Forex

As expected, the price, under bearish pressure, fell again, updating the local minimum. But there was no strong movement, minor efforts were required for this operation. Perhaps this way, the development of the downward impulse on the smaller time frame has been completed. Then, in the near future, the initiative will be transferred to the…

The situation on the considered pair also suggested the possibility of further decline with an update of the local minimum. The price really dropped, but the movement was quite noticeable, and in the near future, we are unlikely to see any reaction from buyers. It is more likely that the price will drop again, but…

The situation changed slightly during the past trading day. After a successful attack, buyers stopped, not giving their opponents the opportunity to use this pause. As a result, the course froze at a certain price level. Now, after resting a bit, buyers are likely to start forcing events again, which will lead to further price…

2024.10.04 2024.10.04 US Dollar Rises from Ashes. Forecast as of 04.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite some challenges, the US economy is showing resilience and is not as weak as it initially appeared. Meanwhile, its counterparts are consistently underperforming. In light of the ongoing tensions in the Middle East, this presents a potential opportunity for selling the…

The USDCHF price succeeded to achieve our waited target at 0.8543 and finds solid resistance there, to head towards starting expected bearish wave in the upcoming sessions, on its way to achieve negative targets that start at 0.8465 followed by 0.8400. Therefore, we expect to witness negative trades today, noting that breaching 0.8543 will lead…

Brent oil price traded with strong positivity yesterday, as it breached 76.68$ level and reached the extended positive target at 78.47$, and we believe that the way is open to continue the rise after turning back to the bullish channel that appears on the chart, to head towards visiting 79.90$ level as a next positive…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…