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2021-11-04 10:38:55 Dollar fills in the dots. Forecast as of 04.11.2021

At first glance, the Fed hasn’t told the market anything new, announcing the tapering of the QE. Slight changes in the language of the central bankers have clarified a lot. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

While the ECB shrugs off market signals, the Fed is encouraging them. At a press conference following the November FOMC meeting, Jerome Powell has said it is not the time to raise rates, and the Fed can afford to be patient, as the labour market has not yet fully recovered. At the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1wHg Open / Comment

2021-11-04 10:17:12 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.11.2021

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.



Elliott wave Bitcoin analysis



The BTCUSD market continues forming corrective wave 4 as a double three [W]-[X]-[Y]. Correction 4 has started after bullish impulse 3 completed. Sub-waves [W] and [X] have completed as double zigzags within wave 4. Next, the market has started declining in the bearish wave [Y], which should be developing for some time. Therefore, one could enter short trades at the current levels with a target at 56638.00.

Trading... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1w0X Open / Comment

2021-11-03 16:17:10 You can trade Forex round the clock, at any time when it is convenient for you. The Forex market operates 24 hours a day from Monday till Friday.
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0:00-9:00 UTC – Asian trading session
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07:00-16:00 UTC – European trading session
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13:30-22:30 UTC – American trading session
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The volume of transactions usually increases during the crossover of several trading sessions: from 7:00 UTC to 9:00 UTC and from 12:30 UTC to 16:00 UTC, when Asians close intraday positions, and Europeans, on the contrary, enter the market.
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The same is true for the crossover of European late afternoon and New York morning trading hours is normally the most active.
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According to BIS Research, London is the major trading centre. In 2019, it accounted for 43% of all Forex trader activity. The capital of the UK is the centre of the European session where EURUSD, GBPUSD, USDCHF, EURGBP, and EURCHF are mostly traded.
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The second-largest trading centre is New York, the share of which in the total volume of Forex transactions is 17%. Other trading centres are Singapore (7.3%), Hong Kong (6.7%), and Tokyo (6.1%). Americans prefer to trade the Euro Dollar, USDCAD, and other dollar pairs. The Asian trading session has its favourites – the USDJPY currency pair, as well as AUDUSD, AUDJPY, NZDUSD, NZDJPY, and others.
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What is the best time to trade? If you are not going to invest a billion dollars in one trade, liquidity is not a problem. Increased volatility is observed during the crossovers of trading sessions. At that time, the news is actively published. In general, it all depends on the EUR/USD investing strategy that you apply.

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2021-11-03 16:17:10 Open / Comment

2021-11-03 14:48:26 SPOT GOLD: $1756/1721 or $1808/1818 today?

Today Gold price achieved D1 SMA 50 (1778) after crashing from H4 SMA 50. 1756/1721 and 1808-1818/1832 levels are the next major Support and Resistance zone. Tapering related statements can push gold up or down $45-90. All three major equity indexes in the US hit new record highs on Tuesday and GOLD once again made a failed attempt to achieve $1800 mark and crashed back from $1796 Resistance zone to $1778 Support zone today morning.

The FOMC meeting for November began yesterday and will conclude today. Most importantly, it will be the statement and following press conference by Chairman Powell... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j12Z9 Open / Comment

2021-11-03 13:57:18 Pitfalls and traps on loonie's way. Forecast as of 03.11.2021

Markets expect the overnight rate to rise by 125 bps in 2022, which, amid a strong oil market, makes one wonder why USDCAD is not falling? Let us discuss the Forex outlook and make up a trading plan.

Weekly Canadian dollar fundamental forecast 

It is hard to be the first. To be the first of the world's leading central banks to raise rates. To be the first to taper QE. However, if a bank decides to take such a step, your currency can strengthen. The Bank of Canada's unexpected tapering of the QE program has surprised investors and allowed the Loonie to confirm... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1HbV Open / Comment

2021-11-03 10:37:13 Dollar is to hit the brake. Forecast as of 03.11.2021

Monetary normalization is often described as the central bank’s hitting the brake. Nonetheless, the continued rally of the US stock indexes raises doubts. Markets want explanations from the Fed. How will this situation affect the EURUSD? Let us discuss the Forex outlook and make up a trading plan.

Fundamental US dollar forecast today

The Fed was a pioneer, having announced its $120-billion-a-month quantitative easing program in the midst of the 2020 recession. The announcement of the QE end, which investors expect at the FOMC November meeting, will be a notification that the mission has been completed. The economy does not... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1HEB Open / Comment

2021-11-03 09:37:21 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.11.2021

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.

The ETHUSD has started forming the final wave in the large triangle.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the final impulse wave () in the larger correction [B]. Sub-waves 1-2-3 have completed in the () wave, and corrective wave 4 is currently developing as a double zigzag [W]-[X]-[Y], which will soon be concluded by the final motive wave [Y]. The [Y] wave should end at a level of 56638.74,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1HfN Open / Comment

2021-11-02 14:40:02 Portfolio Growth! What to pay attention to in the stock market?



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2021-11-02 14:15:50 RBA lost to the market. Forecast as of 02.11.2021

It is generally accepted that markets follow central banks, but the opposite is often the case. A typical example is the refusal of the Reserve Bank of Australia to target bond yields. How will this affect AUDUSD? Let us discuss the Forex outlook and make up a trading plan.

Weekly Australian dollar fundamental forecast

Looking at the recent Forex events, there is a feeling that the markets are testing the strength of the central banks and actively mocking them. Loonie has not been able to capitalize much on the Bank of Canada's unexpected tapering of the QE program. The euro price... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1Ksx Open / Comment