2025.01.31 2025.01.31 WTI Crude Oil: 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 67.08 with a target of 85.00 – 94.97. A buy signal: the price holds above 67.08. Stop Loss: below 66.50, Take Profit: 85.00 –…
If the latest Reuters report is to be believed, Trump’s ‘promise’ yesterday to enact immediate tariffs on Saturday was a bluff. However if the White House is to be believed, the tariffs will be announced on Saturday. The Reuters report still says Trump will announce tariffs but that they won’t begin until March 1 and there will be a…
Trump reiterates tariff threats on Mexico, Canada, and China. Fed maintains cautious stance on inflation risks, holding rates steady. AUD/USD hovers near 0.6215 amid RBA rate cut bets and China’s economic slowdown. The AUD/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump….
2025.01.31 2025.01.31 Forex Options Trading Explained Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Derivatives are a common trading instrument, and traders often choose futures or CFDs on Forex pairs. However, Forex options trading represents probably the most effective and profitable instrument. The popularity of this derivative has grown significantly, largely due to the rapid expansion of binary options trading. Owing to their cost-effectiveness, trading…
The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating around the 200-hour MA,…
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…
