Analyst news

• XAUUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 14:35 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 2377.25 with a growth target of 2560.00 – 2650.00. A buy signal: the price remains above 2377.25. Stop Loss: below 2350.00, Take Profit: 2560.00 – 2650.00. Alternative scenario: breakout and consolidation below the level of 2377.25 will allow the pair to continue declining to the levels of 2161.56 – 1988.70. A sell signal: after the level of 2377.25 is broken to the downside. St
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 14:05 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 83.93 with a bearish target of 67.10 – 53.60. A sell signal: after the price returns below 83.93. Stop Loss: above 85.00, Take Profit: 67.10 – 53.60. Alternative scenario: breakout and consolidation above the level of 83.93 will allow the asset to continue rising to the levels of 94.10 – 100.00. A buy signal: after the level of 83.93 is broken to the upside. Stop Loss:
  
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• USDJPY: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 13:35 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
  
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• GBPUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 13:05 via litefinance.org
  
  Highlights and key pointsMain scenario: consider long positions from corrections above the level of 1.2660 with a growth target of 1.3400 – 1.3740. A buy signal: after the price returns above 1.2660. Stop Loss: below 1.2630, Take Profit: 1.3400 – 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 Los
  
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• Markets Disbelieve RBA Rate Cut Postponed. Forecast as of 16.08.2024

  16-08-2024 12:57 via litefinance.org
  
  In Australia, the confrontation between investors and the Reserve Bank is gaining momentum. The former are convinced the monetary policy easing will start in 2024, but the central bank insists they are wrong. Let's discuss this topic and make a trading plan for the AUDUSD pair.Highlights and key points The derivatives market predicts a decline in the Australian cash rate in 2024. The return of carry trades is the main driver of the AUDUSD rally. Short trades can be opened if the pair falls below
  
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• EURUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 12:35 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0880 with a growth target of 1.1141 – 1.1273. A buy signal: after the price returns above 1.0880. Stop Loss: below 1.0850, Take Profit: 1.1141 – 1.1273. Alternative scenario: breakout and consolidation below the level of 1.0880 will allow the pair to continue declining to the levels of 1.0773 – 1.0662. A sell signal: after the level of 1.0880 is broken to the downside. Stop Lo
  
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• USDCHF: Elliott wave analysis and for 16.08.24 – 23.08.24

  16-08-2024 12:05 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 0.9047 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.9047. Stop Loss: above 0.9080, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.9047 will allow the pair to continue rising to the levels of 0.9226 – 0.9400. A buy signal: after the level of 0.9047 is broken to the upside. St
  
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• USDСAD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

  16-08-2024 11:26 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:
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 16.08.2024

  16-08-2024 09:28 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 continues to trade in a short-term uptrend.Highlights and key pointsUSCrude: Oil failed to reach the support (A) 75.45 - 75.12. Instead, the price rose to the resistance 77.51 - 77.34 and rebounded. XAUUSD: Gold is trading in a downward correction.
  
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• US Dollar Edges Higher on Robust Data. Forecast as of 16.08.2024

  16-08-2024 08:44 via litefinance.org
  
  The release of robust retail sales and labor market data, coupled with an upbeat Walmart report, allayed concerns about a potential recession in the US, prompting a sell-off in the EURUSD pair. However, the bearish sentiment was subdued. What is the precise reason for this? Let's discuss this topic and make a trading plan.Highlights and key points Strong data has reduced the risks of recession in the US economy. The Fed should proceed cautiously to achieve a soft landing. The S&P 500 rally h
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.08.2024

  16-08-2024 08:11 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: the pair may continue to correct to the high of 62783.93. Consider long trades at the current level with a take-profit at 62783.93. XRPUSD: the price is expected to grow in the impulse wave (C) to the high of 0.654. Consider long trades at the current level with a take-profit at 0.654. ETHUSD: the
  
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• Lucky Ticket Draw for Traders from Cambodia and Indonesia

  16-08-2024 04:00 via litefinance.org
  
  Dear clients,We are pleased to announce the launch of the Lucky Ticket Draw for traders from Cambodia and Indonesia! Do not miss your chance to win one of five valuable prizes. Winners will be drawn in stages on September 16:Winners of two cash prizes of $500 each will be announced at 11:00 and 12:00. Winners of two cash prizes of $1,000 each will be announced at 13:00 and 14:00. The winner of the flagship iPhone 15 Pro Max 512GB will be determined at 15:00.
  The time of the LiteFinance trading s
  
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