The US dollar has been steadily bid this week on a safe-haven bid due to Middle East war fears but it’s now giving back those gains. The euro is now nearly flat on the week. It’s also traced out something of an inverted head-and-shoulders pattern on the chart that targets a retest of the recent highs near 1.1615. This…
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar. Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist. Equity benchmarks Sensex and Nifty rally over 1% each, snapping a three-day losing streak. The Indian Rupee (INR) snaps its three-day losing…
2025.06.20 2025.06.20 XAU/USD: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 3120.70 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3120.70. Stop Loss: below 3070.00, Take Profit: 3600.00 –…
Some days, most forex pairs are just going in one particular direction, and it makes no sense to go against the herd. However, if you’re a fan of picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t be afraid to take a contrarian approach to your forex trades. When all charts…
USDCAD technicals The USDCAD has pushed higher despite counterpoint dovish comments on interest rates from Fed Governor Waller. The pair moved higher and reached a session high of 1.3723. In the process, the pair tested the 38.2% retracement of the decline from the May high, which comes in at 1.37221. However, momentum stalled at that key technical level. A…
AUD/JPY regains some positive traction following the previous day’s modest decline. A weaker USD benefits the AUD, while reduced BoJ rate cut bets weigh on the JPY. The divergent BoJ-RBA policy expectations warrant some caution for bullish traders. The AUD/JPY cross is building on the overnight bounce from the 93.80 area and gaining some positive traction during the Asian…
2025.06.20 2025.06.20 GBP/USD: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 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 1.3130 with a target of 1.3800 – 1.4000. A buy signal: the price holds above 1.3130. Stop Loss: below 1.3050, Take Profit: 1.3800 – 1.4000. Alternative…
GBP/USD has pulled back up after breaking a trend support earlier this week. Are we looking at an opportunity to jump on a longer-term reversal? We’re taking a closer look at the 4-hour time frame! GBP/USD 4-hour Forex Chart by TradingView In case you missed it, the British pound slipped after the Bank of England (BOE) held rates steady…
The dollar is keeping steadier on the day with light changes all around. The ranges for the day are also leaving a lot to be desired, with a lack of appetite to start the session. As things stand, traders are waiting to see if the US will get involved in the Iran and Israel conflict. However, we might not…
The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause. The US stated that it will decide whether to attack Iran directly in the next two weeks. This week, the Fed left interest rates steady and warned of upside inflation risks. The Indian Rupee (INR) snaps a three-day losing…
