USDСAD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

2024.08.09 2024.08.09 USDСAD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3465 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit:…

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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance

A recovery in risk appetite has pushed volatile assets like bitcoin higher against the U.S. dollar! BTC/USD just bounced from a technical support zone and looks ready to test a key inflection point. Will the crypto pair extend its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If you missed yesterday’s market action, you should know that a better-than-expected…

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Gold Technical Analysis – A better risk mood lifts gold

Fundamental Overview Gold erased most of the losses from the Monday’s global stock market rout as the ISM Services PMI and especially the US Jobless Claims yesterday improved the risk sentiment. This might be just a retracement of the liquidations experienced on Monday as it doesn’t look like there are strong reasons for a rally in the short term….

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Did the S&P 500 put in a major top?

Forex Course

As a first in hopefully many articles and updates, we wanted to start off by sharing our insights regarding the S&P 500 (SPX). We primarily use the Elliott Wave Principle (EWP). As you may be aware, the index peaked on July 16 at $5669, which fell 28p (0.5%) short of the ideal 5th wave target, the 200.00% Fibonacci extension…

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.08.2024

2024.08.06 2024.08.06 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.08.2024 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: correction is expected to develop. Consider long positions from the current level with Take Profit at 57883.91….

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Chart Art: Is GBP/USD Ready To Extend Its Trend?

The U.S. dollar gave up pips against “riskier” counterparts like the British pound following a U.S. data release. Will the momentum help extend GBP/USD’s months-long uptrend? We’re taking a closer look at the 4-hour chart: GBP/USD 4-hour Forex Chart by TradingView In case you missed it, the pullback in the weekly U.S. initial jobless claims released yesterday helped calm…

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ForexLive Asia-Pacific FX news wrap: USD slid a little

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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Nightmares Haunt US Dollar. Forecast as of 08.08.2024

2024.08.08 2024.08.08 Nightmares Haunt US Dollar. Forecast as of 08.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in US Treasury bond yields and stock indices is prompting a renewed focus on the recession narrative, which is supporting the EURUSD pair. The greenback is facing pressure from investors calling for the Fed to slash interest rates. Let’s discuss this topic and make a…

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