Analyst news

• Pound is undervalued. Forecast as of 02.11.2023

  02-11-2023 11:49 via litefinance.org
  
  While investors expect the BoE to signal a dovish turn, the GBPUSD is under pressure. However, most of the negative must have been priced in the pair's price. Let us discuss the Forex outlook and make up a trading plan.Weekly Pound fundamental forecastThe Bank of England will have to give more arguments in favor of keeping the Bankrate at the same level than the Fed did. Investors are looking for dovish signals from Andrew Bailey, which is putting pressure on the pound. The UK economy looks too
  
  Read more

• USD reached maximum. Forecast as of 02.11.2023

  02-11-2023 08:28 via litefinance.org
  
  If the market returns to old conditions, expect a trend reversal. Investors are once again speculating about a Fed dovish reversal, just like they did at the end of July. What does this mean for EURUSD? Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastWhen do trends break? At the end of July, before the FOMC meeting, the market turned its back on the US dollar. Investors believed that an increase in the federal funds rate to 5.5% would be the last. If
  
  Read more

• Short-term analysis for oil, gold, and EURUSD for 02.11.2023

  02-11-2023 08:00 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The gold price started a descending correction yesterday.Oil price forecast for today: USCrude analysisThe oil market tested the lower Target Zone yesterday. Thus, all targets in the short-term downtrend have been reached. Now, we shall see if sellers break o
  
  Read more

• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.11.2023

  02-11-2023 07:34 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBitcoin reached the previous target. The sideways corrective wave (4), having a triangular internal structure, has already been completed. The final bullish wave (5) is now forming. The price in this wave may rise to the level of 36537.67. Thus, in the current situation, consi
  
  Read more

• Advertisement

Follow @news_analyst on Twitter!