LiteFinance

2021-03-01 11:19:24 Short-term analysis for oil, gold, and EURUSD for 01.03.2021

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.

Last Friday, the short-term trend in the EURUSD pair reversed down. As a result, the Target Zone [1.2082 - 1.2066] was immediately reached.



Oil price forecast for today: USCrude analysis

Last week, a trading recommendation for selling oil worked out when the Additional Zone [62.57 - 62.44] was broken out. Take Profit in the Intermediary Zone [61.44 - 61.22] was taken.

The reaction to the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QxqN Open / Comment

2021-03-01 10:17:50 Dollar gives little to pay the debts. Forecast as of 01.03.2021

Investors are not satisfied with too low yields at the auctions. Amid the new fiscal stimulus of $1.9 trillion from Joe Biden, it suggests the Treasury yields rally should continue. How will it affect the EURUSD? Let us discuss the Forex outlook and make up a trading plan.

Weekly US dollar fundamental forecast

When the US dollar is following the yields on the US government bonds, it is strengthening against the basket of major currencies amid the sale of $21 trillion in the Treasury market, the most significant sell-off since November. According to Jefferies International, investors faced the largest debt... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QxVs Open / Comment

2021-03-01 08:54:53 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.03.2021

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.

The XRPUSD market is forming a skewed triangle. When the triangle completes, the market will continue declining. Bitcoin and Ethereum are forming bullish linking waves within the double zigzags.



Elliott wave Bitcoin analysis



The BTCUSD has completed the global bullish impulse. The chart displays its final wave [5], namely its final leg. Next, there has started a corrective pattern. There is likely to be forming a bearish double zigzag. The first sub-wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QxGG Open / Comment

2021-02-28 14:36:24 Economic calendar for the week 01.03.2021 – 07.03.2021

Review of the main events of the Forex economic calendar for the next trading week (01.03.2021 – 07.03.2021)

Trading on key Forex news: next week we are expecting the publication of important macro statistics from the US, Germany, Eurozone, Australia, the results of the meeting of the Central Bank of Australia, as well as the publication of monthly data from the American labor market.

American stock indices closed last week with a decline. Despite the continued optimism and persuasion from the Fed leaders, investors and stock indices seem to have decided to take a break before storming new record levels.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QGZa Open / Comment

2021-02-26 15:13:09 I need a third hand... or even a fourth

Check your account: http://amp.gs/QprM Open / Comment

2021-02-26 15:10:00 XAUUSD: Elliott wave analysis and forecast for 26.02.21 – 05.03.21

Main scenario: consider short positions from corrections below the level of 1853.98 with a target of 1718.57 – 1668.45.

Alternative scenario: breakout and consolidation above the level of 1853.98 will allow the pair to continue rising to the levels of 1960.41 – 2073.73.

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 forming inside. Wave of smaller degree (v) of iii is developing on the H1 time frame. If... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QprT Open / Comment

2021-02-26 14:59:55 Central banks take up arms. Review as of 26.02.2021

Unlike the Fed, other central banks are worried about growing bond yields

Regulators shift from threats to action

The market is a battlefield. The battle is between bulls and bears, China and the US, pandemics and humanity, investors and central banks. The latter faced the need to counter growing bond yields, and their rise against financial markets may become the calling card of 2021. Don't think regulators are saints. They use every means they have, and when they fail, they have to run. 


- Look, a saint is walking on water!

- No, it's just a guy rushing away from... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QpUD Open / Comment

2021-02-26 14:46:15 USDJPY: Elliott wave analysis and forecast for 26.02.21 – 05.03.21

Main scenario: consider long positions from corrections above the level of 104.93 with a target of 107.00 – 109.83.

Alternative scenario: breakout and consolidation below the level of 104.93 will allow the pair to continue declining to the levels of 104.00 – 102.60.

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) started developing, with wave i of 3 forming inside. Apparently, the fifth wave (v)... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Qp4D Open / Comment

2021-02-26 14:28:24 GBPUSD: Elliott wave analysis and forecast for 26.02.21 – 05.03.21

Main scenario: consider long positions from corrections above the level of 1.3827 with a target of 1.4300 – 1.4400.

Alternative scenario:  breakout and consolidation below the level of 1.3827 will allow the pair to continue declining to the levels of 1.3552 – 1.3298.

Analysis: Daily time frame: presumably, the first wave of larger degree (1) continues developing, with wave 5 of (1) forming inside. On the H4 time frame, the third wave of smaller degree iii of 5 formed and a correction finished developing in the form of wave iv of 5. Apparently, wave v of 5 is developing on... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QpgV Open / Comment

2021-02-26 14:05:42 EURUSD: Elliott wave analysis and forecast for 26.02.21 – 05.03.21

Main scenario: consider short positions from corrections below the level of 1.2345 with a target of 1.1691 – 1.1489.

Alternative scenario: breakout and consolidation above the level of 1.2345 will allow the pair to continue rising to the levels of 1.2500 – 1.2600.

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 formed inside. Apparently, wave b of 2 finished developing on the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QpeQ Open / Comment