EUR/USD inches lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA. The RSI rises to 45, suggesting improving momentum but still hinting at a cautious outlook. MACD shows flat green bars, indicating easing bearish pressure yet no clear bullish shift. EUR/USD managed to climb towards the 1.0370-1.0390 area at the begging of the year, continuing its fragile…
2025.01.07 2025.01.07 US Dollar Slides as Market Ponders Trump Tariffs. Forecast as of 07.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Fears of trade wars were among the main drivers of the EURUSD pair’s collapse in the fourth quarter. As soon as there were rumors in the market that the tariffs were not so dangerous, the major currency pair soared sharply. Let’s discuss this…
The AUDUSD bottomed for 2024 on the very last day of the trading year (which is unique). The price bounced higher off that low and in doing so was able to extend above a swing area off the daily chart between 0.6269 to 0.6282. See the red numbered circles on the chart below. The AUD/USD moved above a key…
GBP/USD reaches new peak after Trump advisors hint at targeted tariffs, weakening the US Dollar despite strong US data. US Services PMI and JOLTS job openings surpass expectations, signaling robust economic health. UK retail sales hit highest level since March 2024, adding to the positive outlook for the Pound amid a light UK economic calendar. The Pound Sterling rose…
2025.01.07 2025.01.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.01.2025 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. The euro broke through the short-term downtrend’s…
Markets saw major swings on Monday as rumors about Trump’s trade policy plans dominated headlines, with a Washington Post report suggesting targeted tariffs initially sparking a rally before Trump’s “fake news” denial trimmed gains. The Fed’s policy outlook also remained in focus as officials Kugler and Daly emphasized the inflation fight isn’t over, while German inflation data and Trudeau’s…
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…
NFLX Elliott Wave Analysis Trading Lounge. Netflix Inc., (NFLX) daily chart. NFLX Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 4 of (5). Direction: Upside within wave 5 of (5). Details: Looking for a bottom in wave 4 in place or soon to be. Wave 3 is just a bit short of 1.618 3 vs. 1,…
2025.01.07 2025.01.07 Gold Outlook Blurred as Trump’s Policies Fan Uncertainty. Forecast as of 07.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite the optimism on Wall Street regarding gold, the precious metal will unlikely repeat its last year’s outstanding performance. The previous drivers are waning, and Trump’s policies are creating uncertainty. Let’s discuss these topics and make a trading plan. The article covers the…
WTI crude oil seems to be off to a positive start to 2025, but it looks like a correction from its rally is due. Can it find support at these inflection points? WTI Crude Oil (USOIL) 4-hour Chart by TradingView Before 2024 came to a close, crude oil busted through its near-term resistance around the $71 per barrel mark…
