EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
2026.03.20 2026.03.20 USD/CAD: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 1.3927 with a target of 1.3430–1.3300. A sell signal: the price holds below 1.3927. Stop Loss: above 1.3927, Take Profit: 1.3430–1.3300. Alternative scenario: Breakout and consolidation…
The market is sensing that energy prices will stay higher for longer as the US and Israel struggle to define a plan for peace and reopening the Strait of Hormuz. Trump today in a Truth Social post said it would be easy to re-open the strait and that the US was prepared to do it alone. The market doesn’t…
United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K
2026.03.20 2026.03.20 USD/CHF: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26 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 0.7956 with a target of 0.7420–0.7200. A sell signal: the price holds below 0.7956. Stop Loss: above 0.7956, Take Profit: 0.7420–0.7200. Alternative scenario: Breakout and consolidation above 0.7956…
At a certain point, the Strait will open itself I think Israel will be ready to end the war when the US wants it to end I don’t want to do a ceasefire We can have dialogue but I don’t want to do a ceasefire On Hormuz: It would be nice if China and Japan got involved On UK…
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
2026.03.20 2026.03.20 EUR/USD: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26 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 1.1410 with a target of 1.2088–1.2400. A buy signal: the price holds above 1.1410. Stop Loss: below 1.1410, Take Profit: 1.2088–1.2400. Alternative scenario: Breakout and consolidation below 1.1410 will allow the…
The declines in the major indices were symmetrically worse going from the Dow, to the S&P to the Nasdaq. Rounding, the Dow fell -1.00%, the S&P fell -1.50%, and the Nasdaq fell by -2.00%. All three indices also closed below its 200 day MA this week. The Dow 200 day MA is at 46562. The index closed at 45577.47…
A Reuters poll revealed that the Bank of Mexico, also known as Banxico, is expected to keep interest rates steady at 7% at the March 26 meeting amid concerns about the Middle East war. If Banxico keeps rates unchanged, it would be the second consecutive time the central bank has opted for a wait-and-see approach, after reducing rates 12…
