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Also you will find here Forex opinions and learning articles from independent experienced traders.
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Yen crosses critical line in sand. Forecast as of 25.04.2024

You have to be in the right place at the right time to be successful. The Japanese government understands this very well. It is on the verge of intervening in the currency markets to tame USDJPY bulls. Will this move bear fruit? Let's discuss the Forex outlook and make up a trading plan.

Weekly fundamental forecast for Japanese yen

Everything must be done on time. While traders wonder at what level the currency intervention threshold is set, the Japanese government is waiting for the BoJ meeting to act. It refrains from taking action now to avoid a rollercoaster ride in USDJPY. They cannot waste money and achieve nothing.

The... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/yen-crosses-critical-line-in-sand-forecast-as-of-25042024/
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 26.04.2024

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.

All cryptocurrencies are developing according to previously provided forecasts.



Elliott wave Bitcoin analysis



Correction (4) continues to develop as a triple zigzag. Sub-waves W-X-Y have been completed. Now, the price is moving up in the linking sub-wave XX. It will soon take the shape of the standard zigzag [A]-[B]-[C]. After the completion of a small downward correction [B], expect the development of an impulse [C]. The price may rise to the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-26042024/
USD: not according to plan. Forecast as of 26.04.2024

At the beginning of the year, Fed officials were ready to cut rates even against the backdrop of a strong economy. However, by the end of April they intend to hold them in conditions when the economy is cooling. What happened? How will this affect EURUSD? Let's discuss this topic and make up a trading plan.

Daily US dollar fundamental forecast

Financial markets reacted sharply to the release of US GDP data for the first quarter! The S&P 500 opened with a gap down, but managed to recover most of the decline during the trading session. Treasury yields soared to one-year... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usd-not-according-to-plan-forecast-as-of-26042024/
Short-term analysis for oil, gold, and EURUSD for 26.04.2024

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.

The euro is testing the short-term downtrend's boundary.



Oil price forecast for today: USCrude analysis

Oil is rising from support (B) 82.06 - 81.57 within a short-term bullish trend. Today, the price reached the April 24 high. If the price consolidates above this level, the next upside target will be the April 19 high.

If the price falls during the trading session and... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-26042024/
Prizes awarded to first winners of Lucky Ticket Ghana 2024

Dear Clients,

The first stage of Lucky Ticket contest for Ghanaian traders has come to an end, and it's time to announce the results.

We are pleased to announce three Lucky Ticket winners:



Mr. Emmanuel Edmund receives a Macbook Pro;


Mr. Reuben Daliwe Agyegelone won a Sony Playstation 5 gaming console;


Mr. Gyamerah Apau Kofi receives a Samsung 4K Smart TV.



We congratulate the winners and wish them profitable Forex trading!

You can watch interviews with the contest winners below.



There are two more stages of the Lucky Ticket Ghana contest ahead. Don't miss your chance to win a valuable... Read more https://www.litefinance.org/company/detail/news/104093/
USDCAD: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 1.3553 with a target of 1.4000 – 1.4200. 

Alternative scenario: breakout and consolidation below the level of 1.3553 will allow the pair to continue declining to the levels of 1.3418 – 1.3170.

Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, with wave (iii) of iii continuing forming within. Apparently, a local corrective wave iv of (iii) of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdcad-elliott-wave-analysis-and-forecast-for-260424-030524/
USDCHF: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider short positions from corrections below the level of 0.9235 with a target of 0.8325 – 0.8050. 

Alternative scenario: breakout and consolidation above the level of 0.9235 will allow the pair to continue rising to the levels of 0.9451 – 0.9838.

Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave 3 of (5) is unfolding. The first wave of smaller degree i of 3 is formed... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-forecast-for-260424-030524/
EURUSD: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 1.0600 with a target of 1.1141 – 1.1350.

Alternative scenario: breakout and consolidation below the level of 1.0600 will allow the pair to continue declining to the levels of 1.0437 – 1.0218.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developing on the H4 time frame, with... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-260424-030524/
Silver back in saddle? Forecast as of 26.04.2024

In 2022-2023, there has been much debate as to whether gold and silver act as hedging against inflation. However, elevated prices in 2024 have pushed XAGUSD quotes up 15% YTD. Let's discuss it and make a trading plan for XAGUSD.

Monthly fundamental forecast for silver

The de-escalation of the conflict in the Middle East was a real blow to XAGUSD bulls. Prices were heading towards the first of two previous targets of $30.6 and $32.2 an ounce. Still, Iran's inaction in response to Israeli strikes significantly reduced geopolitical risk and undermined safe-haven demand. As a result, silver experienced a pullback.

It never... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/silver-back-in-saddle-forecast-as-of-26042024/
GBPUSD: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 1.2302 with a target of 1.3000 – 1.3200.

Alternative scenario: breakout and consolidation below the level of 1.2302 will allow the pair to continue declining to the levels of 1.2220 – 1.2034.

Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed, and a descending correction is presumably completed as second wave 2 of (3). Apparently, the third wave... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-260424-030524/
USDJPY: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 153.60 with a target of 158.34 – 161.50.

Alternative scenario: breakout and consolidation below the level of 153.60 will allow the pair to continue declining to the levels of 150.75 – 146.44.

Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degree i of 3 and corrective second wave ii of 3 completed as its parts.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-260424-030524/
WTI Crude Oil: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 81.08 with a target of 94.00 – 100.00.

Alternative scenario: breakout and consolidation below the level of 81.08 will allow the asset to continue declining to the levels of 76.50 – 71.00.

Analysis: supposedly, a downward correction is completed as second wave of larger degree (2) on the daily chart. The ascending third wave (3) started forming, with wave 1 of (3) developing as its part. On the H4 time frame, there is the fifth wave of smaller degree v of 1 developing, with wave (iii) of v forming... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-260424-030524/
XAUUSD: Elliott wave analysis and forecast for 26.04.24 – 03.05.24

Main scenario: consider long positions from corrections above the level of 2293.07 with a target of 2450.00 – 2500.00.

Alternative scenario: breakout and consolidation below the level of 2293.07 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.

Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third wave of smaller degree iii of 3 is forming on the H4 time frame, with wave (iii) of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-260424-030524/
World stock market holidays: May 2024

Dear clients,

Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.

Early May Bank Holiday, UK – 06.05.2024




Trading instrument
Closure
Resumption


FTSE
03/05/2024 23:00:00
07/05/2024 3:00:00


XAUUSD
03/05/2024 23:58:59
07/05/2024 1:00:00


XAGUSD
03/05/2024 23:58:59
07/05/2024 1:00:00


XPTUSD
03/05/2024 17:00:00
07/05/2024 10:00:00


XPDUSD
03/05/2024 17:00:00
07/05/2024 10:00:00


CFDs LONDON LSE
03/05/2024 18:30:00
07/05/2024 10:00:00


COFFEE
03/05/2024 20:30:00
06/05/2024 14:30:00


COCOA
03/05/2024 20:30:00
06/05/2024 14:30:00




Buddha's Birthday, Hong Kong – 15.05.2024




Trading instrument
Closure
Resumption


HK50
14/05/2024 22:00:00
16/05/2024 4:15:00


USDKRW
14/05/2024 23:00:00
16/05/2024 3:05:00




Spring bank holiday, UK – 27.05.2024




Trading instrument
Closure
Resumption


FTSE
24/05/2024 23:00:00
28/05/2024 3:00:00


CFDs... Read more https://www.litefinance.org/company/detail/news/104108/
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.04.2024

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



Bitcoin continues to form correction (4) as a triple zigzag. Sub-waves W-X-Y have been completed. Now, the price is moving up in the linking wave XX. XX is expected to take the shape of a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have been completed. Soon, the price may rise to the level of 69536.00 in impulse [C].

Trading plan for BTCUSD today:

Buy 62330.03, Take profit: 69536.00... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-29042024/
Short-term analysis for oil, gold, and EURUSD for 29.04.2024

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.

The euro tests the resistance area of 1.0739 - 1.0685.



Oil price forecast for today: USCrude analysis

Oil is trading in a short-term bullish trend. The price is trying to continue to grow from key support 82.06 - 81.57. The growth target is the April 19 high. If the price consolidates above this high, the next target will be the April 12... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-29042024/
Euro doesn't want to go down. Forecast as of 29.04.2024

No matter how much ECB officials declare independence, they will still follow the Fed. This is what the markets think and if they are correct, EURUSD will rise higher. Let's discuss the Forex outlook and make up a trading plan.

Weekly Euro fundamental forecast

The quarterly PCE data as part of the GDP report and the March PCE data should have knocked out the bulls. However, both times they got up from their knees after being knocked down. Yes, the US stock indices helped the euro, but its buyers are hoping that the ECB may not be as aggressive as it... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/euro-doesnt-want-to-go-down-forecast-as-of-29042024/
Yen's sudden drop hits speculators. Forecast as of 29.04.2024

The USDJPY pair's collapse would be unlikely without Tokyo's intervention. The pair has dropped like a stone, but some speculators expect to take advantage of the intervention and open long trades. Let's discuss this topic and make a trading plan. Let's discuss the Forex outlook and make up a trading plan.

Weekly fundamental forecast for Japanese yen

For several weeks, the markets have been roiled by news of currency interventions by the government and the Bank of Japan. At the end of April, Tokyo decided to enter the Forex market to beat back speculators who had driven the USDJPY to 160, its... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/yens-sudden-drop-hits-speculators-forecast-as-of-29042024/
Verizon Forecast: VZ Stock Price Prediction for 2024, 2025-2030 and Beyond

Verizon Communications Inc. (#VZ), widely recognized for its attractive dividend yield, presents a multifaceted investment opportunity. Some analysts predict moderate growth, while others believe that the stock will be quite volatile due to market uncertainty. At the same time, investors wonder whether Verizon can offer more than consistent dividend income.

While facing sector-wide challenges, the company's performance is underpinned by a solid foundation in terms of assets and equity, suggesting a degree of resilience. This analysis aims to unpack Verizon's potential, examining whether it can offer capital appreciation in addition to its dividend appeal, especially given the competitive and fast-evolving... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/verizon-stock-prediction-is-it-more-than-a-great-dividend-stock/