Analyst news

• The Best Crypto to Buy: Your Guide to Investing in Cryptocurrency in 2024

  18-09-2024 16:22 via litefinance.org
  
  The number of token holders is increasing annually. This is not solely due to the fact that cryptocurrencies are currently in vogue as an investment vehicle. In light of the instability of the traditional financial market, even institutional investors are turning their attention to promising digital currencies, diversifying their investment portfolios driven by a principle of "not putting all eggs in one basket." The perceived risk associated with cryptocurrencies has diminished significant
  
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• Loonie Rate Hinges on Fed Cut Size. Forecast as of 18.09.2024

  18-09-2024 12:20 via litefinance.org
  
  The cooling labor market, falling inflation to the target, and GDP growth twice as slow as the Bank of Canada forecasts leave USDCAD bears no chance. Only the Fed can throw them a lifeline. Let's talk about this topic and make a trading plan.Highlights and key points Unemployment in Canada jumped to 6.6%. Inflation fell to 2% from 8.1% in June 2022. Banks are demanding a 50 bp rate cut from the BoC. The Fed's slow start will allow traders to open long trades on the USDCAD pair with tar
  
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• How to Trade Triple Bottom Candlestick Pattern

  18-09-2024 11:18 via litefinance.org
  
  When conducting technical analysis, traders typically assess price actions regularly formed on the chart. Analyzing patterns and price formations is the most common indicator used in technical analysis, counting about 50 chart patterns, including rare ones and those that can be found almost on every time frame.A "Triple bottom" and "Triple top" are among the popular patterns in trading. Although these patterns are actually the same, a "Triple bottom" is more widespread on price charts due to the
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 18.09.2024

  18-09-2024 09:24 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 is correcting downward.Highlights and key pointsUSCrude: oil has failed to reverse the downtrend and remained in the key resistance area 69.65 - 69.20. XAUUSD: gold is correcting downward, presumably to the support (A) 2537 - 2531. EURUSD: the euro is te
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.09.2024

  18-09-2024 08:49 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 price may rise to 65,000.00 in the impulse wave (5). Consider a long position. XRPUSD: an impulse rise to 0.654 continues. Consider opening long positions. ETHUSD: the price may soar to the high of 2,818.49 in the zigzag wave. Long positions could be opened.Elliott Wave Analysis for BitcoinThe BTCUSD pair co
  
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• EURUSD Poised to Plunge Ahead of Fed Cut. Forecast as of 18.09.2024

  18-09-2024 08:22 via litefinance.org
  
  Investors anticipate that a larger reduction in interest rates by the Fed will have a more positive impact on stock performance and a negative impact on the value of the US dollar. However, will the Fed's decision to cut rates signal an imminent recession? Will this spark panic in the market? Let's consider these questions and make a trading plan for the EURUSD pair.Highlights and key points Markets are demanding that the Fed cut the rate from 5.5% to 5%. An aggressive start could trigger panic.
  
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• Economic calendar for the week 23.09.2024 – 29.09.2024

  18-09-2024 02:10 via litefinance.org
  
  Last week was marked by meetings of four major world central banks, with the Fed's meeting stealing the spotlight. Now, market participants are grappling with understanding whether the Fed's leaders will stick to the tight parameters of the monetary policy.In the upcoming week, 23.09.2024 – 29.09.2024, market participants will expect the publication of macro data on Germany, the eurozone, the UK, the US, and Japan, as well as the results of the Australian and Swiss central bank meetings.No
  
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