LiteFinance

2021-12-24 12:48:25 USDCHF: Elliott wave analysis and forecast for 24.12.2021 – 31.12.2021

Main scenario: consider short positions from corrections below the level of 0.9376 with a target of 0.8924 – 0.8768.

Alternative scenario: breakout and consolidation above the level of 0.9376 will allow the pair to continue rising to the levels of 0.9506 – 0.9680.

Analysis: a descending first wave of larger degree (1) of 5 is formed on the daily chart, and a correction has presumably developed as the second wave (2) of 5, with wave C of (2) formed inside. Supposedly, the third descending wave (3) of 5 has started developing on the H4 chart, with the first counter-trend wave of smaller degree... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtrB8 Open / Comment

2021-12-24 12:38:59 USDCAD: Elliott wave analysis and forecast for 24.12.2021 – 31.12.2021

Main scenario: consider short positions from corrections below the level of 1.2961 with a target of 1.2620 – 1.2543.

Alternative scenario: breakout and consolidation above the level of 1.2961 will allow the pair to continue rising to the levels of 1.3166 – 1.3382.

Analysis: a descending correction appears to have formed as the fourth wave 4 of larger degree on the daily chart, with wave (С) of 4 completed and an ascending wave 5 unfolding inside. A downward correction is completed in the form of wave 2 of (1) of 5 and the third wave 3 of (1) has started... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtrpK Open / Comment

2021-12-24 11:26:51 Short-term analysis for oil, gold, and EURUSD for 24.12.2021

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.

The euro continues to trade in the sideways trend and is currently testing the border of the short-term downtrend.



Oil price forecast for today: USCrude analysis

Oil broke out the Target Zone 72.58 - 71.94. The next target of the short-term uptrend is the Gold Zone 75.16 - 74.86. It is reasonable to consider new oil purchases on correction.

The strong support levels are Additional... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtO67 Open / Comment

2021-12-24 10:54:39 Dollar plays "I doubt it" game. Forecast as of 24.12.2021

Will the Fed raise rates in March or in June? Will US inflation start slowing down in the second half of 2022? Investors don't believe the Fed's monetary restriction will be aggressive. How does it affect the EURUSD? Let’s try to answer those questions and make a trading plan.

Weekly fundamental forecast for dollar

Even though the Fed is ready to normalize monetary policy fast, US bond yields are at their all-time lows, the S&P 500 had its 68th record close of the year, and the USD index seems to close its worst week since September. Those are the components... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtOo7 Open / Comment

2021-12-24 09:36:59 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 24.12.2021

Dear readers,

Based on the Elliott wave analysis, I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum. Also, I've provided trading recommendations and entry points for each cryptocurrency pair.

Bitcoin is close to completing the first impulse wave and might slightly pull back in a small correction move.



Elliott Wave analysis for Bitcoin



The crypto pair BTCUSD is correcting in wave [B]. This wave may finally be shaped like a double three (W)-(X)-(Y). Sub-wave (Y), whose structure may be simple, is required to complete that corrective pattern. The first impulse wave A is nearing completion as part of the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtOuA Open / Comment

2021-12-23 14:19:08 Lira has a plan. Forecast as of 23.12.2021

The currency crisis provoked by Turkish President Recep Tayyip Erdogan is likely to affect the economy negatively. Although official Ankara has bought itself imaginary stability, it is still very far from reality. Let's discuss this topic and make up a USDTRY trading plan.

Monthly Turkish lira fundamental forecast

The collapse of the lira in recent years is no surprise. But what happened to the Turkish currency in 2021 is breathtaking. It all started back in the spring, when Recep Erdogan fired the head of the central bank, who intended to raise rates to fight inflation. According to the president, the increase... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtdIZ Open / Comment

2021-12-23 11:25:35 Short-term analysis for oil, gold, and EURUSD for 23.12.2021

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.

A short-term oil uptrend continued yesterday, as a result, the upper Target Zone 72.52 - 71.94 was broken out.



Oil price forecast for today: USCrude analysis

A short-term oil uptrend continued yesterday, as a result, the upper Target Zone 72.52 - 71.94 was broken out. Now the target for purchases is the Gold Zone 75.16 - 74.86. I recommend considering new... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtUVt Open / Comment

2021-12-23 10:29:00 Euro is enamoured with Santa Claus Rally. Forecast of 23.12.2021

An increase in global risk appetite is bad news for safe-havens, such as the US dollar. The dollar weakens amid the US stock market rally ahead of Christmas. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

Any rally, including the Santa Claus rally, needs a reason. Strong US domestic data and good news about the omicron form from South Africa and UK supported the growth in US stock indexes. An increase in global risk appetite presses down safe0havens, weakening the US dollar against a basket of major currencies. However, the drivers... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtUfX Open / Comment

2021-12-23 09:35:54 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.12.2021

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 zigzag forming by Ethereum could be smaller than previously expected.



Elliott wave Bitcoin analysis



The BTCUSD is forming corrective wave [B] as double zigzag (W)-(X)-(Y). The descending wave (X) has completed as a triple zigzag W-X-Y-XX-Z. The chart is now forming an impulse. There must be forming wave (Y), with the first wave A unfolding inside. Wave A could finish at a level of 51945.00. An approximate trajectory of the Bitcoin... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtUtE Open / Comment

2021-12-22 18:05:56 Optimization of LiteFinance-Cent2.com trading server work

Dear clients,

Please be informed, that the transactions history on CENT accounts located on the LiteFinance-Cent2.com server will be compressed on this Saturday, 25.12.2021.

The history of all trading operations and balance transactions (all types of charges and crediting transactions: affiliate commissions, rollover results, swap charges, internal transfers, deposits and withdrawals, etc.) made on the trading accounts in the period before 01.10.2021 will be compressed into one balance operation the final value of which will be equivalent to the sum of all the transactions over the above mentioned period.

The detailed trading accounts history from the moment of account opening and... Read more here: http://amp.gs/jtRt9 Open / Comment