LiteFinance

2023-04-24 11:22:08 Short-term analysis for oil, gold, and EURUSD for 24.04.2023

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.

EURUSD is trading in the short-term uptrend.



Oil price forecast for today: USCrude analysis

The oil price continues trading in the short-term downtrend on Monday morning. The downside target is the lower Target Zone 74.68 - 73.81. It is relevant to sell on the correction to resistance (A) 79.86 – 79.57 and resistance (В) 81.46 — 81.02.

The first downside target... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3L0wiaE Open / Comment

2023-04-24 10:24:05 Economic calendar for the week 24.04.2023 – 30.04.2023

Review of the main events of the Forex economic calendar for the next trading week (24.04.2023 – 30.04.2023)

Thanks to the surge at the beginning of the week, the DXY dollar index ended it in a positive territory. Whether the dollar will be able to hold on to the levels reached and continue to rise next week after falling for 7 weeks in a row is a big question.

When considering the immediate prospects of the dollar, market participants look at the prospects for the monetary policy of the Fed. Its next meeting will be held at the very beginning... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/41zwvZl Open / Comment

2023-04-24 09:50:07 Is USD still relevant? Forecast as of 24.04.2023

The more investors are confident in the EURUSD rally, the higher the correction risks. However, if the majority were always right, the Sun would still revolve around the Earth. The further fate of the main currency pair will depend on the data and not on the desires of investors. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

What is worse for the greenback, de-dollarization or a dovish Fed reversal? Most professional investors surveyed by MLIV Pulse believe that the USD share in central bank gold reserves will fall below 50% over the next decade. At... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/43VQnYo Open / Comment

2023-04-24 09:33:06 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.04.2023

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.



Elliott wave Bitcoin analysis



The downward movement continues within the initial part of the new corrective wave (B). According to the initial part of this correction, the entire wave may take the shape of a double zigzag. Wave W is currently unfolding as a double zigzag of a smaller wave degree. The actionary wave [Y] will end around 25915.00. At this level wave (C) of [Y] will be 61.8% of... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3Lq6OVA Open / Comment

2023-04-21 17:55:24 Data analysis and conflicting signals, a huge selection of brokers, different trading styles, and many voices constantly shouting about buying and selling, are very frightening for those who don't have the necessary free time to study trading
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At the same time, many were intrigued by the stories of the impressive success in the foreign exchange markets achieved by some traders who made the necessary investments and reaped the benefits.
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In response to tough questions, the brokerage industry has developed a number of alternatives that allow us to delegate control of trading to another party. For example, social trading (copying trades)
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Private traders also did not stand aside and actively offer account management.
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What's the difference between account management and copying trades?
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When working with a manager, there is a risk of losing all investments. You need to be careful when choosing a financial manager that you can trust and who has earned a good reputation in the industry.
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When you give your account to management, you lose the opportunity to learn in the markets through practice and learning. Depriving yourself of analytical thinking is a vital necessity for a trading career.
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Yes, an account manager relieves you of anxiety, but he can also easily mislead you because you will not be very competent to evaluate the manager's trade.
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In general, maintaining control of an account and trading small amounts, and using very low leverage is usually better than giving control of the account to a stranger.
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In social trading, you can choose a trader whose trading style is close to you. You can decide for yourself how much to invest and when to stop it.
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For more information about copying trades, follow the link: https://bit.ly/3H5zTDg Open / Comment

2023-04-21 17:55:24 Open / Comment

2023-04-21 14:27:40 XAUUSD: Elliott wave analysis and forecast for 21.04.23 – 28.04.23

Main scenario: consider long positions above the level of 1927.15 with a target of 2100.00 – 2172.16 after correction.

Alternative scenario: breakout and consolidation below the level of 1927.15 will allow the pair to continue declining to the levels of 1863.57 – 1806.25.

Analysis: on the daily chart, a downside correction presumably finished developing as the fourth wave of larger degree (4), and the fifth wave (5) is forming. Apparently, the first wave of smaller degree 1 of (5) is formed and a local correction is completed as second wave 2 of (5) on the H4 chart. The third wave... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/43QsYHE Open / Comment

2023-04-21 13:52:43 WTI Crude Oil: Elliott wave analysis and forecast for 21.04.23 – 28.04.23

Main scenario: consider long positions above the level of 75.10 with a target of 88.00 – 94.50 once a correction has formed.

Alternative scenario: breakout and consolidation below the level of 75.10 will allow the asset to continue declining to the levels of 73.00 – 70.65.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a descending correction developed as second wave (2). The third wave (3) appears to be developing on the H4 chart, with the first wave of smaller degree i of 1 of (3) forming as its part. On the... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/40AJAAE Open / Comment

2023-04-21 13:35:40 Forint: a new star in Forex. Forecast for USDHUF, USDPLN, and USDCZK for 21.04.2023

Why shouldn't the currencies from Eastern Europe return to where they met with the war? They have already staked a claim: the forint, the koruna, and the zloty made it to the TOP 5 list in Forex since the beginning of the year. How come? Let’s find that out and make a trading plan for USDHUF, USDPLN, and USDCZK.

Monthly fundamental forecast for forint, zloty, and Czech koruna

A recession in the US, the eurozone's economic stability, and China's drastic recovery are perfect factors for emerging market currencies. They no longer worry about dollar debts amid the dollar's weakening, which... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3mQ3Oby Open / Comment

2023-04-21 13:23:43 USDJPY: Elliott wave analysis and forecast for 21.04.2023 – 28.04.2023

Main scenario: consider long positions from corrections above the level of 132.00 with a target of 138.00 – 142.30. 

Alternative scenario: breakout and consolidation below the level of 132.00 will allow the pair to continue declining to the levels of 127.38 – 121.66. 

Analysis: an ascending third wave of larger degree (3) is formed on the daily chart, and a descending correction presumably developed as the fourth wave (4). Apparently, the fifth bullish wave (5) started developing on the H4 chart, with wave 1 of (5) formed and a local correction completed as second wave 2 of (5) inside. The... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3onrrbS Open / Comment