Author: Silas W

2024.10.04 2024.10.04 WTI Crude Oil: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 77.00 with a target of 61.50 – 53.60. A sell signal: if the price holds below 77.00. Stop…

Strategy: CCI Flashback The CCI Flashback is a trend-following strategy. This straightforward approach utilizes moving averages and has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than…

Investing.com – The US dollar has been in demand this week, with the recent streak of greenback weakness running out of steam. However, UBS cautions against going long the dollar going forward. At 08:05 ET (12:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to…

Forex traders who want to be consistently profitable know the importance of tracking the rights and wrongs of the trades that they take. Unfortunately, the impact of the trades that they DON’T take is too often overlooked. Traders are no strangers to missing good trade opportunities. At one point or another, we’ve encountered setups that…

2024.10.04 2024.10.04 USD/JPY: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 141.63 with a target of 151.51 – 153.88. A buy signal: the price holds above 141.63. Stop Loss:…

2024.10.04 2024.10.04 GBP/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 1.2986 with a target of 1.3600 – 1.3800 A buy signal: if the price holds above 1.2986. Stop…

Pro-growth currencies have struggled recently, but the upcoming economic data and central bank meetings are expected to curb further gains in the USD, UBS noted while providing insights into recent currency market movements. The remark from UBS came after US Dollar (DXY index) rebounded after failing to break the 100 mark. The analysts observed that…

2024.10.04 2024.10.04 EUR/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0773 with a target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.0773. Stop Loss: below…