Intraday Market Analysis – USD bounces back
NZDUSD tests key support The US dollar soared after jobless claims showed resilience of the labour market. On the daily chart, the directional bias remains up with the pair seeking to secure a foothold. A previous sharp drop found support over 0.6200, but its failure to reclaim 0.6360 could be detrimental to […]
USDJPY: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 USDJPY: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 129.40 with a target of 138.24 – 140.57. Alternative scenario: breakout and consolidation below the level of 129.40 will allow the pair to continue declining to the levels of 127.32 […]
ARE RISK CURRENCIES ABOUT TO TURN? – Forex Trading Analysis
Forex market was showing some signs of reversal previous week. And we started to book profits in eur usd a little bit earlier. However with the overall strength of Usd, and due to Gbp usd’s weakness Eur Usd was also dragged lower. Usd jpy was in continuous uptrend in the whole last week. Usd chf […]
WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 84.05 with a target of 63.00 – 54.50 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 84.05 will allow the asset to […]
FOREX MARKET PASSING THROUGH AN EXTREMELY LOW VOLUME PHASE – Forex Trading Analysis
Since mid April forex market is passing through a record low volume phase. Market is neither in hurry to reach the Top nor Bottom. Besides low volume due to summer season, coronavirus making the trading situations worse. But even in this type of ultra low volume conditions, good traders are continuing to find trading opportunities. […]
XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 1866.32 with a target of 1741.81 – 1711.41. Alternative scenario: breakout and consolidation above the level of 1866.32 will allow the pair to continue rising to the levels of 1920.84 […]
SELL OPPORTUNITY KNOCKING IN EUR USD. – Forex Trading Analysis
Eur Usd is trading in a small range since mid April. However some good opportunities were arisen in the meantime. But now the pair started hitting the resistance lines. Means that a good sell opportunity is knocking. It is still possible that the pair may rise from here but should be taken as a profitable […]
HOW TO TRADE GBP USD NOW? – Forex Trading Analysis
GBP USD After making a low around 1.20800 Gbp usd is now trading around 1.26000. Big question is that if the pair near it’s Top now or the strength will continue further? The answer according to us is that it is always hard to say if the Top or bottom in any pair is in. […]
USD JPY NEXT TRADE SETUP. – Forex Trading Analysis
USD JPY Usd jpy gained strength recently due to jpy’s weakness it was not due to Usd’s strength. After passing so much time in a range bound atmosphere, the pair now started to show signs of overstretched strength, it doesn’t really mean that the further strength is totally ruled out but the strength should be […]
NEXT TRADING STRATEGY IN USD JPY – Forex Trading Analysis
Usd jpy USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through a record low volatility phase now a days, so little opportunities arising these days. USD JPY is trading in a small range of […]