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2021-03-04 11:26:44 Short-term analysis for oil, gold, and EURUSD for 04.03.2021

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.

On Thursday morning, the oil short-term downtrend continues. Yesterday, the price corrected up to the trend border [61.64 - 61.42].



Oil price forecast for today: USCrude analysis

On Thursday morning, the oil short-term downtrend continues. Yesterday, the price corrected up to the trend border [61.64 - 61.42]. These levels haven't been broken out. Today the bulls are trying to break out the resistance again, but so... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QvBa Open / Comment

2021-03-04 11:13:22 The Relative Strength Index (RSI) was developed by J. Welles Wilder, the author of another standard indicator for МТ4 and МТ5, the ATR indicator.
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What does relative strength index mean?
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According to the RSI definition, it is a momentum oscillator that measures the velocity and magnitude of price movements. It is a dynamic line moving in the scale from 0 to 100. The indicator compares the closing prices of the current and the previous candlesticks, indicating the trend strength.
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How to read the RSI indicator?
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The relative strength index charts work as follows:
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The stronger is the relative price movement up, the greater is the total value of rising candlesticks, and the stronger is the uptrend. The oscillator line is close to value 100.
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The stronger is the relative price movement down, the greater is the total value of descending candlesticks. So, the stronger is the downtrend, the closer the oscillator line to 0.
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The oscillator is displayed in a separate window under the trading chart.
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Horizontal dotted lines are signal lines, whose parameters are specified in the settings. The values of 30 and 70 are by default; the levels scale is on the right of the chart.
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The overbought zone is between levels 70 and 100.
The oversold zone is between the levels of 30 and 0.
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These zones are strong as the trend and the oscillator are the most likely to reverse.
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If the trend is clear, the levels of the borders of the range can be moved to 20 and 80. Levels 30 and 70 are used if the trend is weak, or the market is trading flat. The longer is the distance between the signal levels, the less frequent are signals. On the other hand, the signals are more accurate in this case.
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You can employ the indicator in any market. It is equally efficient in the Forex trading charts, in the securities or stock markets.

More useful content: http://amp.gs/Qvmw Open / Comment

2021-03-04 11:13:14 Open / Comment

2021-03-04 10:38:33 Dollar teases Fed. Forecast as of 04.03.2021

The bond market and the US dollar continue to test the Fed’s patience. The rule ‘do not go against the Fed’ is still relevant, but the market has become stronger. How will the confrontation end? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

The turmoil in the stock market caused by the US Treasury yield growth is something that we will have to get used to. The problem is that the current generation of investors is simply not ready for shocks. They have never seen a real bear market in... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qv85 Open / Comment

2021-03-04 09:04:57 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.03.2021

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.

There are forming bullish double zigzags at the most recent chart sections of the three cryptocurrency pairs covered in the article. Let us examine the market situation for each pair in more detail.



Elliott wave Bitcoin analysis



At the time of writing, the BTCUSD market is forming the upward linking wave [X], which is an element of the descending double zigzag [W]-[X]-[Y]. The [X] wave is also unfolding as a double combination... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QhFf Open / Comment

2021-03-03 19:45:38 I was the same as a child

Don't cry, earn money: http://amp.gs/Qyci Open / Comment

2021-03-03 15:28:09 Pound tames the tiger. Forecast as of 03.03.2021

Massive monetary stimulus from central banks has contributed to the cages' opening and the release of the tigers - inflation and bond yields. Taming them can be more difficult than expected. How will this turn out for GBPUSD? Let us discuss the Forex outlook and make up a trading plan.

Weekly pound fundamental forecast

Everyone chooses their own path. Unlike central banks, which are worried about the rapid rally in bond yields and are determined to combat this alleged dysfunction of financial markets, the Bank of England's views are close to that of the Fed. Deputy Governor, Dave Ramsden, said... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qym1 Open / Comment

2021-03-03 14:48:06 Silver Prices Forecast: 2021 and Beyond

The silver price has been rising considerably in the past six months. The price has for a long-time underperformed gold, but its popularity has increased again. Over six months ago, the price of XAG was below $18, and a few months later, it almost hit $30. Recently we saw the price stabilize again. In this silver price forecast, we discuss the latest silver price expectations for 2021. In this investment outlook, we will look at both the fundamental rationale and the technical signals provided by prediction charts.



Silver: A Historical Overview

Silver is a precious metal used in jewelry and... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qyjm Open / Comment

2021-03-03 11:28:53 Short-term analysis for oil, gold, and EURUSD for 03.03.2021

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 main target of the oil short-term downtrend, Target Zone [59.18 - 58.73], was reached. What's next?



Oil price forecast for today: USCrude analysis

Yesterday the WTI oil price was trading in the correction. Traders tested the resistance of the intraday downtrend [60.58 - 60.47]. The zone was not broken out. There was a price return under the level at the US trading... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QPyz Open / Comment

2021-03-03 10:16:56 Euro is trapped in the illusion. Forecast as of 03.03.2021

While the ECB uses verbal interventions, the change in the Fed’s tone stabilizes the global bond market. How will it influence the EURUSD? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

To solve the problem, one should know the causes. The ECB officials associate the drop in the euro-area bond yields with their announcements. However, they are wrong. The rally of the global bond market rates started in the USA amid the expectations of fiscal stimulus and rapid recovery of the US economy. It means the Fed, not the other world’s... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QPYb Open / Comment