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…
EUR/USD declines by 0.48% on Wednesday, settling near 1.0295 after failing to break above the 20-day SMA. RSI falls sharply to 39 in negative territory, revealing intensified selling pressure. MACD histogram prints decreasing green bars, suggesting waning bullish momentum and a renewed downside tilt. EUR/USD struggled on Wednesday, shedding 0.48% to trade around 1.0295. This latest drop underscores the…
2025.01.08 2025.01.08 Short-Term Analysis for Oil, Gold, and EURUSD for 08.01.2025 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 is trading in a correction within…
Challenges are expected when trading currencies. But have challenges become big enough to turn into major obstacles for you? Here are some of the typical barriers to profitability and how you can overcome them. 1. Insufficient capital One of the first barriers to trading for many is the lack of financial capital to put in a live account. While…
The pound was a surprisingly-strong performer in 2024 but I think there will be a catch-down trade in 2025. The strength last year was driven by a more-hawkish central bank but the stick inflation last year wasn’t due to a stronger economy (like the US) but structural factors. Now the growth outlook is deteriorating and the central bank continues…
The ADP Employment Change will likely have a limited impact on financial markets. The US private sector is expected to have added 140,000 new positions in December. The US Dollar Index corrected extreme overbought conditions, retains its bullish stance. Financial markets slowly return from the winter holidays and the macroeconomic calendar starts to be packed. These days, the focus…
2025.01.08 2025.01.08 Aussie Takes Nosedive to Multi-Month Lows. Forecast as of 08.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Bearish drivers that triggered a decline of over 9% in the AUDUSD pair in 2024 continue to exert increasing downward pressure, contributing to a sustained downtrend. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major Takeaways The aussie…
AUD/NZD has been cruising higher inside an ascending channel for more than a month already, and it looks like another test of support is due. Take a look at these inflection points on the 4-hour time frame! AUD/NZD 4-hour Forex Chart by TradingView Earlier today, the Australian economy printed a stronger than expected December CPI reading of 2.3% versus…
Nasdaq 100 Futures (NQ) Technical Analysis – January 8, 2025 Current Price: 21,430 Key Levels to Watch for NQ Today Support Levels: 21,410: Yesterday’s Value Area Low (VAL) is providing support. A sustained drop below this level could open the door to: 21,360–21,350: Next support zone. 21,000–20,975: Extended downside target if the selling pressure accelerates. Resistance Levels: 21,450: Yesterday’s…
Gold price turns positive for the second straight day and draws support from a combination of factors. Trade war fears and geopolitical risks lend support to the XAU/USD amid a modest USD downtick. The Fed’s hawkish stance and elevated US bond yields might cap the upside ahead of FOMC Minutes. Gold price (XAU/USD) sticks to modest intraday gains through…
