ECN Broker LiteFinance

30/06/2023

XAUUSD: Elliott wave analysis and forecast for 30.06.23 – 07.07.23

Main scenario: consider short positions from corrections below the level of 1937.93 with a target of 1836.74 – 1782.50.

Alternative scenario: breakdown and consolidation above the level of 1937.93 will allow the pair to continue the rise up to the levels of 1973.80 – 2022.28.

Analysis: on the daily chart, a downside correction presumably finished developing as the fourth wave of larger degree (4), and the fifth wave (5) is forming. Apparently, the first wave of smaller degree 1 of (5) is formed on the H4 chart, and a local correction is developing as the second wave 2 of (5).... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-300623-070723/

30/06/2023

WTI Crude Oil: Elliott wave analysis and forecast for 30.06.2023 – 07.07.2023

Main scenario: consider short positions from corrections below the level of 72.55 with a target of 61.65 – 54.50.

Alternative scenario: breakout and consolidation above the level of 72.55 will allow the asset to continue rising to the levels of 77.00 – 84.00.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction continues developing as second wave (2). Wave С of (2) is developing on the H4 chart, with wave i of C of (2) completed as its part. A correction is completed as wave ii of C of (2).... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-30062023-07072023/

29/06/2023

https://www.youtube.com/watch?v=Na99lrBuR9Q
The final part !
Be sure to watch the previous two parts to improve your trading skills😎

Welcome to the highly anticipated third part of our YouTube series, where we unlock the potential of advanced charting techniques. Join us as we unravel the ...

29/06/2023

Pound is to pay. Forecast as of 29.06.2023

The market expectations of a rise in the Bank rate to 6.25% should have strengthened the sterling in. However, investors are gradually realizing what aggressive monetary restrictions can lead to. Let us discuss the Forex outlook and make up a GBPUSD trading plan.

Weekly fundamental pound forecast

Everything has its price. Investors believe that the Bank of England will face a recession as the price for the victory over high inflation. The higher goes the interest rate, the longer and deeper will be the recession. The price is too high, and it weakens the pound. Although the interest rate was... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/pound-is-to-pay-forecast-as-of-29062023/

29/06/2023

Short-term analysis for oil, gold, and EURUSD for 29.06.2023

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 continues trading flat.

Oil price forecast for today: USCrude analysis

Oil continues trading flat. The oil traders tested the lower range border and entered purchases there yesterday. The price could test resistance (А) 70.32 – 70.03. Unless the zone is broken out, the price will go down and break through yesterday’s low.

If resistance (A) is broken out, the price... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-29062023/

29/06/2023

Dollar corrects the error. Forecast as of 29.06.2023

If the US economy is strong, one should expect two federal funds rate hikes. If inflation does not return to the target before 2025, the borrowing cost will be at its peak for a very long time. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

Central banks are faced with an unexpected challenge — the amazing strength of their own economies. Despite aggressive monetary tightening, higher-than-expected GDP growth, a strong labor market, and persistently high inflation are taking place. For these reasons, most FOMC members predict two federal funds rate hikes... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/dollar-corrects-the-error-forecast-as-of-29062023/

29/06/2023

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.06.2023

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Elliott Wave Bitcoin analysis

The BTCUSD continues forming an ascending impulse C as a part of the bullish zigzag A-B-C. Impulse C is composed of five sub-waves [1]-[2]-[3]-[4]-[5], four of which have been completed. Correction [4] must have completed as a zigzag (A)-(B)-(C). The price should be rising in impulse [5] to a level of around 32600.00.

Trading plan for BTCUSD today:

Buy 30208.19, Take profit: 32600.00

Elliott Wave Ripple analysis

The... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-forecast-for-btcusd-xrpusd-and-ethusd-29062023/

28/06/2023

Congratulations on the Joyful Holiday of Eid al-Adha!

Dear clients and partners,

Happy Eid al Adha! We wish you all a blessed Eid ul Adha. May your lives be full of peace and joy! We sincerely wish you and your loved ones good health, family well-being and success in all your endeavors.

With best wishes,

LiteFinance team Read more https://www.litefinance.org/company/detail/news/102505/

28/06/2023

https://www.youtube.com/watch?v=Vodwji922d8

You've probably been waiting for part 2 of this video already?
Hurry up and watch it and apply it to your trading😎

In the second part of our compelling YouTube video series, we delve deep into the intricacies of line, bar, candlestick, Heiken Ashi, and area chart types. G...

28/06/2023

LiteFinance Changes Stock CFD Trading Specifications

Dear clients,

Due to the change in the way swaps are calculated by the liquidity provider, LiteFinance changed the current specifications for the following trading instruments:


CFD NYSE;


CFD NASDAQ;


CFD EURONEXT;


CFD LONDON LSE;


CFD XETRA.


You can find more information about all the changes on the company's website in the "Trading Instruments" section. Full information is also available on the LiteFinance online platform and in the MT4 and MT5 trading terminals in the instruments' specifications.

Best regards,

LiteFinance Read more https://www.litefinance.org/company/detail/news/102503/

28/06/2023

Kiwi hit by the truth. Forecast as of 28.06.2023

Unlike the Fed, which expresses confidence in the soft landing for the US economy, the Reserve Bank of New Zealand has been more sincere, claiming that a recession is needed to press down inflation. How did it affect NZDUSD? Let us discuss the Forex outlook and make up a trading plan.

Monthly New Zealand dollar fundamental forecast

The three largest banks in New Zealand predict that even if its economy manages to get out of a technical recession, it will soon plunge into a new recession. The full effect of the 525-basis-point rate hike has yet to come and will... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/kiwi-hit-by-the-truth-forecast-as-of-28062023/

28/06/2023

Short-term analysis for oil, gold, and EURUSD for 28.06.2023

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 trading in the short-term downtrend.

Oil price forecast for today: USCrude analysis

The oil price is trading in the range of 74.30 and 66.95. The price is approaching the lower border of the range. Unless level 66.95 is broken out, the price should be rising, and one could enter longs with the first target at yesterday's high and the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-28062023/