LiteFinance

2021-10-28 10:16:04 Which party is euro to choose? Forecast as of 28.10.2021

October marked a split among the members of central banks. Some lawmakers adhere to the mantra about the temporary nature of inflation, others consider high prices to be a longer-term factor. Which party does the ECB belong to? How will this affect EURUSD? Let us discuss the Forex outlook and make up a trading plan.

Fundamental euro forecast for today

For the first time in a long time, foreign exchange rates depend on interest rates as central banks begin to signal monetary policy normalization. At the same time, the split in the central bankers' opinions is well traced. Some officials... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1Syg Open / Comment

2021-10-28 08:36:26 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.10.2021

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.

Ripple and Ethereum haven’t completed corrective waves, so the prices could continue declining. Next, the cryptocurrency pairs will start rising.



Elliott wave Bitcoin analysis



Bitcoin is developing the final wave in the large zigzag-shaped correction [B], impulse wave (C). The (C) wave is composed of five sub-waves marked with red letters 1-2-3-4-5. Correction 4 is currently unfolding as a simple zigzag [A]-[B]-[C]. Impulse [A] has finished, correction [B] could finish at a... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1SZE Open / Comment

2021-10-27 16:30:25 How to Invest EUR/USD

Examples here refer to day trading, but the strategies will work in intraday trading as well
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Moving Average Crossovers
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Moving Averages are a simple and efficient tool for trading Forex. When the MAs frequently cross the EURUSD chart, it means consolidation. Otherwise, if the MAs rarely meet with the price chart, it signals a clear trend. During such a period, there is an opportunity to trade EUR/USD on the continuation of the ongoing trend.
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Rules to buy the EURUSD:
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- The trend is up.
- The price chart crosses the 14-day moving average downside.
- The breakout bar or candlestick closes above the EMA-14.
- Set a buy order at the high of the breakout bar.
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Rules to sell the EURUSD:
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-The trend is down.
- The price chart crosses the 14-day moving average upside.
- The breakout bar closes below the EMA-14.
- The sell price is at the low of the breakout bar.
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Pullback and Breakout
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Traders often say that the market is boring when it is trading flat (consolidation). In fact, one should pay much attention to the Forex market when there is not a huge range of price fluctuations. Experienced traders know that big traders (funds, institutional investors) get in the game when the market seems to be trading flat and there is little trading activity. As a result, there emerges a general trend.
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Conditions to buy the EURUSD:
- Consolidation (sideways trend).
- Price tests the channel’s upper border and rolls back.
- Price retests the upper level after 2-5 bars and closes above the upper border of the consolidation range.
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Enter a long at the breakout level or at the level of the breakout bar’s close.
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Conditions to sell the EURUSD:
- Consolidation.
- Price tests the lower border of the channel and rolls back.
- Price retests the lower level after 2-5 bars and closes below the lower border of the consolidation range.
- Enter a short at the breakout level or at the level of the breakout bar’s close.

Try this strategy right now: http://amp.gs/j1rIc Open / Comment

2021-10-27 16:30:25 Open / Comment

2021-10-27 14:17:43 Pound has gone too far. Forecast as of 27.10.2021

If the market does not move in the direction expected, it is more likely to move in the opposite direction. The inability of the GBPUSD bulls to consolidate the price above 1.379 is a sign of their weakness and a reason for entering sales. Let us discuss the market outlook and make up a trading plan.

Weekly pound fundamental forecast

The previous head of the Bank of England, Mark Carney, was called unreliable and was accused of misleading the markets about future rate changes. However, Andrew Bailey can easily surpass him. According to HSBC, the current head of the BoE will be among those... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1ONw Open / Comment

2021-10-27 11:09:26 Short-term analysis for oil, gold, and EURUSD for 27.10.2021

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.

Oil continues to correct within the short-term uptrend.



Oil price forecast for today: USCrude analysis

Oil continues to correct within the short-term uptrend. The target of the correction is the Intermediary Zone 82.41 - 82 16. After reaching the IZ, set a take profit and search for purchases. To enter purchases, a pattern in the Intermediary Zone is required. The target for purchases will be the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1OTZ Open / Comment

2021-10-27 10:38:39 Euro wants to wait and see. Forecast as of 27.10.2021

The EURUSD is naturally consolidating ahead of the important event. The price cannot go outside the trading range of 1.16-1.166. What's next? Let us discuss the Forex outlook and make up a trading plan.

Fundamental euro forecast for today

There is too much uncertainty in the market to define the EURUSD further trend. I wouldn't enter the market at least until October 28, when Christine Lagarde will try to convince investors of the ECB's unwillingness to raise the interest rate in 2022 or 2023. A little later, the US GDP data for the third quarter will be released. Despite the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1d65 Open / Comment

2021-10-27 08:59:04 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.10.2021

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.

Ripple should soon finish a short correction, which will be followed by an impulse upwave.



Elliott wave Bitcoin analysis



The hourly BTCUSD price chart displays the third wave of the large upward correction [B], the impulse wave (C). The (C) wave is composed of five sub-waves marked with red letters 1-2-3-4-5. Correction 4 is currently unfolding as a simple zigzag [A]-[B]-[C]. Impulse [A] has finished, correction [B] could finish at a level... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1dK9 Open / Comment

2021-10-26 18:38:23 Switch to winter time in Europe and the USA in 2021

Dear сlients,

Please be informed that Europe switches to the winter time on 31 October 2021. Therefore, the trading hours for all instruments on the list below shift 1 hour back compared to their regular trading hours until 7 November 2021 when the USA switch to winter time.

Forex

Open from 00:00 of Monday till 23:00 of Friday

Metals

Open on Mon.-Fri. from 00:00 till 23:00

ASX200

Open on Mon.-Fri. from 00:50 till 07:30 and from 08:10 till 22:00

HK50

Open on Mon.-Fri. from 03:15 till 06:00, and from 07:00 till 10:30, and from 11:15 till 19:00

NI225

Open from... Read more here: http://amp.gs/j1UQB Open / Comment

2021-10-26 16:41:03 The most useful video of the week is already on the channel! Hurry up and watch it first!



Open / Comment