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LiteFinance

Updated: Dec 17, 2024

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Latest Posts

liteforex

liteforex

August 16, 2024, 12:55

XAUUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: consider long positions from corrections above the level of 2377.25 with a growth target of 2560.00 – 2650.00. A buy signal: the price remains above 2377.25. Stop Loss: below 2350.00, Take Profit: 2560.00 – 2650.00.
Alternative scenario: breakout and consolidation below the level of 2377.25 will allow the pair to continue declining to the levels of 2161.56 – 1988.70. A sell signal: after the level of 2377.25 is broken to the downside. Stop Loss: above 2400.00, Take Profit: 2161.56 – 1988.70.


Main scenario

Consider long positions from corrections above the level of 2377.25 with... 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-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 12:25

WTI Crude Oil: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: once a correction forms, consider short positions below the level of 83.93 with a bearish target of 67.10 – 53.60. A sell signal: after the price returns below 83.93. Stop Loss: above 85.00, Take Profit: 67.10 – 53.60.
Alternative scenario: breakout and consolidation above the level of 83.93 will allow the asset to continue rising to the levels of 94.10 – 100.00. A buy signal: after the level of 83.93 is broken to the upside. Stop Loss: below 82.50, Take Profit: 94.10 – 100.00.


Main scenario

Consider short positions below the level of 83.93... 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-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 12:02

USDJPY: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit: 165.00 – 170.00.
Alternative scenario: breakout and consolidation below the level of 141.66 will allow the pair to continue declining to the levels of 129.34 – 121.00. A sell signal: after the level of 141.66 is broken to the downside. Stop Loss: above 143.00, Take Profit: 129.34 – 121.00.


Main scenario

Consider long positions from corrections above the level of 141.66... 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-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 11:44

Markets Disbelieve RBA Rate Cut Postponed. Forecast as of 16.08.2024

In Australia, the confrontation between investors and the Reserve Bank is gaining momentum. The former are convinced the monetary policy easing will start in 2024, but the central bank insists they are wrong. Let's discuss this topic and make a trading plan for the AUDUSD pair.



Highlights and key points


The derivatives market predicts a decline in the Australian cash rate in 2024.
The return of carry trades is the main driver of the AUDUSD rally.
Short trades can be opened if the pair falls below 0.661 or rebounds from 0.6645 and 0.6685.


Weekly Australian dollar fundamental forecast

RBA Governor... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/markets-disbelieve-rba-rate-cut-postponed-forecast-as-of-16082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 11:26

GBPUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points



Main scenario: consider long positions from corrections above the level of 1.2660 with a growth target of 1.3400 – 1.3740. A buy signal: after the price returns above 1.2660. Stop Loss: below 1.2630, Take Profit: 1.3400 – 1.3740.

Alternative scenario: breakout and consolidation below the level of 1.2660 will allow the pair to continue declining to the levels of 1.2300 – 1.2050. A sell signal: after the level of 1.2660 is broken to the downside. Stop Loss: above 1.2690, Take Profit: 1.2300 – 1.2050.



Main scenario

Consider long positions from corrections above the level of 1.2660... 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-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 10:56

EURUSD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: consider long positions from corrections above the level of 1.0880 with a growth target of 1.1141 – 1.1273. A buy signal: after the price returns above 1.0880. Stop Loss: below 1.0850, Take Profit: 1.1141 – 1.1273.
Alternative scenario: breakout and consolidation below the level of 1.0880 will allow the pair to continue declining to the levels of 1.0773 – 1.0662. A sell signal: after the level of 1.0880 is broken to the downside. Stop Loss: above 1.0900, Take Profit: 1.0773 – 1.0662.


Main scenario

Consider long positions from corrections above the level of 1.0880... 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-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 10:30

USDCHF: Elliott wave analysis and for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: once a correction forms, consider short positions below the level of 0.9047 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.9047. Stop Loss: above 0.9080, Take Profit: 0.8200 – 0.8000.
Alternative scenario: breakout and consolidation above the level of 0.9047 will allow the pair to continue rising to the levels of 0.9226 – 0.9400. A buy signal: after the level of 0.9047 is broken to the upside. Stop Loss: below 0.9020, Take Profit: 0.9226 – 0.9400.


Main scenario

Consider short positions below the level of 0.9047... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-for-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 10:00

USDСAD: Elliott wave analysis and forecast for 16.08.24 – 23.08.24

Highlights and key points


Main scenario: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3465 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit: 1.3465 – 1.3192.
Alternative scenario: breakout and consolidation above the level of 1.3950 will allow the pair to continue rising to the levels of 1.4200 – 1.4350. A buy signal: after the level of 1.3950 is broken to the upside. Stop Loss: below 1.3920, Take Profit: 1.4200 – 1.4350.


Main scenario

Consider short positions from corrections below the level of 1.3950... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdsad-elliott-wave-analysis-and-forecast-for-160824-230824/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 9:29

Verify information and beware of fraudsters!

Dear clients,

There have been recently more frauds that involve illegal use of the LiteFinance trademark for creating fake groups and chats in social networks or messengers, and fake sites.

It’s important to note that scammers often use the names of large and reputable companies for their spam schemes. 

Please be careful and beware of cyber-criminals! Pay attention to who sent you a message and what domain name is used in links.

Also, we have been informed that fraudsters or competitors sometimes create fake support accounts on Telegram and text our clients in the company’s name to obtain their personal... Read more https://www.litefinance.org/company/detail/news/100506/?utm_source=telegram&utm_medium=social&utm_campaign=post

liteforex

liteforex

August 16, 2024, 8:00

Short-term Analysis for Oil, Gold, and EURUSD for 16.08.2024

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.

Gold continues to trade in a short-term uptrend.



Highlights and key points



USCrude: Oil failed to reach the support (A) 75.45 - 75.12. Instead, the price rose to the resistance 77.51 - 77.34 and rebounded.


XAUUSD: Gold is trading in a downward correction. The target is likely near the support (A) 2429 - 2424.


EURUSD: Yesterday, the euro corrected to the support... 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-16082024/?utm_source=telegram&utm_medium=social&utm_campaign=post