strong US employment data. Who is wrong? Investors or the central bank? Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

Possibly, in the long run, the markets reflect reality. However, now they resemble a polling station, where each investor has their own views on what will happen next. The most common opinion in Forex is that no matter how strong the US economy is, the Fed... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/41keg9j Open / Comment

2023-05-08 08:57:57 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.05.2023

I welcome my readers!

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



Elliott wave Bitcoin analysis



Downward correction B is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] are fully completed. The final wave [C], most likely, will take the shape of a simple five-wave impulse (1)-(2)-(3)-(4)-(5). This impulse is expected to end around 25300.00. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 28152.83, Take profit: 25300.00


Elliott wave Ripple analysis



The... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/42jisrl Open / Comment

2023-05-05 17:03:01 Lucky Ticket Tanzania extended until the end of the year

Dear clients,

Since Lucky Ticket Tanzania did not have the required number of participants, the LiteFinance team decided to extend the draw until December 18, 2023.

We have prepared amazing prizes for our clients, and we really want the prizes to find their owners! Five prizes will be drawn using a transparent algorithm based on a special lucky number:




Prize
Prize value
Draw time


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800 USD
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1000 USD
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Boxer motorbike
1500 USD
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*The schedule of... Read more https://bit.ly/44zNRao Open / Comment

2023-05-03 13:43:51 Franc takes growth vitamin. Forecast as of 03.05.2023

Being encouraged by an upcoming economic recession in the USA, the USDCHF bears go ahead. Despite the slow pace of the SNB monetary tightening, the franc is stable.

Monthly Swiss franc fundamental forecast

Haste makes waste. Although the SNB’s monetary tightening is far less aggressive than other regulators, the CHF could outperform the GBP and be the G10 top performer. The sterling is supported by the undervalued potential of the UK economic expansion. The USDCHF bears are encouraged by the expected US economic recession. Franc looks more attractive as a safe haven than the US dollar or the Japanese yen.... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/4118lpM Open / Comment