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2021-10-29 13:56:27 GBPUSD: Elliott wave analysis and forecast for 29.10.21 – 05.11.21

Main scenario: consider short positions from corrections below the level of 1.3909 with a target of 1.3400 – 1.3157.

Alternative scenario: breakout and consolidation above the level of 1.3909 will allow the pair to continue rising to the levels of 1.4050 – 1.4241.

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. On the H1 chart, the third wave of smaller degree iii of C appears to have formed,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1qgX Open / Comment

2021-10-29 13:34:52 EURUSD: Elliott wave analysis and forecast for 29.10.21 – 05.11.21

Main scenario: consider short positions from corrections below the level of 1.1909 with a target of 1.1488 – 1.1287.

Alternative scenario: breakout and consolidation above the level of 1.1909 will allow the pair to continue rising to the levels of 1.2090 – 1.2269.

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. Apparently, the third wave of smaller degree (iii) of c is completed, and a local correction continues developing as wave (iv) of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1qhE Open / Comment

2021-10-29 13:16:33 USDCHF: Elliott wave analysis and forecast for 29.10.21 – 05.11.21

Main scenario: consider short positions from corrections below the level of 0.9271 with a target of 0.8924 – 0.8766. 

Alternative scenario: breakout and consolidation above the level of 0.9271 will allow the pair to continue rising to the levels of 0.9368 – 0.9506.

Analysis: Daily chart: apparently, the first wave of larger degree (1) of 5 is formed, a correction is completed as the second wave (2) of 5, and the third wave (3) of 5 has started developing, with wave 1 of (3) formed inside. On the H4 chart, a local correction has formed as the second wave 2... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1qe5 Open / Comment

2021-10-29 12:54:52 USDCAD: Elliott wave analysis and forecast for 29.10.21 – 05.11.21

Main scenario: consider short positions from corrections below the level of 1.2438 with a target of 1.2250 – 1.2150. 

Alternative scenario: breakout and consolidation above the level of 1.2438 will allow the pair to continue rising to the levels of 1.2647 – 1.2773.

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 wave 5 unfolding inside. H4 chart: wave 1 of (1) of 5 is formed, and a downward correction is developing as wave 2 of (1) of 5, with wave c... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1qxo Open / Comment

2021-10-29 11:08:56 Short-term analysis for oil, gold, and EURUSD for 29.10.2021

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 development of a short-term oil downtrend continues.



Oil price forecast for today: USCrude analysis

The development of a short-term oil downtrend continues. Yesterday, prices entered the zone of good sell prices 82.91 - 81.38. Look for a sell pattern in the beforementioned zone with the first target around level 80.27. The main target for sales is the lower Target Zone 79.86 -... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1Acp Open / Comment

2021-10-29 10:25:08 ECB failed to persuade euro. Forecast as of 29.10.2021

Christine Lagarde’s dovish tone was not enough to discourage the EURUSD bulls. Will the euro rally continue? Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

Markets need the attention of central banks. If they don’t get enough attention, they will punish regulators. At one of the first press conferences since taking office as the ECB president, Christine Lagarde said that the European regulator should not be engaged in narrowing spreads in the regional bond market; she was immediately punished and later was forced to make excuses. In late October, Lagarde noted that... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1ALk Open / Comment

2021-10-29 08:44:32 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.10.2021

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 and Ethereum have completed corrective waves. The price should soon be rising in impulse waves.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the bullish impulse 1-2-3-4-5, where the first three sub-waves have finished; the bearish correction 4 looks also completed as a simple zigzag [A]-[B]-[C], where [A] and [C] are impulses and sub-wave [B] is a zigzag-shaped correction. Therefore, the price should be rising in the final, fifth, sub-waves... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1AqB Open / Comment

2021-10-28 18:22:35 Admit it, who had this with Bitcoin?

Check your trading account: http://amp.gs/j1N0i Open / Comment

2021-10-28 13:58:03 Forex in November: what surprises have the central banks prepared? Forecast for GBPUSD, GBPCHF, USDCAD, USDNOK, AUDJPY and NZDJPY as of 28.10.2021

Faster normalization of the Fed's monetary policy than the markets expect, as well as strong US employment data, will bring interest back to the US dollar. However, other central banks may surprise traders. Let's discuss the Forex outlook and make up a trading plan for GBPUSD, GBPCHF, USDCAD, USDNOK, AUDJPY and NZDJPY.

Monthly G10 currencies fundamental forecast

Expectations of monetary policy normalization and the return of financial markets to normal in October paid off handsomely. Supported by rising US Treasury yields and increased global risk appetite, AUDJPY and NZDJPY purchases yielded 6.4% and 6.1%, respectively. AUDCAD price rose by 1.65%. 14% to the deposit for the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1ScQ Open / Comment

2021-10-28 11:18:16 Short-term analysis for oil, gold, and EURUSD for 28.10.2021

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 gold price hasn't broken out key support of the short-term uptrend.



Oil price forecast for today: USCrude analysis

Yesterday, the short-term oil trend reversed down after breaking out the Intermediary Zone 82.42 - 82.16. As a result, level 81.13 was broken out. The target for sales is now the lower Target Zone 79.86 - 79.35.

At the moment, oil is trading in... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1SOY Open / Comment