Analyst news

• XAUUSD: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 14:25 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 2471.10 with a growth target of 2600.00 – 2700.00. A buy signal: if the price remains above 2471.10. Stop Loss: below 2440.00, Take Profit: 2600.00 – 2700.00. Alternative scenario: breakout and consolidation below the level of 2471.10 will allow the pair to continue declining to the levels of 2292.30 – 2161.56. A sell signal: after the level of 2471.10 is broken to the downside.
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 13:55 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 77.20 with a bearish target of 63.50 – 53.60. A sell signal: if the price holds below 77.20. Stop Loss: above 78.50, Take Profit: 63.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 77.20 will allow the asset to continue rising to the levels of 83.75 – 89.53. A buy signal: once the level of 77.20 is broken to the upside. Stop Loss: below 76.00, Ta
  
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• USDJPY: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 13:25 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 161.75 – 165.00. A buy signal: if the price holds above 141.66. Stop Loss: below 140.50, Take Profit: 161.75 – 165.00. 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: once the level of 141.66 is broken to the downside. Stop Loss: ab
  
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• GBPUSD: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 12:55 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.3080 with a growth target of 1.3500 – 1.3740. A buy signal: if the price holds above 1.3080. Stop Loss: below 1.3050, Take Profit: 1.3500 – 1.3740. Alternative scenario: breakout and consolidation below the level of 1.3080 will allow the pair to continue declining to the levels of 1.2887 – 1.2648. A sell signal: once the level of 1.3080 is broken to the downside. Stop Loss: ab
  
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• Franc is Feeling Good. Forecast as of 06.09.2024

  06-09-2024 12:30 via litefinance.org
  
  The Swiss franc's role in carry trades, heightened risks of aggressive monetary easing by the Swiss National Bank (SNB), and potential currency interventions are not supporting the bullish outlook on the USDCHF and the EURCHF. Why is this the case? Let’s discuss it and make a trading plan.Highlights and key points The franc may replace the yen in carry trades. There is a significant risk of a 50 bps rate cut by the SNB in September. Political and economic factors provide a supportive backd
  
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• EURUSD: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 12:25 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.1023 with a growth target of 1.1300 – 1.1500. A buy signal: if the price holds above 1.1023. Stop Loss: below 1.1000, Take Profit: 1.1300 – 1.1500. Alternative scenario: breakout and consolidation below the level of 1.1023 will allow the pair to continue declining to the levels of 1.0880 – 1.0773. A sell signal: once the level of 1.1023 is broken to the downside. Stop Loss: ab
  
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• USDCHF: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 11:55 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8541 with a bearish target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8541. Stop Loss: above 0.8600, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8541 will allow the pair to continue rising to the levels of 0.8742 – 0.9044. A buy signal: once the level of 0.8541 is broken to the upside. Stop Loss: below
  
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• USDСAD: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

  06-09-2024 11:27 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 1.3756 with a bearish target of 1.3205 – 1.2981. A sell signal: if the price holds below 1.3756. Stop Loss: above 1.3800, Take Profit: 1.3205 – 1.2981. Alternative scenario: breakout and consolidation above the level of 1.3756 will allow the pair to continue rising to the levels of 1.3947 – 1.4200. A buy signal: once the level of 1.3756 is broken to the upside. Stop Los
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 06.09.2024

  06-09-2024 09:27 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 reached the resistance (A) 1.1118 - 1.1110.Highlights and key pointsUSCrude: oil is testing the lower Target Zone 68.85 - 67.86. The price has not breached this zone. Thus, an upward correction may start. XAUUSD: gold is again testing the
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.09.2024

  06-09-2024 09:20 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.The cryptocurrencies continue moving in the range that we have determined earlier.Highlights and key points BTCUSD: expect a decline in impulse [3] to 52,089.00. Consider opening a short position. XRPUSD: a descending impulse [3] continues heading for the low of 0.487. Consider opening a short position. ETHUSD: a descending wave 3 is unfolding and will pr
  
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• US Economy Cools Down. Forecast as of 06.09.2024

  06-09-2024 08:31 via litefinance.org
  
  The deceleration in the US economy has prompted investors to reassess the US dollar's prospects. Speculators are selling the US dollar, pushing the EURUSD pair higher. Will the employment statistics for August have an impact on the current situation? Let's discuss this topic and make a trading plan.Highlights and key points The Fed's tight monetary policy is cooling the US economy. The labor market has reached an inflection point where unemployment risks rising sharply. Europe offers positive ne
  
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