Intraday Analysis – USD tries to stabilise
USDCHF grinds support The US dollar builds a base ahead of the Fed rate decision next week. An initial pop above 0.9240 has prompted short-term sellers to cover some of their bets. Though 0.9280 along the 30-day moving average has proven to be a tough level to crack for the time being. […]
USDJPY: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 USDJPY: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 132.76 with a target of 125.35 – 121.52. Alternative scenario: breakout and consolidation above the level of 132.76 will allow the pair to continue rising to the levels of 134.92 […]
WTI Crude Oil: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 WTI Crude Oil: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 85.30 with a target of 63.00 – 54.50. Alternative scenario: breakout and consolidation above the level of 85.30 will allow the asset to continue rising to the levels […]
XAUUSD: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 XAUUSD: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1861.51 with a target of 2000.00 – 2050.00 after correction. Alternative scenario: breakout and consolidation below the level of 1861.51 will allow the pair to continue declining to the levels of 1772.93 […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (27 January 2023)
2023.01.27 2023.01.27 Short-term analysis for oil, gold, and EURUSD for 27.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, 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 being […]
Intraday Analysis – CAD falls back
USDCAD attempts to rebound The Canadian dollar slipped after the BoC signalled a pause in rate increases. On the daily chart, the pair is looking to hold above 1.3320 as a triangle consolidation pattern seems to be taking shape between 1.3230 and 1.3700. After hitting resistance at the former support at 1.3520 […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (26 January 2023)
2023.01.26 2023.01.26 Short-term analysis for oil, gold, and EURUSD for 26.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, 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. Oil is being […]
Intraday Analysis – USD struggles to bounce
EURUSD continues higher The euro finds support from upbeat PMIs in the eurozone. On the daily chart, the close above last May’s high of 1.0770 continues to fuel the upward thrust. The price action has so far consolidated its gains above this resistance-turned-support, making it a major level to keep the single […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (25 January 2023)
2023.01.25 2023.01.25 Short-term analysis for oil, gold, and EURUSD for 25.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, 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. Euro continues rising. […]
Renko Charts: Guide to Using Renko in Forex Trading & Technical Analysis
2023.01.25 2023.01.25 Renko Charts: Guide to Use in Forex Trading Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Visualizing changes in asset values makes it easier to track trends. This is why Eastern analysts were not satisfied with traditional candlesticks and created alternative ways of representing price changes. One of them is the Renko charts designed to simplify trading by reducing […]