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2021-04-23 11:15:51 Short-term analysis for oil, gold, and EURUSD for 23.04.2021

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 short-term euro uptrend continues. Traders are trying to break out the Target Zone 1.2040 - 1.2024.



Oil price forecast for today: USCrude analysis

At the moment, oil is trading in a short-term downtrend with the target at level 60.75. A breakout of level 60.75 will mean a further price fall to the Target Zone 59.25 - 58.74.

As part of the oil correction,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6yHk Open / Comment

2021-04-23 10:19:03 Euro lands on solid ground. Forecast as of 23.04.2021

Unlike the euro-area economy, which has not yet recovered after the pandemic, the euro seems to have stabilized. Markets are rising on the expectations, which affects the EURUSD. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

Christine Lagarde’s willingness to keep interest rates and coronavirus stimulus unchanged made the EURUSD bulls step back but didn’t discourage them from buying the euro. The price drop to the bottom of figure 20 is immediately bought out, which signals a dramatic change in investor sentiment compared to March. Although ECB insists that the euro-area economy... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6yrS Open / Comment

2021-04-23 09:08:43 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.04.2021

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 Ripple must have completed linking waves, so there should be unfolding motive waves. Ripple has just started developing a bullish impulse.



Elliott wave Bitcoin analysis



In the most recent chart section, there is developing a descending double zigzag W-X-Y. Wave W completed as a double zigzag, and the triangle linking wave X, composed of the sub-waves [A]-[B]-[C]-[D]-[E], also completed. There must be forming the bearish motive wave Y, which could... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6yPH Open / Comment

2021-04-22 15:55:03 The first table shows the calculation of the required collateral and deposit change for leverages with a classic lot of 100,000 USD.
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Suppose that we are ready to start trading with a deposit of 1000 USD, with an acceptable risk per trade of 1% to the balance and an acceptable position drawdown of 1% with maximum portfolio diversification
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Now we will calculate the maximum size of positions that we can open and the risk per trade, subject to the above rules.
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In the table above, we see that with such risk management requirements, the optimal leverage on Forex is 100:1, since in this case we will be able to open 100 positions at once that meet our risk management rule, or several positions with a minimum risk.
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From this example, it is obvious that for trading with a lower leverage, you need to increase your deposit so that you can actively trade with the required level of diversification.
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You may say that this is a contradiction How does trading with a large leverage reduce risks? In fact, there is no contradiction. Liquidation risks do go down with higher leverage, provided that trading volumes remain the same.
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All the disadvantages high leverage we told of above relate to the psychology of a trader and violation of money management rules, which is why it is so important to work on your trading strategy and discipline in trading.
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Then the high leverage will not be a problem and will not lead to losing the deposit.

More useful content: http://amp.gs/67F5 Open / Comment

2021-04-22 15:55:02 Open / Comment

2021-04-22 15:34:57 Pound reaches endgame. Forecast as of 22.04.2021

The fight against the pandemic in the UK is not over, but the end is close. This fact allows consumers, manufacturers and service providers to be optimistic about the future, and GBPUSD price to show growth. Let us discuss the Forex outlook and make up a trading plan

Monthly pound fundamental forecast

As Israel is expected to defeat COVID-19 soon, the UK is quickly catching up. While a record number of COVID-19 cases in the world per week was recently recorded (5.2 million people), the number of infections in the UK has been steadily declining, with death rate falling to the lowest... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/672I Open / Comment

2021-04-22 10:16:07 Euro throws out a feeler. Forecast as of 22.04.2021

The ECB hawks express discontent with the ultra-easy monetary policy, and investors are worried that Christine Lagarde's departure from the dovish rhetoric will cause panic among the EURUSD bears. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

Central banks do not act in isolation, they follow general trends. The trend is usually determined by the Fed. However, if the Fed is willing to remain passive and allow the US economy to overheat, why shouldn’t another central bank go ahead? The Bank of Canada's optimism about the prospects for domestic GDP, its hints about... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6euG Open / Comment

2021-04-22 08:46:03 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.04.2021

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 is forming a skewed triangle. Therefore, after the triangle completes, the price will resume declining.



Elliott wave Bitcoin analysis



The BTCUSD market is forming a descending double zigzag W-X-Y. Wave X seems to be unfolding as a triangle. There have finished the sub-waves [A]-[B]-[C]-[D], so the price should start rising soon in the final sub-wave [E] to a level of 57300.00. At this level, the X wave will reach the 50%... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6e9E Open / Comment

2021-04-21 14:27:40 Forex rebate: reduce your spread costs

What is Forex rebate, and why does a trader need a rebate service? How can you reduce your spread costs?  

Rebate is similar to the cashback option. It allows a trader to compensate for a part of the trading costs. In general terms, it works like this. A trader registers for free on the rebate service website, follows the affiliate link to the broker's website, opens an account, trades, and pays the spread (markup) to the broker/market.

The broker shares a part of the commission (spread/markup) received from the trader to the rebate service for the clients it attracted.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6CwL Open / Comment

2021-04-21 14:10:13 Oil is on a lucky streak. Forecast as of 21.04.2021

Despite outbreaks of the pandemic in some parts of the world, the growing global demand should allow the Brent and the WTI oil prices to reach new highs. In such a situation, the main thing is not to miss the entry point to the position. Let us discuss the Forex outlook and make up a trading plan

Quarterly oil fundamental forecast

The oil market got a deja vu. COVID-19 cases are on the rise, with India's daily coronavirus deaths hitting all-time highs, New Delhi imposing new restrictions while refineries are closing, threatening to push the country's oil demand down to their lowest... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6C3e Open / Comment