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2021-04-09 12:57:11 USD/CHF: Elliott wave analysis and forecast for 09.04.21 – 16.04.21

Main scenario: long positions will be relevant above the level of 0.9150 with a target of 0.9505 – 0.9590.

Alternative scenario: breakout and consolidation below the level of 0.9150 will allow the pair to continue declining to the levels of 0.9073 – 0.8873.

Analysis: Presumably, the descending first wave of larger degree (1) of 5 finished developing on the daily time frame, with wave 5 of (1) formed inside. An ascending correction started developing as wave (2) on the H4 time frame, with wave A of (2) forming inside. On the H1 time frame, apparently, the third wave of smaller... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFci Open / Comment

2021-04-09 12:57:01 EUR/USD: Elliott wave analysis and forecast for 09.04.21 – 16.04.21

Main scenario: consider long positions from corrections above the level of 1.1704 with a target of 1.2024 – 1.2104.

Alternative scenario: breakout and consolidation below the level of 1.1704 will allow the pair to continue falling to the levels of 1.1600 – 1.1489.

Analysis: Daily time frame: presumably, the first wave of larger degree 1 of (3) has formed, and a downside correction is forming as wave 2 of (3). Apparently, wave a of 2 is developing on the H4 time frame with wave (c) of a forming inside. On the H1 time frame, presumably, wave (b) of 2 started... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFcN Open / Comment

2021-04-09 12:39:48 GBPUSD: Elliott wave analysis and forecast for 09.04.21 – 16.04.21

Main scenario: consider short positions from corrections below the level of 1.3917 with a target of 1.3572 – 1.3158.

Alternative scenario: breakout and consolidation above the level of 1.3917 will allow the pair to continue rising to the levels of 1.4021 – 1.4237.

Analysis: Presumably, the first wave of larger degree (1) finished developing, with wave 5 of (1) formed inside, in the daily timeframe. A downward correction started developing as wave (2) in the H4 time frame, with wave A of (2) forming inside. Apparently, the fifth wave of smaller degree v of A is forming in the H1... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFMi Open / Comment

2021-04-09 12:25:46 USDJPY: Elliott wave analysis and forecast for 09.04.21 – 16.04.21

Main scenario: consider short positions from corrections below the level of 110.94 with a target of 107.71 – 106.75.

Alternative scenario: breakout and consolidation above the level of 110.94 will allow the pair to continue rising to the levels of 112.50 – 114.00.

Analysis: The descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside, in the daily timeframe. In the H4 timeframe, there is developing the third wave of a smaller degree 3 of (1), with wave i of 3 unfolding inside. Apparently, the descending... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFW2 Open / Comment

2021-04-09 12:16:15 XAUUSD: Elliott wave analysis and forecast for 09.04.2021 – 16.04.2021

Main scenario: consider long positions from corrections above the level of 1676.88 with a target of 1817.95 – 1851.32.

Alternative scenario: breakout and consolidation below the level of 1676.88 will allow the pair to continue declining to the levels of 1650.00 – 1620.09.

Analysis: The ascending third wave (3) of a larger degree formed and, presumably, the descending correction has formed as wave (4) in a daily timeframe. Wave С of (4) seems to have finished in the four-hour timeframe, with wave v of C completed inside. Presumably, the fifth wave (5) has started developing in the hourly timeframe, with... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFLB Open / Comment

2021-04-09 11:25:14 Short-term analysis for oil, gold, and EURUSD for 09.04.2021

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.

An important event regarding gold happened yesterday. The March high was updated around level 1755.



Oil price forecast for today: USCrude analysis

Yesterday, the oil session was again without changes. The oil is still trading in a short-term downtrend. The trend's target is to test the Target Zone 57.13 - 56.62. According to the previous analysis, the best scenario for work today... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFuq Open / Comment

2021-04-09 10:29:35 Euro buys the rumor. Forecasts as of 09.04.2021

The euro should have sunk amid the growing number of infections in Europe, confusion with the vaccines, lockdowns, and double-dip recession. However, the EURUSD is rising steadily. What are the reasons? Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast  

Do not play against the Fed. This truth is as old as the world, but it is still relevant. In March, financial markets tested the US central bank for strength, pushing up the yield on US Treasuries. Having made sure that Jerome Powell and his fellow central bankers remain calm, investors took a... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFR5 Open / Comment

2021-04-09 09:17:28 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.04.2021

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.

All three cryptocurrencies covered in the article should be soon rising in impulse waves.



Elliott wave Bitcoin analysis



The BTCUSD market is forming the impulse wave [5], with wave 5, composed of sub-waves [1]-[2]-[3]-[4]-[5] of a smaller degree, developing inside. The market must have completed the corrective down wave [4] as a simple zigzag (A)-(B)-(C). Therefore, the price should be rising in sub-wave [5] of a smaller degree towards the level of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFeY Open / Comment

2021-04-08 18:54:14 Hey boy get away from my car!

Check your account: http://my.liteforex.com/ Open / Comment

2021-04-08 15:38:35 Pound: haste would make waste. Forecast as of 08.04.2021

Sterling buyers are losing patience. Speculators added up to the biggest net longs on the British pound among the G10 currencies, and as soon as the bad news was published, they rushed to get rid of them. Let us discuss the Forex outlook and make up a trading plan for GBPUSD

Fundamental pound forecast for nine months

Hardly had the pound bulls smelled the trouble when the GBPUSD crashed to the bottom of figure 37 and the EURGBP performed the best daily rally since 2021. The UK changed its guidance on using the Oxford/AstraZeneca vaccine, recommending people aged 18-29 years alternative drugs after the European... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/c23G Open / Comment