LiteFinance

2021-03-22 11:48:20 Short-term analysis for oil, gold, and EURUSD for 22.03.2021

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 euro is trying to break out the support level of 1.1881 and reverse the short-term trend down.



Oil price forecast for today: USCrude analysis

Traders broke out the Intermediary Zone 60.79 - 60.57 last week. Therefore, at the beginning of this week, expect an oil price rise to the Target Zone 63.28 - 62.83.

Since the opening of trading on Monday, prices have... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/c1Oi Open / Comment

2021-03-22 10:18:34 Euro is sad about lost summer. Forecast as of 22.03.2021

When the basic scenario doesn’t work, forecasts lose their relevance. It was earlier expected that the EU would lift the lockdowns in March. However, the terms are postponed now. How will it affect the euro? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

How resilient is the euro-area economy to new COVID-19 restrictions? This question will be crucial for the EURUSD in the week ending March 26. Slow vaccinations and often inappropriate EU actions undermine investors’ confidence and encourage them to sell the euro. Moreover, lockdowns can turn into another lost... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/c1G3 Open / Comment

2021-03-22 09:07:14 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.03.2021

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 Ethereum are forming final impulse sub-waves in the downward zigzags. Therefore, the prices should be declining in the near future.



Elliott wave Bitcoin analysis



Like in the previous trading week, the BTCUSD is developing the upward impulse wave 5, with the bullish impulse [3] recently completed inside. There is now forming the bearish correction [4], composed of three major sub-waves (A)-(B)-(C). The price should be declining in the final sub-wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/c1T6 Open / Comment

2021-03-21 15:38:19 Economic calendar for the week 22.03.2021 – 28.03.2021

Review of the main events of the Forex economic calendar for the next trading week (22.03.2021 – 28.03.2021)

Trading on key Forex news: next week we are expecting the publication of important macro statistics from the UK, Germany, the Eurozone, the United States, as well as the results of the meetings of the central banks of China and Switzerland.

The yield on 10-year US government bonds this week reached a new 14-month high of 1.751%. Following the meeting that ended last Wednesday, the Fed leaders did not change the parameters of monetary policy, signaling that the interest rate will remain... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cTw4 Open / Comment

2021-03-19 18:48:37 Social trading allows clients to not only copy other traders' trades and earn from them, but also read newsfeeds, share your own materials for a fee and provide trades for copying
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Try social trading now, don't waste your time! Open / Comment

2021-03-19 18:48:37 Open / Comment

2021-03-19 15:08:10 XAUUSD: Elliott wave analysis and forecast for 19.03.2021 – 26.03.2021

Main scenario: consider short positions from corrections below the level of 1755.42 with a target of 1675.33 – 1620.09.

Alternative scenario: breakout and consolidation above the level of 1755.42 will allow the pair to continue rising to the levels of 1799.64 – 1875.25.

Analysis: Daily time frame: presumably, the ascending third wave of larger degree (3) formed, and a descending correction continues developing as wave (4). Apparently, wave C of (4) is developing on the 4H time frame, with wave iii of C formed inside. A local correction appears to have developed as wave iv of C on the H1... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QbuL Open / Comment

2021-03-19 14:46:58 USDJPY: Elliott wave analysis and forecast for 19.03.2021 – 26.03.2021

Main scenario: consider long positions from corrections above the level of 107.09 with a target of 111.72 – 114.00.

Alternative scenario: breakout and consolidation below the level of 107.09 will allow the pair to continue declining to the levels of 104.91 – 103.29.

Analysis: Daily TM: apparently, a descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside.

On the H4 time frame, the third wave of smaller degree 3 of (1) is developing, with wave iii of 3 forming inside. Apparently, wave (i) of iii... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QbAj Open / Comment

2021-03-19 14:15:56 GBPUSD: Elliott wave analysis and forecast for 19.03.2021 – 26.03.2021

Main scenario: consider short positions from corrections below the level of 1.4240 with a target of 1.3552 – 1.3158.

Alternative scenario: breakout and consolidation above the level of 1.4240 will allow the pair to continue rising to the levels of 1.4400 – 1.4550.

Analysis: Daily time frame: presumably, the first wave of larger degree (1) finished developing, with wave 5 of (1) formed inside. A downward correction started developing as wave (2) on the H4 time frame, with wave A of (2) forming inside. Apparently, the first counter-trend wave of smaller degree i of A formed, a correction developed as... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QbRR Open / Comment

2021-03-19 14:08:15 EURUSD: Elliott wave analysis and forecast for 19.03.2021 – 26.03.2021

Main scenario: consider short positions from corrections below the level of 1.2234 with a target of 1.1691 – 1.1489.

Alternative scenario: breakout and consolidation above the level of 1.2234 will allow the pair to continue rising to the levels of 1.2347 – 1.2500.

Analysis: Presumably, the first wave of larger degree 1 of (3) finished developing on the daily time frame, with wave v of 1 formed inside. Apparently, a downside correction is developing as wave 2 of (3) on the H4 time frame, with wave a of 2 forming inside. On the H1 time frame, presumably, wave (b) of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qb4t Open / Comment