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2021-11-12 13:58:01 USDJPY: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider long positions from corrections above the level of 112.75 with a target of 116.00 – 118.00. 

Alternative scenario: breakout and consolidation below the level of 112.75 will allow the pair to continue declining to the levels of 110.83 – 109.12. 

Analysis: Daily chart: there's an ascending wave of larger degree C that presumably has started forming. The third wave 3 of (1) of С is unfolding as part of the wave C. H4 chart: a correction is completed as wave ii of 3, and wave iii of 3 is forming. On the H1 chart, apparently, there's wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzEm Open / Comment

2021-11-12 13:38:52 GBPUSD: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider short positions from corrections below the level of 1.3610 with a target of 1.3157 – 1.2831.

Alternative scenario: breakout and consolidation above the level of 1.3610 will allow the pair to continue rising to the levels of 1.3832 – 1.4050.

Analysis: Daily chart: the first wave of larger degree (1) has formed and a downside correction continues forming as wave (2). H4 chart: waves A of (2) and B of (2) are formed, and wave C of (2) is developing. Apparently, the first wave of smaller degree i of C and a corrective wave ii of C... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzhC Open / Comment

2021-11-12 13:16:38 EURUSD: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider short positions from corrections below the level of 1.1610 with a target of 1.1390 – 1.1287. 

Alternative scenario: breakout and consolidation above the level of 1.1610 will allow the pair to continue rising to the levels of 1.1690 – 1.1910. 

Analysis: Daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction continues forming as wave 2 of (3), with wave c of 2 unfolding as part of it. On the H4 chart, the third wave of smaller degree (iii) of c appears to have formed , a local correction finished... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzkc Open / Comment

2021-11-12 12:57:38 USDCHF: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider long positions from corrections above the level of 0.9098 with a target of 0.9368 – 0.9506. 

Alternative scenario: breakout and consolidation below the level of 0.9098 will allow the pair to continue declining to the levels of 0.9016 – 0.8924.

Analysis: a descending first wave of larger degree (1) of 5 is presumably formed on the daily chart. A correction continues developing as the second wave (2) of 5, with waves A of (2) and В of (2) formed and wave С of (2) forming inside. The third wave of smaller degree iii of C has formed,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzxv Open / Comment

2021-11-12 12:46:49 USDCAD: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider long positions from corrections above the level of 1.2382 with a target of 1.2773 – 1.2892. 

Alternative scenario: breakout and consolidation below the level of 1.2382 will allow the pair to continue declining to the levels of 1.2285 – 1.2150.

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. H4 chart: wave 1 of (1) of 5 is formed, and a downward correction is completed as wave 2 of (1) of 5. Apparently,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzGj Open / Comment

2021-11-12 11:09:22 Short-term analysis for oil, gold, and EURUSD for 12.11.2021

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.

Yesterday, a short-term euro downtrend continued.



Oil price forecast for today: USCrude analysis

A short-term oil downtrend continues. The target of the trend is the lower Target Zone 78.48 - 77.97. The correction occurred yesterday. As part of the correction, the price tested the mirror resistance level 81.03 - 80.77. This level was held by sellers. As a result, the price declined at... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYT5a Open / Comment

2021-11-12 10:18:29 Dollar bets on rates. Forecast as of 12.11.2021

The divergence in monetary policies is the most powerful Forex driver. Trade wars, pandemics, and elections come and go, but the monetary policy continues to affect the foreign exchange rates. How do central banks’ interest rates affect the EURUSD? Let us discuss the Forex outlook and make up a trading plan.

Quarterly US dollar fundamental forecast

In the middle of the year, when EURUSD was trading above 1.18, I stated that the price was more likely to go down to 1.14 than to return to 1.22, and many would oppose. At that time, the euro uptrend against the US dollar,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYTF7 Open / Comment

2021-11-12 08:54:21 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.11.2021

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.

All three cryptocurrency pairs covered in the article should be rising in bullish impulse sub-waves of a smaller degree.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the impulse upwave (A), with sub-waves 1-2-3-4 completed inside. The fifth sub-wave is currently unfolding. Corrective horizontal wave 4 of a smaller degree has recently completed as a double three [W]-[X]-[Y] within the upward impulse (5) of [5]. The Bitcoin price should rise in... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYTq8 Open / Comment

2021-11-11 18:29:07 How to have a great time tonight?
-Certainly watch the new videos on the channel!
Top of the best literature for the trader



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2021-11-11 17:37:51 Which stocks to buy in the near future? Michael shares important observations, today he talks about Visa!

Buy Visa shares now: https://my.liteforex.com/ Open / Comment