Analyst news

• XAUUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 14:45 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 2364.60 with a growth target of 2560.00 – 2650.00. A buy signal: after the price returns above 2364.60. Stop Loss: below 2340.00, Take Profit: 2560.00 – 2650.00. Alternative scenario: breakout and consolidation below the level of 2364.60 will allow the pair to continue declining to the levels of 2161.56 – 1988.70. A sell signal: after the level of 2364.60 is broken to the downsi
  
  Read more

• WTI Crude Oil: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 14:15 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 79.40 with a bearish target of 70.50 – 67.60. A sell signal: after the price returns below 79.40. Stop Loss: above 80.50, Take Profit: 70.50 – 67.60. Alternative scenario: breakout and consolidation above the level of 79.40 will allow the asset to continue rising to the levels of 84.78 – 90.95. A buy signal: after the level of 79.40 is broken to the upside. Stop Loss: b
  
  Read more

• USDJPY: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 13:45 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit: 165.00 – 170.00. Alternative scenario: breakout and consolidation below the level of 141.66 will allow the pair to continue declining to the levels of 129.34 – 121.00. A sell signal: after the level of 141.66 is broken to the downside. Stop Lo
  
  Read more

• GBPUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 13:15 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2660 with a growth target of 1.3250 – 1.3740. A buy signal: after the price returns above 1.2660. Stop Loss: below 1.2630, Take Profit: 1.3250 – 1.3740. Alternative scenario: breakout and consolidation below the level of 1.2660 will allow the pair to continue declining to the levels of 1.2300 – 1.2050. A sell signal: after the level of 1.2660 is broken to the downside. Stop Lo
  
  Read more

• Advertisement

• Franc Set for Landing. Forecast as of 09.08.2024

  09-08-2024 12:50 via litefinance.org
  
  Mass closing of carry trades pushed the USDCHF pair 7% down from July peaks. The Swiss franc copied the Japanese yen, albeit on a smaller scale. Let’s discuss it and make a trading plan.Highlights and key points The USDCHF's collapse is due to the closing of carry trades. The SNB will unlikely intervene in the Forex market, although Swiss producers demand that. The probability of a key rate cut in September is high. The USDCHF risks continuing to rally towards 0.874 and 0.884.Weekly fundam
  
  Read more

• EURUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 12:45 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0771 with a growth target of 1.1141 – 1.1273. A buy signal: after the price returns above 1.0771. Stop Loss: below 1.0740, Take Profit: 1.1141 – 1.1273. Alternative scenario: breakout and consolidation below the level of 1.0771 will allow the pair to continue declining to the levels of 1.066 – 1.0515. A sell signal: after the level of 1.0771 is broken to the downside. Stop Los
  
  Read more

• USDCHF: Elliott wave analysis and for 09.08.24 – 16.08.24

  09-08-2024 12:15 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 0.8875 with a bearish target of 0.8325 – 0.8160. A sell signal: after the price returns below 0.8875. Stop Loss: above 0.8900, Take Profit: 0.8325 – 0.8160. Alternative scenario: breakout and consolidation above the level of 0.8875 will allow the pair to continue rising to the levels of 0.9045 – 0.9226. A buy signal: after the level of 0.8875 is broken to the upside. St
  
  Read more

• USDСAD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

  09-08-2024 11:46 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3465 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit: 1.3465 – 1.3192. Alternative scenario: breakout and consolidation above the level of 1.3950 will allow the pair to continue rising to the levels of 1.4200 – 1.4350. A buy signal: after the level of 1.3950 is broken to the upside. Stop Loss:
  
  Read more

• Advertisement

• Short-term Analysis for Oil, Gold, and EURUSD for 09.08.2024

  09-08-2024 09:57 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.Oil maintains an upward correction.Highlights and key pointsUSCrude: oil reached the resistance (B) 76.03 - 75.58 yesterday. If the price remains below this zone, the asset will decline to the first target of 73.57. XAUUSD: gold is trading in an upward c
  
  Read more

• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 09.08.2024

  09-08-2024 08:59 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: subwave [5] has started developing. Consider short positions from the current level with Take Profit at 48876.38. XRPUSD: the price is growing in impulse (C). Consider buying from the current level with Take Profit at 0.704. ETHUSD: the price is expected to fall in impulse (5). Consider selling with Take Profit at 2092.35.Elli
  
  Read more

• US Dollar Holds Steady after Jobs Relief. Forecast as of 09.08.2024

  09-08-2024 08:44 via litefinance.org
  
  Disappointing US employment data has become a trap for EURUSD bears. The prospect of an economic downturn and the possibility of a significant reduction in the Federal Reserve's interest rates have made the US dollar vulnerable. However, it has managed to find a way out of this situation. Let's discuss this topic and make a trading plan.Highlights and key points The panic started with the labor market and ended because of it. Fed officials are unlikely to cut rates aggressively. Donald Trump wil
  
  Read more

Follow @news_analyst on Twitter!