2024.10.24 2024.10.24 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 24.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: a horizontal correction is completed, and a bearish trend has started developing. Consider opening short positions from…

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Missed this triangle breakout on AUD/JPY? The pair could still be in for a quick pullback before gaining traction on its climb! Or is momentum already fading? Either way, check out these inflection points I’m watching on the hourly chart: AUD/JPY 1-hour Forex Chart by TradingView A combo of strong Australian economic data and inaction from Japanese monetary authorities…

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The major US stock indices are trading mixed with the broader indices (S&P and NASDAQ) higher. The Dow industrial average is lower. The Dow industrial average is reacting to sharp declines in: IBM: -6.70% Honeywell: -4.44% Boeing: -2.02%. Boeing machinists rejected a new labor contract that included wage increases of 35% over four years Verizon: -2.11% A snapshot of…

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Crude Oil struggles to hold gains this Thursday, attempting to move away from $70.00 and looking for more upside.  Markets are pricing in a new escalation in geopolitical tensions after failed attempts from US Secretary of State Blinken in the Middle East.  The US Dollar Index fades after its steep rally earlier this week, focus on the US PMI on Thursday. …

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2024.10.24 2024.10.24 Will the Pound Rebound? Forecast as of 24.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The GBPUSD collapse in October was so rapid that Andrew Bailey decided to take action to support the pound. Considering the continued strength of the economy, the decline seems to be overly drastic. Let’s discuss this topic and develop a trading plan. The article covers the following subjects:…

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The major assets were all over the charts on Wednesday. U.S. Treasury yields continued to rise, boosting the U.S. dollar higher and dragging gold prices lower. Risk assets like equities and bitcoin weakened, while crude oil prices failed to make new weekly highs. Which catalysts moved the major assets around yesterday? Let’s discuss: Headlines: BOC Cuts Rates by 50bps,…

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Services PMI 51.8 vs 52.4 expected and 52.4 prior. Manufacturing PMI 50.3 vs 51.4 expected and 51.5 prior. Composite PMI 51.7 vs 52.6 expected and 52.6 prior. Key Findings: Flash UK PMI Composite Output Index(1) at 51.7 (Sep: 52.6). 11-month low. Flash UK Services PMI Business Activity Index(2) at 51.8 (Sep: 52.4). 11-month low. Flash UK Manufacturing Output Index(3)…

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UK Services PMI drops further to 51.8 in October, misses estimates. Manufacturing PMI in the UK fell to 50.3 in October. GBP/USD trims gains to near 1.2960 after UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to 50.3 in October from 51.5 in September. The data missed the market forecast of 51.4….

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2024.10.24 2024.10.24 Short-term Analysis for Oil, Gold, and EURUSD for 24.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, 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. Gold retreated below the Target Zone 2740…

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WTI crude oil bulls seem ready to charge once again, as the energy commodity found support at the bottom of a newly-forming triangle pattern. Can it go further north from here? Here are the upside targets I’m seeing on the 4-hour time frame: WTI Crude Oil (USOIL) Chart by TradingView Is crude oil done with its slump? After losing…

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