Analyst news

Bitcoin Price Forecast & Predictions for 2024, 2025–2030, and Beyond

05-08-2024 12:56 via litefinance.org

Bitcoin is the world's first cryptocurrency with the highest value. Investors and traders are highly interested in Bitcoin's uniqueness, growth potential, and ability to influence other cryptocurrencies. With a market cap of $539,114,505,737, the Bitcoin exchange rate directly impacts other digital assets.This article reviews the history of this cryptocurrency, forecasts for the near future using technical analysis, and examines the estimates of leading cryptocurrency analysts.Highlights and Key

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Yen Strengthens on BoJ Rate Hike. Forecast as of 05.08.2024

05-08-2024 12:34 via litefinance.org

Currency interventions were the catalyst for the collapse of the USDJPY exchange rate, followed by the Bank of Japan meeting and the release of the US labor market report. Let's discuss this topic and make a trading plan.Highlights and key points The $36.6 billion currency intervention marked the turning point for the USDJPY pair. The Bank of Japan appeared more hawkish than expected. The prospect of a US recession reinforced the yen as a funding currency. The USDJPY pair can be sold on pullback

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Short-term Analysis for Oil, Gold, and EURUSD for 05.08.2024

05-08-2024 09:32 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 euro corrected to the short-term downtrend's key resistance.Highlights and key pointsUSCrude: Oil broke through the Gold Zone 72.99 - 72.71. The next bearish target is the Target Zone 2, 70.57 - 70.05. Consider short trades. XAUUSD: Gold is testing t

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.08.2024

05-08-2024 09:23 via litefinance.org

Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Highlights and key points BTCUSD: correction [4] is expected to develop. Consider long positions from the current level with Take Profit at 54368.00. XRPUSD: the price may evolve in a bullish correction B. Consider buying from the current level with Take Profit at 0.494. ETHUSD: the price may rise in correction 4. Consider buying with Take Profit at 2410.00Elliott Wave

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US Dollar to Pay Price for Fed Mistakes. Forecast as of 05.08.2024

05-08-2024 08:40 via litefinance.org

The US labor market report for July indicated a slowdown in employment across all indicators. This increased the likelihood of an impending recession and raised the probability of the Federal Reserve adopting a monetary expansion policy. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points A cooling job market means the Fed may cut rates sharply. The markets fear an impending recession. The US dollar was hurt the most. The EURUSD risks rising to 1.1015 a

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