Analyst news

Zcash Price Forecast & Predictions for 2024, 2025-2026 and Beyond

06-08-2024 17:20 via litefinance.org

The popularity of cryptocurrencies is on the rise despite regulatory restrictions. Apart from well-known digital assets such as Bitcoin, Ethereum, and Litecoin, there are others attracting investors' attention. One of them is ZEC, which has great potential to be profitable in the long run.Zcash is a popular digital token known for its strong privacy features. It was created on October 28, 2016, and operates using blockchain technology with open-source code. With a market capitalization of $238.5

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Mexican Peso No Longer 'Super'. Forecast as of 06.08.2024

06-08-2024 12:59 via litefinance.org

The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the end of the summer. Let's discuss this topic and make a trading plan for the USDMXN pair.Highlights and key points The USDMXN's trend reversed due to the elections in Mexico. The peso was falling on fears of Donald Trump. A winding down in carry trade also weakened the peso. The USDMXN pair reached its

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Short-term Analysis for Oil, Gold, and EURUSD for 06.08.2024

06-08-2024 10:08 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.Gold's short-term uptrend reversed yesterday.Highlights and key pointsUSCrude: oil continues to trade in a short-term downtrend. Today, the price tried to test the resistance (A) 74.39 - 74.09. XAUUSD: gold's short-term uptrend reversed. The price is trading

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EURUSD Hits Fresh High as Global Stock Rout Deepens. Forecast as of 06.08.2024

06-08-2024 08:47 via litefinance.org

The impending recession in the US economy prompted a significant shift in financial markets. Severe shock waves hit global stock markets from Asia to North America. Meanwhile, EURUSD quotes soared to 1.1, a seven-month high. Let's discuss this topic and make a trading plan.Highlights and key points Black Monday of 1987 returned to Japan's markets. The strengthening yen sent stocks plummeting around the world. The Fed reassured the markets saying there was no recession. The EURUSD pair reach

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.08.2024

06-08-2024 08:32 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 57883.91. XRPUSD: the price may evolve in a bullish correction B. Consider buying from the current level with Take Profit at 0.505. ETHUSD: the price may rise in correction 4. Consider buying with Take Profit at 2583.00.Elliott

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