LiteFinance

2023-06-30 13:32:24 GBPUSD: Elliott wave analysis and forecast for 30.06.23 – 07.07.23

Main scenario: consider short positions from corrections below the level of 1.2667 with a target of 1.2516 – 1.2445.

Alternative scenario: breakout and consolidation above the level of 1.2667 will allow the pair to continue rising to the levels of 1.2764 – 1.2848.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, a corrective wave (2) finished developing, and the third wave (3) is unfolding. The third wave of smaller degree 3 of (3) is developing on the H4 chart, with wave i of 3 formed and a downside correction developing as second wave... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-300623-070723/ Open / Comment

2023-06-30 13:03:29 EURUSD: Elliott wave analysis and forecast for 30.06.23 – 07.07.23

Main scenario: consider short positions from corrections below the level of 1.0943 with a target of 1.0826 – 1.0782.

Alternative scenario: breakout and consolidation above the level of 1.0943 will allow the pair to continue rising to the levels of 1.1097 – 1.1230.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A correction appears to have formed as the second wave 2 of (A) of B on the H4 chart, and the third... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-300623-070723/ Open / Comment

2023-06-30 12:36:23 USDCHF: Elliott wave analysis and forecast for 30.06.23 – 07.07.23

Main scenario: consider short positions from corrections below the level of 0.9015 with a target of 0.8704 – 0.8520.

Alternative scenario: breakout and consolidation above the level of 0.9015 will allow the pair to continue rising to the levels of 0.9056 – 0.9145.

Analysis: an ascending correction of larger degree is formed as the fourth wave (4) on the daily chart. A bearish fifth wave (5) started unfolding. The first wave of smaller degree 1 of (5) is presumably developing on the H4 chart. As its part, wave iii of 1 is formed, and a correction is completed as wave... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-forecast-for-300623-070723/ Open / Comment

2023-06-30 12:18:23 USDCAD: Elliott wave analysis and forecast for 30.06.23 – 07.07.23

Main scenario: consider short positions from corrections below the level of 1.3288 with a target of 1.3007 – 1.2778.

Alternative scenario: breakout and consolidation above the level of 1.3288 will allow the pair to continue rising to the levels of 1.3564 – 1.3665.

Analysis: the third wave of larger degree 3 is presumably formed on the weekly chart, and a bearish correction is developing as the fourth wave 4. Wave (В) of 4 is completed on the daily chart. Wave (С) of 4 is unfolding, with wave 3 of (C) continuing forming as its part. Apparently, the third wave of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdcad-elliott-wave-analysis-and-forecast-for-300623-070723/ Open / Comment

2023-06-30 11:28:22 Short-term analysis for oil, gold, and EURUSD for 30.06.2023

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.

Oil continues trading flat.



Oil price forecast for today: USCrude analysis

Oil continues trading flat in the range of 74.37 – 66.95. The price is rising from the lower border of the range. The price reached resistance (А) 70.32 – 70.03. Unless this zone is broken out, one could enter sell trades with a target at the low of June 28.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-30062023/ Open / Comment

2023-06-30 10:42:25 Dollar: practice proves theory. Forecast as of 30.06.2023

In theory, raising rates slows down the economy, which ultimately leads to a weaker currency. However, in practice, each cycle of monetary tightening is unique. And the current one is no exception. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

Investors have been underestimating the US economy so far. The idea was simple: the Fed’s most aggressive monetary tightening should have cooled down the economy and pushed it into a recession. That's what the theory says. However, any theory is nothing without practice. The real world is different, and the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/dollar-practice-proves-theory-forecast-as-of-30062023/ Open / Comment

2023-06-30 09:45:25 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.06.2023

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.



Elliott Wave Bitcoin analysis



The BTCUSD continues forming an ascending impulse C as a part of the bullish zigzag A-B-C. Impulse C is composed of five sub-waves [1]-[2]-[3]-[4]-[5], four of which have been completed. Correction [4] must have completed as a zigzag (A)-(B)-(C). The price should be rising in impulse [5] to a level of around 32600.00.

Trading plan for BTCUSD today:

Buy  30528.90, Take profit: 32600.00


Elliott Wave Ripple analysis



The... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-forecast-for-btcusd-xrpusd-and-ethusd-30062023/ Open / Comment

2023-06-29 16:47:21 World stock market holidays: July 2023

Dear clients,

Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.

Independence Day, US — 04.07.2023




Trading instrument
Early closure
Resumption


XAUUSD
04/07/2023 20:15:00
05/07/2023 1:00:00


XAGUSD
04/07/2023 20:15:00
05/07/2023 1:00:00


NI225
03/07/2023 20:15:00
05/07/2023 1:00:00


NQ
03/07/2023 20:15:00
05/07/2023 1:00:00


YM
03/07/2023 20:15:00
05/07/2023 1:00:00


SPX
03/07/2023 20:15:00
05/07/2023 1:00:00


UKBRENT
04/07/2023 20:15:00
05/07/2023 3:00:00


USCRUDE
04/07/2023 20:15:00
05/07/2023 1:00:00


XNGUSD
04/07/2023 20:15:00
05/07/2023 1:00:00


CFD’s NYSE
03/07/2023 20:00:00
05/07/2023 16:30:00


CFD’s NASDAQ
03/07/2023 20:00:00
05/07/2023 16:30:00




* The schedule is formed according to the time of LiteFinance’s trading server (GMT+3 as displayed in the trading platform).... Read more https://www.litefinance.org/company/detail/news/102515/ Open / Comment

2023-06-29 16:47:21 Open / Comment

2023-06-29 13:34:52


The final part !
Be sure to watch the previous two parts to improve your trading skills Open / Comment