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2021-02-22 18:24:16 Have you noticed how interest in investment and trade has increased recently? And this is not surprising, because it has become much easier to make money in Forex.

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2021-02-22 14:48:25 Forex held hostage by the Fed. Forecast as of 22.02.2021

For now, the Fed doesn't even think about raising rates and curtailing QE policy, but what will happen when the central bank gets down to business? To answer this question, it makes sense to refer to the 2013 events. Let us discuss the Forex outlook and make up a trading plan for USDMXN and USDZAR.

Monthly peso and rand fundamental forecast

Extrapolation is typical not only for technical but also for fundamental analysis. The recessions followed by the global economic recovery are serious food for thought. The dollar smile theory, a V-shaped stock market recovery, and a rally in Treasury yields have all occurred in the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/5b7V Open / Comment

2021-02-22 11:17:02 Short-term forecast for oil, gold, and EURUSD for 22.02.2021

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.

After reaching all the targets within the gold medium-term downtrend, a correction occurs.



Oil price forecast for today: USCrude analysis

The medium-term chart shows oil testing the resistance zone Target Zone 5 [59.82 - 59.31]. Last week, the traders tried to break out the zone but failed. This week, look for oil sales according to the “false breakout” pattern with the target at the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/56FH Open / Comment

2021-02-22 10:19:39 EURUSD: chained together. Forecast as of 22.02.2021

The Treasury yield rally and the divergence in the economic expansion of the USA and the euro-area do not send the EURUSD down yet. What is the reason? Where will the euro-dollar go next? Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

The USA manages the crisis successfully: the number of new COVID-19 is declining, vaccination is progressing, and the economic surprise index, which shows the between actual and projected data, featured the best rise since late 2017. As a result, the Treasury yield is rallying up, which, however, doesn’t strengthen the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/56uV Open / Comment

2021-02-22 09:17:45 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.02.2021

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 BTCUSD and ETHUSD should be growing in the impulse waves. XRPUSD is expected to form a bullish zigzag.



Elliott wave Bitcoin analysis



After the corrective wave (4) finished, the market has started rising in the bullish impulse wave composed of the sub-waves 1-2-3-4-5. There is now developing impulse wave 3. The first four sub-waves of wave 3 must have completed. Correction [4] has recently completed as a skewed triangle. There is... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/56dN Open / Comment

2021-02-22 07:58:05 Keltner Channel Indicator

Keltner Channel (Keltner bands) – is a classical indicator of the technical analysis designed by Chester Keltner in 1960.

Like the Bollinger Bands indicator, the Keltner Channel draws the channel of price movements relative to the central EMA line. However, unlike the BB channel, the Keltner Channel indicator doesn’t widen following the price. So, the price can go beyond the Keltner Channel, thereby indicating the trend exhaustion. Read more about Forex trading with the Keltner Channel in this article.



Forex trading with the Keltner Channel indicator

Channel trading strategies are based on market psychology. The price is in the channel about... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/56g4 Open / Comment

2021-02-21 23:28:01 With both BTC and ETH at an all-time high, the top question is how high can we go?


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2021-02-21 23:24:29 The market will focus on US Yields again this week, Powell on Tuesday and Wednesday should add fuel, then Thursday and Friday super finish... Discussing EURUSD, OIL, and GOLD:


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2021-02-21 11:46:00 Economic calendar for the week 22.02.2021 – 28.02.2021

Review of the main events of the Forex economic calendar for the next trading week (22.02.2021 – 28.02.2021)

Trading on key Forex news: next week we expect the publication of important macro statistics from China, New Zealand, Australia, US, Germany, Great Britain, Switzerland, speeches of the heads of the central banks of Canada, the Eurozone, and the US, as well as the results of the meetings of the National Bank of China and the Reserve Bank of New Zealand.

Despite the growth on Friday, the American stock indexes ended the last week mostly with a decline. Despite the lingering optimism,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/5cnW Open / Comment

2021-02-19 18:48:57 Among the traders' cognitive biases, one of the first places is held by false prediction.
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This is when you see, for example, that the price has gone up, and you say: "Well, I thought so!" It does not matter at all whether you made a good deal or not. It's just that in the first case you think: “What a fine fellow I am”, and in the second - “I knew that I would trample upwards, and I stormed! "
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At the same time, in fact, there is no clear justification for these "I thought so, I knew so". Moreover, doubts could swarm in my head. But when the price shot up, the brain forgot about all the options that you were considering, except for the "right" one. And the impression was that you actually predicted the behavior of the market
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Professional fortune-tellers and astrologers, who cheat the client, use the principle of “whether it will be or not” with might and main. They throw in several scenarios at once, and when one of them "comes true", the client (he is a "fool") instantly forgets about all the others. And again he brings money to the “seer”.
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Now guess who the fool is in those cases when you say: "Well, I just knew that oil will rise in price!" or "I felt that the oil would fall!"
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What is the problem? If you made a good deal - great, if you missed the moment - it's a shame, of course, but it happens.
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And the problem is that Mr. "Iknowit" is forming the thinking of the forecaster. Each time he is more and more convinced of his ability to foresee the future. And one day, thinking that oil will probably rise in price, he will invest in oil assets on a grand scale, forgetting about the principles of trading strategy and risk management.
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Learn to separate what you can really predict from what the inner fortuneteller sang.
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