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Will USD believe Fed? Forecast as of 11.12.2023

The Fed is trying to convey to the markets the idea of ​​holding the federal funds rate for a long time. US employment data confirms the central bank is right. But the market does not want to give up its desires. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

Is good economic news turning into good news for markets again? Throughout 2023, the opposite was true, as bad news was perceived as a sign of a US GDP slowdown. This, in theory, should have forced the Fed to make a dovish reversal.... Read full author’s opinion and review in blog of https://bit.ly/4aiu56b

Short-term analysis for oil, gold, and EURUSD for 11.12.2023

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 EURUSD short-term downtrend continues.

Oil price forecast for today: USCrude analysis

The oil price is being corrected up and should reach resistance (А) 72.63 - 72.30. When this zone is reached by the price, I suggest entering new sell trades with a target at the low of December 7.

If resistance (A) is broken out, the correction will continue up to... Read full author’s opinion and review in blog of https://bit.ly/4ah8bAa

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.12.2023

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

Within a major impulse C, Bitcoin forms an impulse wave [5]. The formation began after the completion of the triangle pattern. Sub-waves (1)-(2)-(3)-(4) have already been completed within the impulse [5]. Shortly expect a price rise in the final sub-wave (5). It can end at the level of 46131.00, where wave [5] will be equal to impulse [3].

Trading plan for BTCUSD today:

Buy 41872.02, Take profit: 46131.00

Elliott wave... Read full author’s opinion and review in blog of https://bit.ly/3Tl3FuK

XAUUSD: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider long positions above the level of 1988.28 with a target of 2170.00 – 2220.00 after correction.

Alternative scenario: breakout and consolidation below the level of 1988.28 will allow the pair to continue declining to the levels of 1953.46 – 1889.05.

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 the first wave 1 of (5) formed as its part. Apparently, a descending correction finished developing as second wave 2 of (5) on the H4 chart, and the third wave... Read full author’s opinion and review in blog of https://bit.ly/3GxblSK

WTI Crude Oil: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider short positions from corrections below the level of 85.30 with a target of 55.00 – 45.00.

Alternative scenario: breakout and consolidation above the level of 85.30 will allow the asset to continue rising to the levels of 91.05 – 95.65.

Analysis: a downside correction presumably continues developing as second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) started developing on the H4 time frame, with the first wave of smaller degree i of С forming as its part.... Read full author’s opinion and review in blog of https://bit.ly/3GxLVo7

Gold bows to no one. Forecast as of 08.12.2023

At first sight, the environment isn't favorable to the XAUUSD's rally. Inflation is slowing down, recession is far away, and geopolitics is no longer dreadful. Still, gold is rising. Why? Let’s discuss it and make a trading plan.

Weekly fundamental forecast for gold

Gold remains the biggest mystery of 2023. It has grown 13% this year, setting a new record in December, but no one can tell us why. The World Gold Council has long alluded to de-dollarisation and central bank activity. Still, it finally has to admit that the XAUUSD is affected in the short term by the USD's... Read full author’s opinion and review in blog of https://bit.ly/46UKJG1

USDJPY: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider short positions from corrections below the level of 147.50 with a target of 139.60 – 136.60.

Alternative scenario: breakout and consolidation above the level of 147.50 will allow the pair to continue rising to the levels of 151.85 – 156.00.

Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 1 of (5) formed, and a downside correction started developing as second wave 2 of (5). Apparently, wave a of 2 is developing on the H1... Read full author’s opinion and review in blog of https://bit.ly/3RxOAEA

GBPUSD: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider short positions from corrections below the level of 1.2730 with a target of 1.2300 – 1.2030.

Alternative scenario: breakout and consolidation above the level of 1.2730 will allow the pair to continue rising to the levels of 1.2876 – 1.3000.

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 А of (2) is formed on the H4 time frame, and a bullish correction is presumably completed as wave В of (2). Apparently, a bearish wave С of (2) started developing... Read full author’s opinion and review in blog of https://bit.ly/41g13Qs

EURUSD: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider short positions from corrections below the level of 1.0917 with a target of 1.0515 – 1.0255.

Alternative scenario: breakout and consolidation above the level of 1.0917 will allow the pair to continue rising to the levels of 1.1017 – 1.1152.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A downside correction appears to be forming as the second wave 2 of (A) of B on the H4 chart, with wave... Read full author’s opinion and review in blog of https://bit.ly/474KzfH

USDCHF: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider long positions from corrections above the level of 0.8546 with a target of 0.9109 – 0.9246.

Alternative scenario: breakout and consolidation below the level of 0.8546 will allow the pair to continue declining to the levels of 0.8392 – 0.8238.

Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is currently unfolding as second wave 2 of (5). Wave of smaller degree a of 2 is formed on the H4 time frame, and a descending correction is... Read full author’s opinion and review in blog of https://bit.ly/3t7sYWg

USDCAD: Elliott wave analysis and forecast for 08.12.23 – 15.12.23

Main scenario: consider long positions from corrections above the level of 1.3477 with a target of 1.4100 – 1.4300.

Alternative scenario: breakout and consolidation below the level of 1.3477 will allow the pair to continue declining to the levels of 1.3282 – 1.3092.

Analysis: the bullish first wave of larger degree (1) is presumably developing on the daily time frame, with the fifth wave 5 of (1) forming as its part. H4 time frame: the first wave of smaller degree i of 5 is formed and a local correction is presumably completed as second wave ii of 5. Apparently, the... Read full author’s opinion and review in blog of https://bit.ly/4acRVk0

USD to put markets in place. Forecast as of 08.12.2023

The markets' rejection of the US dollar in November was too fast. All because of greed, which does not lead to good. Will the Fed punish markets for their overconfidence? Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

Monetary policy depends on data, but Fed officials still decide everything. The problem is that the markets are not listening to them. The US Central Bank has repeatedly stated that it will not make decisions based on one report. However, the situation in the markets changed significantly after the release of US inflation data... Read full author’s opinion and review in blog of https://bit.ly/41a5eNX

Short-term analysis for oil, gold, and EURUSD for 08.12.2023

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 EURUSD traders were trying to break out the Target Zone.

Oil price forecast for today: USCrude analysis

The oil price is being corrected up in the short-term downtrend. The price is going up from the Target Zone 69.70 - 68.71 and could reach resistance (А) 72.63 - 72.30. When resistance (A) is tested, one could enter new sell trades with a target... Read full author’s opinion and review in blog of https://bit.ly/3uWc51b

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.12.2023

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

Bitcoin is forming an impulse wave [5], which began unfolding after the completion of the triangle pattern. Within the impulse [5], sub-waves (1)-(2)-(3)-(4) have already been completed. Shortly expect a price rise in the final sub-wave (5). It can end at the level of 46131.00, at which it will be equal to the impulse [3].

Trading plan for BTCUSD today:

Buy 43412.13, Take profit: 46131.00

Elliott wave Ripple... Read full author’s opinion and review in blog of https://bit.ly/41ayCUj

https://bit.ly/4a7ljbc

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Pound will say the final word. Forecast as of 07.12.2023

Despite the drop in the GBPUSD, the divergence in monetary policy still has its impact. The slowness of the Bank of England supports the pound. On the other hand, the US dollar looks oversold. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

Should investors change their minds when facts change? Back in late November, global risk appetite was excessively high, and expectations of soft landings for the US and European economies allowed investors to be optimistic about the future of global GDP. As a result, pro-cyclical currencies such as the euro and... Read full author’s opinion and review in blog of https://bit.ly/48a3Tcl

Euro pays for ECB's mistakes. Forecast as of 07.12.2023

Despite the fact that the European Central Bank began raising rates four months later than the Fed, it underestimated the weakness of the eurozone economy. The euro will feel the effects of this decision. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly Euro fundamental forecast

Markets expect central banks to cut rates sharply in 2024, which would only happen during a severe recession. At the same time, falling Treasury yields and oil prices signal growing downside risks. On the other hand, markets are outpacing themselves, forecasting a fall in the federal funds rate by 125 bps and... Read full author’s opinion and review in blog of https://bit.ly/3Tdye5x

Short-term analysis for oil, gold, and EURUSD for 07.12.2023

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 oil price reached the Target Zone 69.70 - 68.71 yesterday.

Oil price forecast for today: USCrude analysis

The oil price reached the Target Zone 69.70 - 68.71 yesterday. The short-term trend remains down. If the price breaks out the TZ, the downtrend will continue with a target at the Gold Zone 66.40 - 66.07.

If the TZ is held up by the buyers,... Read full author’s opinion and review in blog of https://bit.ly/4888Z8D

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.12.2023

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

After the end of the corrective wave [4], which took the shape of a skewed triangle (A)-(B)-(C)-(D)-(E), Bitcoin began developing a wave [5]. The first four parts have been formed inside the wave [5]. Bullish sub-wave (5) is expected to end around 46131.00. At the specified level, wave [5] will be equal to impulse [3].

Trading plan for BTCUSD today:

Buy 44026.70, Take profit: 46131.00

Elliott wave Ripple analysis

The... Read full author’s opinion and review in blog of https://bit.ly/47M6jOl

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Has bitcoin moved into a growth phase or is it global manipulation?
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Economic calendar for the week 11.12.2023 – 17.12.2023

It looks like the dollar's downward correction is coming to an end. After October data on inflation in the United States indicated its further slowdown, market participants started actively taking profit in long positions in the dollar and moving to sales. The dollar has weakened significantly over the past few weeks with its DXY index hitting its lowest level since mid-August at 102.38.

The slowdown in the US inflation has significantly reduced the likelihood of another US interest rate hike. However, dollar buyers perked up after the publication of the US GDP data for the 3rd quarter, which indicated a... Read full author’s opinion and review in blog of https://bit.ly/3t1ppB5

What will stop the S&P 500? Forecast as of 06.12.2023

It may feel as if the S&P 500 price movements in 2023 are not driven by corporate earnings and the strength of the US economy but solely by the Fed's monetary policy. Let's talk about this topic and draw up a trading plan.

Weekly S&P 500 fundamental forecast

The S&P 500 is up about 19% year to date. Could 2024 be a better year for the stock index than 2023? About 63% of the 595 investors participating in the MLIV Pulse survey think so. This optimism is based on the assumption that the Fed will cut the federal funds rate,... Read full author’s opinion and review in blog of https://bit.ly/3GvONly

Euro hit bottom. Forecast as of 06.12.2023

The euro is unable to recover due to fears that the ECB will be the first to ease monetary policy. The US dollar is under pressure due to improving global risk appetite. Who will be the first to deal with problems? Let's discuss this topic and make up a trading plan for EURUSD.

Weekly Euro fundamental forecast

Predicting a dovish reversal by the central bank is as difficult as predicting a break of a currency trend. Be sure to expect a rate reduction only after their increase has been completed. The ECB's Isabelle Schnabel statement that the remarkable slowdown in eurozone inflation... Read full author’s opinion and review in blog of https://bit.ly/3GsHWcu

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 06.12.2023

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 corrective wave [4] took the shape of a skewed triangle (A)-(B)-(C)-(D)-(E). Now Bitcoin is developing the initial part of the bullish impulse [5]. The first four parts are formed inside the wave [5]. Bullish sub-wave (5) is currently unfolding. It is expected to end around 46131.00. At the specified level, wave [5] will be equal to impulse [3].

Trading plan for BTCUSD today:

Buy 43612.19, Take profit: 46131.00

Elliott... Read full author’s opinion and review in blog of https://bit.ly/4889M9X

Short-term analysis for oil, gold, and EURUSD for 06.12.2023

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.

Gold is trading down in the short term.

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continues. The downside target is the Target Zone 69.70 - 68.71.

It is relevant to enter new short trades in resistance (А) 75.77 - 75.44 and resistance (В) 77.58 - 77.09. If the price te**es either of the resistance zones and starts declining, the... Read full author’s opinion and review in blog of https://bit.ly/47GuwFR

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MASTERCANDLE PRICE ACTION TRADING STRATEGY Hi, today we will discuss a very interesting trading strategy based on MasterCandle. A master candle, also known as a mother candle, is a candlestick pattern...

Ethereum Price Predictions: 2023, 2024-2025 and Beyond

Cryptocurrencies are volatile by nature and, thus, are difficult to predict. Nonetheless, cryptocurrency experts have tried their best to forecast the price of Ethereum in 2022 and beyond. The ETH’s price prediction is a controversial topic, but the price of ETH is expected to perform well on the market this year as one of the leading cryptocurrencies.

While the Ethereum price prediction is not set in stone, its utility as a software network means that it is extremely popular; its wide range of applications means that it has the potential for growth in the long run. Some believe it even... Read full author’s opinion and review in blog of https://bit.ly/3Rc8jIu

Will the Aussie rise back? Forecast as of 05.12.2023

Will a worse Australian economic report discourage the AUDUSD bulls? The Reserve Bank of Australia has already made a pause. However, it might change the course. Let us discuss the Forex outlook and make up an AUDUSD trading plan.

Weekly Australian dollar fundamental analysis

The rapid rally of US stock indices and bets on divergence in the monetary policy of the Federal Reserve and the Reserve Bank of Australia gave traders grounds to consider the Aussie to be among the favorites in 2024. However, the slowdown in Australia’s inflation and the reaction of the RBA to this significantly lowered the chances... Read full author’s opinion and review in blog of https://bit.ly/3R5kl6F

Lucky Ticket Draw starts in Singapore

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The Lucky Ticket for Algerian traders starts

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We are glad to announce that the Lucky Ticket lottery has been launched in Algeria! The competition starts on December 5, 2023, and we will raffle off three cash prizes of 1000 USD each.

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Short-term analysis for oil, gold, and EURUSD for 05.12.2023

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 EURUSD short-term downtrend continues.

Oil price forecast for today: USCrude analysis

The short-term oil downtrend started yesterday. The price consolidated below the key support 74.65 - 74.15. The downside target is the lower Target Zone, 69.70 - 68.71. It is relevant to enter new sell trades on the correction at resistance (А) 76.39 - 76.06 or resistance (В) 78.20 - 77.71.

The... Read full author’s opinion and review in blog of https://bit.ly/3RtnRck

USD: too early to say goodbye. Forecast as of 05.12.2023

There are flaws in the ideal theory of the USD index weakening. The US dollar can be supported by both high yields on Treasury bonds and the weakness of competitors' economies. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

The decline of the US dollar depends on the federal funds rate. Morgan Stanley believes that current market expectations for a 125 bps decline in 2024 are too high. This would require a serious recession, which currently looks unlikely. In contrast, according to Deutsche Bank, the Fed will cut borrowing costs by 175... Read full author’s opinion and review in blog of https://bit.ly/3N9Hxzq

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.12.2023

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 large impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5], continues to develop within the actionary wave (Z). Correction [4] has already been completed as the skewed triangle (A)-(B)-(C)-(D)-(E). The price is in the initial part of the bullish impulse [5]. Its sub-waves (1)-(2) and (3) have been completed. Shortly after the completion of correction (4), expect price growth to the level of 43904.77.

Trading plan for BTCUSD today:

Buy 41785.41,... Read full author’s opinion and review in blog of https://bit.ly/483tQKA

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Yen risks and wins. Forecast as of 04.12.2023

The uptrend in the US dollar against the Japanese yen looks so strong that hedge funds and insurance companies do not believe it will reverse. They say that the Bank of Japan will not raise interest rates when others cut borrowing costs. Let us discuss the Forex outlook and make up a USDJPY trading plan.

FundamentalJapanese yen forecast for six months

Which is right, markets or central banks? Numerous stories of the Fed punishing investors for their overconfidence during the current monetary tightening cycle have made them wary of market signals. However, as we know, those who don’t take risks don’t... Read full author’s opinion and review in blog of https://bit.ly/3t4n7Be

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How to always stay on the plus side when closing an asset? The answer is in our new video

Easy Price Action Trading STRATEGY | FOREX / CRYPTO / STOCKS Hi today we will discuss gaps. In the context of financial markets, a "gap" refers to a significant difference between the closing price of an asset and the ...

Short-term analysis for oil, gold, and EURUSD for 04.12.2023

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 gold price has broken out the Gold Zone 2079 - 2075 today.

Oil price forecast for today: USCrude analysis

The oil price continues declining. The oil traders are trying to consolidate the price below the key support of the short-term uptrend 74.65 - 74.15. If they do, the short-term trend will turn down. In this case, it will be relevant to sell... Read full author’s opinion and review in blog of https://bit.ly/3GMa7n7

Fed will not help USD. Forecast as of 04.12.2023

USD bulls were seriously counting on Jerome Powell's speech, which was supposed to cool buyers in the US stock market and weaken global risk appetite. However, this did not happen. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

Jerome Powell could not say anything in response to Christopher Waller, who was talking about monetary expansion. Statements by the Fed Chairman that the federal funds rate will limit economic growth and that it is too early to talk about easing monetary policy did not impress investors. US stock indices rose, allowing EURUSD to... Read full author’s opinion and review in blog of https://bit.ly/3QYYEF6