Analyst news

• EURUSD Forecast & Predictions for 2024, 2025–2026, and Beyond

  23-08-2024 16:35 via litefinance.org
  
  The EURUSD is one of the major and most traded currency pairs in the Forex market. Traders analyze its future price not only for trading purposes but also to gauge the economic conditions of the EU and the US, along with the global market sentiment.Since the pair is widely traded, predicting its exchange rate from a long-term investment perspective can be challenging. The EURUSD exchange rate movement is influenced by interest rate differentials, inflation, unemployment rates, trade, and capital
  
  Read more

• XAUUSD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 14:30 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 2430.30 with a growth target of 2600.00 – 2700.00. A buy signal: the price remains above 2430.30. Stop Loss: below 2400.00, Take Profit: 2600.00 – 2700.00. Alternative scenario: breakout and consolidation below the level of 2430.30 will allow the pair to continue declining to the levels of 2292.30 – 2161.56. A sell signal: after the level of 2430.30 is broken to the downside. St
  
  Read more

• WTI Crude Oil: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 14:00 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 78.85 with a bearish target of 63.50 – 53.60. A sell signal: after the price returns below 78.85. Stop Loss: above 80.00, Take Profit: 63.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 78.85 will allow the asset to continue rising to the levels of 84.16 – 94.10. A buy signal: after the level of 78.85 is broken to the upside. Stop Loss: b
  
  Read more

• USDJPY: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 13:30 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

• Advertisement

• GBPUSD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 13:00 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2791 with a growth target of 1.3400 – 1.3740. A buy signal: after the price consolidates above 1.2791. Stop Loss: below 1.2760, Take Profit: 1.3400 – 1.3740. Alternative scenario: breakout and consolidation below the level of 1.2791 will allow the pair to continue declining to the levels of 1.2478 – 1.2300. A sell signal: after the level of 1.2791 is broken to the downside. St
  
  Read more

• Mexican Peso Extends Losses. Forecast as of 23.08.2024

  23-08-2024 12:42 via litefinance.org
  
  In mid-August, the Mexican peso seemed to eliminate its negative factors. Carry traders returned to the market while Donald Trump's position in the presidential race weakened. However, the optimism of the USDMXN bears was short-lived. Let's discuss this topic and make a trading plan.Highlights and key points Carry traders are reluctant to use the peso due to high volatility. Reforms in Mexico undermine the strength of USDMXN bears. The Mexican economy is slowing down. The USDMXN pair's uptrend w
  
  Read more

• EURUSD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 12:30 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0950 with a growth target of 1.1300 – 1.1500. A buy signal: after the price consolidates above 1.0950. Stop Loss: below 1.0920, Take Profit: 1.1300 – 1.1500. Alternative scenario: breakout and consolidation below the level of 1.0950 will allow the pair to continue declining to the levels of 1.0773 – 1.0662. A sell signal: after the level of 1.0950 is broken to the downside. St
  
  Read more

• USDCHF: Elliott wave analysis and for 23.08.24 – 30.08.24

  23-08-2024 12:00 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 0.8750 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.8750. Stop Loss: above 0.8780, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8750 will allow the pair to continue rising to the levels of 0.9044 – 0.9226. A buy signal: after the level of 0.8750 is broken to the upside. St
  
  Read more

• Advertisement

• USDСAD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

  23-08-2024 11:29 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 1.3414 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit: 1.3414 – 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

• Short-term Analysis for Oil, Gold, and EURUSD for 23.08.2024

  23-08-2024 10:05 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.Yesterday, the euro traded in a downward correction.Highlights and key pointsUSCrude: oil is maintaining an upward correction. The potential targets of the correction are the resistance (A) or resistance (B). Short trades can be considered after reaching
  
  Read more

• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.08.2024

  23-08-2024 08:35 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 continues to decline in correction (2) toward 55901.27. Consider short trades at the current level with a take-profit order placed at 55901.27. XRPUSD: the price grows in the impulse wave (C) to the high of 0.654. Consider long trades at the current level, taking profits at 0.654. ETHUSD: the
  
  Read more

• US Dollar to Regain Ground Against Euro. Forecast as of 23.08.2024

  23-08-2024 08:28 via litefinance.org
  
  The EURUSD pair has reached multi-year highs due to economic factors, monetary policy, and risk appetite. However, the euro is facing challenges. Will the US dollar capitalize on these weaknesses? Let's discuss this topic and make a trading plan.Highlights and key points The divergence in US and Eurozone economic growth is narrowing. The difference in the pace of monetary policy expansion between the Fed and the ECB is not as significant as it seems. Jerome Powell could dampen global risk appeti
  
  Read more

Follow @news_analyst on Twitter!