Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2025.01.31 2025.01.31 XAU/USD: Elliott Wave Analysis and Forecast for 31.01.25 – 07.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2690.64 with a target of 2880.00 – 3000.00. A buy signal: the price holds above 2690.64. Stop Loss: below 2670.00, Take Profit: 2880.00 – 3000.00. Alternative…
In his book, “Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,” author Richard Weissman identifies three basic trader personality profiles. Can you identify with one of the trading personalities below? Let’s discuss the trend-followers, day traders, and mean reversion traders: 1. Trend-Following Trader Weissman enumerates two traits necessary for successful trend followers: patience and fortitude. Trend-following mechanical systems get traders in strong directional moves, and…
The changes among dollar pairs show a bit of a lack of appetite, with the dollar mostly steadier across the board. It is seen up against the euro and yen but marginally lower against the antipodeans. USD/JPY nudged up a little close to 155.00 earlier but the pair is held back by its 100-hour moving average nearby alongside large…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2025.01.31 2025.01.31 USD/CHF: Elliott Wave Analysis and Forecast for 31.01.25 – 07.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the level of 0.9201 is broken to the downside. Stop Loss: above 0.9250, Take Profit:…
The latest inflation figures from German states released around the same time: Hesse CPI +2.5% vs +2.4% y/y prior Brandenburg CPI +2.3% vs +2.4% y/y prior Saxony CPI +2.4% vs +3.2% y/y prior North Rhine Westphalia CPI +2.0% vs +2.5% y/y prior Baden Wuerttemberg CPI +2.3% vs +2.6% y/y prior At the balance, the readings here are much softer…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2025.01.31 2025.01.31 White House Boosts Greenback. Forecast as of 31.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EU GDP has shown zero growth, the US GDP has expanded by 2.3%, the Fed has taken a pause, and the ECB has cut the interest rate. All these factors have failed to support the greenback. Nevertheless, the White House will take action to boost the…
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…
