USDCAD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 USDCAD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1.3230 with a target of 1.3975 – 1.4205 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.3230 will allow the pair to continue declining to the […]
USDCHF: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 USDCHF: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 0.9161 with a target of 0.9550 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9161 will allow the pair to continue declining to the levels of 0.9087 […]
EURUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23
2023-01-13 2023-01-13 EURUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1.0480 with a target of 1.1020 – 1.1300. Alternative scenario: breakout and consolidation below the level of 1.0480 will allow the pair to continue declining to the levels of 1.0240 […]
Intraday Market Analysis – USD continues to struggle
NZDUSD extends gains The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after clearing the major supply zone around 0.6400. The 38.2% Fibonacci retracement level at 0.6330 […]
GBPUSD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 GBPUSD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1.1842 with a target of 1.2442 – 1.2674. Alternative scenario: breakout and consolidation below the level of 1.1842 will allow the pair to continue declining to the levels of 1.1677 […]
USDJPY: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 USDJPY: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 132.88 with a target of 125.35 – 121.52. Alternative scenario: breakout and consolidation above the level of 132.88 will allow the pair to continue rising to the levels of 138.24 […]
XAUUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23
2023-01-13 2023-01-13 XAUUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1784.20 with a target of 1950.00 – 2000.00. Alternative scenario: breakout and consolidation below the level of 1784.20 will allow the pair to continue declining to the levels of 1723.86 […]
WTI Crude Oil: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 WTI Crude Oil: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 94.22 with a target of 63.00 – 54.50 once the correction is completed. Alternative scenario: breakout and consolidation above the level of 94.22 will allow the asset to […]
Russell 2000 Technical Analysis | Forexlive
The recent economic data gave the Russell 2000 and the market reason to break out of the Christmas holidays range and the bullish sentiment looks to be strong. The beat in NFP numbers and the miss in AHE (Average Hourly Earnings) made the market to expect a goldilocks scenario: strong labour market without wage inflation. […]
Price Action Technical Analysis Reveals the Footprint of Money » Learn To Trade The Market
Price action is the movement of price over time, this movement leaves behind a ‘footprint’, the footprint of money. This footprint, once understood properly, reveals to us the story on the chart… Price action analysis is the act of analyzing and making sense of the footprint of money on the chart. By understanding this footprint, […]