LiteFinance

2023-04-21 12:54:41 GBPUSD: Elliott wave analysis and forecast for 21.04.2023 – 28.04.2023

Main scenario: consider long positions from corrections above the level of 1.2336 with a target of 1.2700 – 1.3050.

Alternative scenario: breakout and consolidation below the level of 1.2336 will allow the pair to continue declining to the levels of 1.2182 – 1.2003.

Analysis: the fifth wave of larger degree V presumably finished developing on the daily chart, with wave 5 of V formed as its part. The first bullish wave (1) is complete on the H4 chart. A bearish correction finished developing as the second wave (2), and the third wave (3) started unfolding, with the first wave of... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3N1Acm8 Open / Comment

2023-04-21 12:25:40 EURUSD: Elliott wave analysis and forecast for 21.04.23 – 28.04.23

Main scenario: consider long positions from corrections above the level of 1.0905 with a target of 1.1300 – 1.1500.

Alternative scenario: breakout and consolidation below the level of 1.0905 will allow the pair to continue declining to the levels of 1.0784 – 1.0715.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart, with the fifth wave (5) of А formed as its part. A bullish wave B started developing. On the H4 chart, apparently, the first wave of smaller degree 1 of (A) of B finished forming, and a downside correction is completed as... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3MX5qel Open / Comment

2023-04-21 11:56:42 USDCHF: Elliott wave analysis and forecast for 21.04.2023 – 28.04.2023

Main scenario: consider short positions from corrections below the level of 0.9110 with a target of 0.8704 – 0.8520.

Alternative scenario: breakout and consolidation above the level of 0.9110 will allow the pair to continue rising to the levels of 0.9340 – 0.9443.

Analysis: an ascending correction of larger degree is formed as the fourth wave (4) on the daily chart. A bearish fifth wave (5) started unfolding. The first wave of smaller degree 1 of (5) is presumably developing on the H4 chart, with wave iii of 1 forming inside. On the H1 chart, apparently, wave (iii) of iii... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3AjxxwC Open / Comment

2023-04-21 11:39:49 USDCAD: Elliott wave analysis and forecast for 21.04.2023 – 28.04.2023

Main scenario: consider short positions from corrections below the level of 1.3553 with a target of 1.3194 – 1.3006. 

Alternative scenario: breakout and consolidation above the level of 1.3553 will allow the pair to continue rising to the levels of 1.3858 – 1.4054.

Analysis: the fifth wave of larger degree 5 is presumably developing on the daily chart, with wave (3) of 5 forming as its part. The third wave 3 of (3) looks complete on the H4 chart, and a correction is now developing as the fourth wave 4 of (3). Apparently, wave с of 4 is developing on... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3N1gYgs Open / Comment

2023-04-21 10:35:44 Short-term analysis for oil, gold, and EURUSD for 21.04.2023

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.

The oil price broke out support (B) 79.03 – 78.60 yesterday.



Oil price forecast for today: USCrude analysis

The oil price broke out support (B) 79.03 – 78.60 yesterday. The short-term trend turned down. The downside target is the lower Target Zone 74.68 – 73.81. It is relevant to enter new sell trades on the correction at resistance (A) 80.11 –... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3AgbnLF Open / Comment

2023-04-21 10:18:56 Euro: at finish line. Forecast as of 21.04.2023

The recession is about to hit the US, which is bad for the USD. However, when Christine Lagarde surprises the markets with statements that the monetary restriction will soon end, EURUSD begins to weaken. Let's discuss this topic and make up a trading plan.

Daily Euro fundamental forecast

If the US leads the world into a recession, demand for the dollar will fall. Deteriorating macroeconomic data, disappointing corporate reporting, and the first increase in emergency Fed lending in the last five weeks convince us that a recession is a matter of time. If so, then the future of EURUSD bears is gloomy.

Dynamics of emergency... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3L2Pyoa Open / Comment

2023-04-21 10:06:44 Golden Cross Trading Pattern - What Is It & How Does It Work?

There are numerous methods of trading in financial markets. One of the most popular trading techniques is the technical analysis of chart patterns. This article will explain in detail how to trade the Golden Cross pattern.

How to trade a golden cross pattern in a bull market, and what do moving averages have to do with it? How to read the golden cross signals? This article will answer these and many other questions.



What Is a Golden Cross?

The golden cross pattern is a chart pattern in which the short-term moving average crosses the long-term MA from the bottom up.... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/43UPjnt Open / Comment

2023-04-21 07:43:17 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.04.2023

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



Bitcoin is falling as part of the initial part of a new corrective wave (B). Judging by the initial part of this correction, the whole wave may take the shape of a double zigzag. Wave W is unfolding. Its structure is similar to a double zigzag of a smaller wave degree. The actionary wave [Y] will end near the level of 27453.58, where it will be... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3LfFMiD Open / Comment

2023-04-20 17:54:04 High Volatility Stocks Today

In the first three months of 2023, high-volatility stocks could generate more than 25-50% returns for investors. For example, SoundHound's stock has returned over 280% during the above mentioned period. Some blue chips grew a little slower (by 20-25%). But even these profitability indicators turned out to be higher than the S&P 500's return, which grew only by 10-12% during this time.

If traders know how to calculate the volatility of stocks relative to an investment portfolio or indices, then they can rebalance the portfolio, reverse the position, increase volumes or close trades.

This article will help you find answers... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3KTxFbh Open / Comment

2023-04-20 16:58:23 LiteFinance wishes you a Happy Eid al-Fitr!

Dear Clients,

The LiteFinance team congratulates Muslims around the world on Eid al-Fitr and the end of the holy month of Ramadan! May the joy and love that filled your hearts on the bright day of Eid al-Fitr remain with you for the whole year. We wish you and your loved ones happiness and prosperity!

Best regards,

LiteFinance. Read more https://bit.ly/3AlN9Q9 Open / Comment