Analyst news

• XAUUSD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 12:45 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1965.08 with a target of 2110.00 – 2170.00.Alternative scenario: breakout and consolidation below the level of 1965.08 will allow the pair to continue declining to the levels of 1917.57 – 1889.05.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 desc
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 12:15 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 72.35 with a target of 91.05 – 95.65.Alternative scenario: breakout and consolidation below the level of 72.35 will allow the asset to continue declining to the levels of 64.20 – 58.00.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
  
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• Kiwi gave us a surprise. Forecast as of 01.12.2023

  01-12-2023 12:00 via litefinance.org
  
  Growing risk appetite, record high immigration, and potential divergence in the Reserve Bank of NZ' and the Fed's policies are a foundation for the NZDUSD's uptrend. Let’s discuss it and make a trading plan.Six-month fundamental forecast for the NZ dollarNew lords, new laws. The new New Zealand government announced it would start the legislative process to return the central bank to a single mandate, and the RBNZ's reaction was immediate. It kept the cash rate at 5.5% in November but surpr
  
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• USDJPY: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 11:45 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 151.84 with a target of 139.60 – 136.60.Alternative scenario: breakout and consolidation above the level of 151.84 will allow the pair to continue rising to the levels of 156.00 – 160.00.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 1 of (5) formed, and a downside correction started develop
  
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• GBPUSD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 11:15 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.2730 with a target of 1.2300 – 1.2030.Alternative scenario: breakout and consolidation above the level of 1.2730 will allow the pair to continue rising to the levels of 1.2876 – 1.3000.Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction continues developing as second wave (2). Wave А of (2) is formed on the H4 time frame, and a bullish correc
  
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• EURUSD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 10:45 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.1018 with a target of 1.0655 – 1.0515.Alternative scenario: breakout and consolidation above the level of 1.1018 will allow the pair to continue rising to the levels of 1.1152 – 1.1260.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 to
  
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• USDCHF: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 10:15 via litefinance.org
  
  Main scenario: consider long positions above the level of 0.8546 with a target of 0.9109 – 0.9246 once a correction is formed.Alternative scenario: breakout and consolidation below the level of 0.8546 will allow the pair to continue declining to the levels of 0.8392 – 0.8238.Analysis: the 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).
  
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• USDCAD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23

  01-12-2023 09:46 via litefinance.org
  
  Main scenario: consider long positions above the level of 1.3400 with a target of 1.4100 – 1.4300 once corrections are formed.Alternative scenario: breakout and consolidation below the level of 1.3400 will allow the pair to continue declining to the levels of 1.3282 – 1.3092.Analysis: the 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. H4 time frame: the first wave of smaller degree i of 5 is
  
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• Short-term analysis for oil, gold, and EURUSD for 01.12.2023

  01-12-2023 08:17 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 EURUSD reached support (В) 1.0891 - 1.0878 yesterday.Oil price forecast for today: USCrude analysisThe oil price dropped at the US trading session yesterday and broke out support (А) 76.30 - 75.97. However, the short-term trend remai
  
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• Euro keeps cool head. Forecast as of 01.12.2023

  01-12-2023 07:54 via litefinance.org
  
  The ECB will be at the forefront of the monetary easing cycle in 2024, but is this a reason to sell the euro? The market thought so at the end of November, but in reality, the situation is complicated. Let's discuss this topic and make up a trading plan for EURUSD.Weekly Euro fundamental forecastThe American economy is cooling, inflation is slowing to its lowest levels since April 2021, US stock indices are rising, and FOMC officials are talking about keeping the federal funds rate unc
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.12.2023

  01-12-2023 07:14 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 analysisLarge impulse wave C continues unfolding inside the actionary wave (Z) consisting of sub-waves [1]-[2]-[3]-[4]-[5]. There is a high probability that the correction [4] has already been completed as the skewed triangle (A)-(B)-(C)-(D)-(E). The initial part of the bullish impuls
  
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