Author: Silas W

Can you guess the charts below? Both charts represent the same market but at different time horizons. Will the top chart finally break above the channel? Does the bottom chart show another bounce off the channel support and continue to rally? How do both charts relate to each other? I will give the answer in…

2026.02.06 2026.02.06 GBP/USD: Elliott Wave Analysis and Forecast for 06.02.26–13.02.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above 1.3342 with a target of 1.4050–1.4300. A buy signal: the price holds above 1.3342. Stop Loss: below 1.3342, Take Profit: 1.4050–1.4300. Alternative scenario: Breakout and…

2026.02.06 2026.02.06 Silver Follows Smart Money. Forecast as of 06.02.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The silver bubble has finally burst. This was bound to happen sooner or later, as commodity markets are cyclical. Should we expect XAG/USD to return to its extremes, or will that take decades? Let’s discuss that and outline a trading plan.  The article…

2026.02.06 2026.02.06 EUR/USD: Elliott Wave Analysis and Forecast for 06.02.26–13.02.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above 1.1575 with a target of 1.2400–1.2750. A buy signal: the price holds above 1.1575. Stop Loss: below 1.1575, Take Profit: 1.2400–1.2750. Alternative scenario: Breakout and…

Yesterday’s decision by the Bank of England came as a surprise to forex traders. While the Official Bank Rate was left unchanged at 3.75%, markets were caught off guard by the notably dovish signals regarding future policy. According to media reports, four out of nine Monetary Policy Committee members voted for an immediate rate cut….