USD/CHF remains subdued on Friday, yet the pair trades below 0.8000, poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956, virtually unchanged. USD/CHF Price Forecast: Technical outlook The USD/CHF pair continued to consolidate this week. Although traders are facing stir resistance at the confluence of the 20…
2025.10.24 2025.10.24 USD/JPY: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 149.37 with a growth target of 156.50 – 158.85. A buy signal: the price holds above 149.37. Stop Loss: below 148.90, Take Profit: 156.50 – 158.85….
The major stock indices are extending to new session rise as the day works toward a close. The NASDAQ index is up 317 points or 1.3%. The S&P index is now up 1% on the day. Both the S&P and NASDAQ are on pace to close at record levels as is the Dow industrial average which is currently up…
The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data. At the time of writing, AUD/USD trades around 0.6511, holding steady after earlier swings following the release of the US Consumer Price Index (CPI) and S&P Global Purchasing Managers Index (PMI) reports….
2025.10.24 2025.10.24 WTI Crude Oil: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 66.20 with a target of 53.50 – 45.00. A sell signal: the price holds below 66.20. Stop Loss: above 67.00, Take Profit: 53.50 –…
Oil had a monster day on Thursday, clocking its biggest one-day jump in more than four months. WTI crude popped 5.6% to hit $62 a barrel, while Brent climbed all the way to $66. And no, it’s not because Nobody Wants This Season 2 just dropped and everybody decided to Netflix and chill instead of driving around. This week,…
The USDCAD popped higher earlier after Pres. Trump announced he was terminating trade talks with Canada, blaming Ontario ads that painted former Pres. Reagan as anti-tariff. The headline lit a quick rally, but sellers leaned against the 200-hour MA, halting the move. The pair briefly broke above that level before fading on softer U.S. CPI data, though the pullback…
The price of Platinum also came under pressure in the wake of the correction in Gold and Silver, Commerzbank’s commodity analyst Carsten Fritsch notes. China abolishes tax rebate for Platinum imports “In contrast to the two precious metals mentioned, Platinum has recovered most of its losses and is trading at around $1,610 per troy ounce this morning. This is…
2025.10.24 2025.10.24 XAU/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 4,007.50 with a target of 4,500.00 – 4,700.00. A buy signal: the price holds above 4,007.50. Stop Loss: below 3,965.00, Take Profit: 4,500.00 – 4,700.00. Alternative…
Anyone who has spent considerable time trading forex will tell you that there’s no “holy grail,” or one indicator, method, strategy, or system that would yield you forex trading profits 100% of the time. In fact, consistently profitable traders will more likely tell you that losing is as much part of trading as winning. But since shady brokers like…
