Analyst news

• XAUUSD: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 13:20 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 2008.75 with a target of 1910.48 – 1889.05.Alternative scenario: breakout and consolidation above the level of 2008.75 will allow the pair to continue rising to the levels of 2060.00 – 2110.00.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 1 of (5) formed as its part. Apparently, a descen
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 12:50 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 86.75 with a target of 78.50 – 76.36.Alternative scenario: breakout and consolidation above the level of 86.75 will allow the asset to continue rising to the levels of 91.05 – 95.65.Analysis: the first wave of larger degree (1) is presumably formed, a descending correction developed as second wave (2), and the third wave (3) started unfolding on the daily chart. The first wave of smaller degree 1 of (3) is pr
  
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• USDJPY: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 12:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 148.76 with a target of 152.50 – 155.00. Alternative scenario: breakout and consolidation below the level of 148.76 will allow the pair to continue declining to the levels of 147.14 – 144.36. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 3 of (5) forming, with wave v of 3 developin
  
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• GBPUSD: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 11:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2068 with a target of 1.2465 – 1.2590.Alternative scenario: breakout and consolidation below the level of 1.2068 will allow the pair to continue declining to the levels of 1.1758 – 1.1420.Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction started developing as second wave (2). Wave А of (2) is formed on the H4 time frame, and a bullish correc
  
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• Gold will unveil a secret. Forecast as of 03.11.2023

  03-11-2023 11:38 via litefinance.org
  
  Gold halts instead of returning above $2,000 an ounce amid the weakening of the dollar, falling bond yields, and the escalation of the Middle East crisis. Why? Let’s discuss it and make a trading plan.Fundamental forecast for gold for todayThere's no other asset as mysterious as gold. The precious metal is considered a hedge against inflation and a safe-haven asset. However, the XAUUSD quotes fell even if the US consumer prices reached their highest in a few decades in 2022. Conversely, th
  
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• EURUSD: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 11:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0514 with a target of 1.0765 – 1.0858.Alternative scenario: breakout and consolidation below the level of 1.0514 will allow the pair to continue declining to the levels of 1.0256 – 1.0100.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A downside correction appears t
  
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• USDCHF: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 10:50 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.9113 with a target of 0.8807 – 0.8706. Alternative scenario: breakout and consolidation above the level of 0.9113 will allow the pair to continue rising to the levels of 0.9242 – 0.9352.Analysis: a downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is currently unfolding as second wave 2 of (5). Wave of s
  
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• USDCAD: Elliott wave analysis and forecast for 03.11.23 – 10.11.23

  03-11-2023 10:20 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.3895 with a target of 1.3493 – 1.3395. Alternative scenario: breakout and consolidation above the level of 1.3895 will allow the pair to continue rising to the levels of 1.4100 – 1.4300.Analysis: a bullish first wave of larger degree (1) is presumably developing on the daily time frame, with the fifth wave 5 of (1) forming as its part. The first wave of smaller degree i of 5 is formed on the H4 chart,
  
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• Stop-Limit Order - What Is It & How Does It Work?

  03-11-2023 09:22 via litefinance.org
  
  We all know and actively use such functionality as a limit order. This is very convenient and saves a lot of time. But not so long ago, another order was developed — a stop-limit order.In this article, I want to talk about my experience with these orders and show examples of why a regular limit order may not be employed in technical analysis strategies.What Is a Stop-Limit Order?Very often, when trading in Forex or the stock market, we understand that the price will continue to move as soo
  
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• MT5 servers under maintenance on 5 November 2023

  03-11-2023 08:39 via litefinance.org
  
  Dear clients,Please note that the MT5 servers will be under one-hour maintenance from 7 p.m. on 5 November 2023 (GMT +2, the server time indicated on the platform).The MT5 servers will, therefore, be unavailable during the maintenance period.Please adjust your trading decisions to the information above if necessary.We ask your pardon for any inconvenience and hope for your understanding!With best regards,LiteFinance Read more
  
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• USD lost trust. Forecast as of 03.11.2023

  03-11-2023 08:11 via litefinance.org
  
  Investors believed until recently that the Fed would raise rates in 2023, but now they are focused on a completely different issue. Is the plateau idea relevant? Investors are ready to test the central bank's strength. Let's discuss this topic and make up a trading plan for EURUSD.Daily US dollar fundamental forecastFinancial markets are playing bluff with the Fed. As a result, investors often suffer losses. For example, some bet on a dovish reversal, but instead, the monetary restrict
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.11.2023

  03-11-2023 07:27 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 completed the upward wave [A] as an impulse (1)-(2)-(3)-(4)-(5). The most recent BTCUSD chart section displays a decline in the initial part of the corrective wave [B]. This wave can take the shape of any corrective pattern. Bears are aiming to reach a low of 30355.95.
  
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• Short-term analysis for oil, gold, and EURUSD for 03.11.2023

  03-11-2023 06:59 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.EURUSD is trading up in the short term. Oil price forecast for today: USCrude analysisThe oil short-term downtrend continues. The price is being corrected and should test the resistance (А) 83.71 - 83.38. When the indicated resistance is teste
  
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