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Will Reuters' forecast of 1.29 for GBPUSD have come true by the end of 2024? The pair is correcting on the revaluation of market values, and its future will depend on US jobs data. Let's discuss it and make a trading plan. Fundamental forecast for pound for today The pound will collapse — the statement […]

Main scenario: consider long positions from corrections above the level of 1971.59 with a target of 2220.00 – 2300.00. Alternative scenario: breakout and consolidation below the level of 1971.59 will allow the pair to continue declining to the levels of 1912.52 – 1809.00. Analysis: a descending correction appears to have formed as the fourth wave [

Main scenario: consider short positions from corrections below the level of 146.44 with a target of 136.50 – 127.32 once a correction is completed.  Alternative scenario: breakout and consolidation above the level of 146.44 will allow the pair to continue rising to the levels of 149.19 – 151.77.  Analysis: an ascending wave of larger degree [&helli

Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3000 – 1.3147. Alternative scenario: breakout and consolidation below the level of 1.2610 will allow the pair to continue declining to the levels of 1.2490 – 1.2300. Analysis: the first wave of larger degree (1) is presumably formed on […]

Only the golden mean — the employment figures for December close to Reuters' forecast — will help the EURUSD. Conversely, a significant deviation from expectations will drown the pair. Let’s discuss it and make a trading plan. Fundamental forecast for dollar for today The prevailing market opinion is that the US dollar will weaken, but [&helli

Main scenario: consider short positions from corrections below the level of 1.1138 with a target of 1.0794 – 1.0710. Alternative scenario: breakout and consolidation above the level of 1.1138 will allow the pair to continue rising to the levels of 1.1274 – 1.1350. Analysis: a bearish wave of larger degree A is presumably completed on […]

Main scenario: consider short positions from corrections below the level of 0.8621 with a target of 0.8200 – 0.8050 once a correction is completed.  Alternative scenario: breakout and consolidation above the level of 0.8621 will allow the pair to continue rising to the levels of 0.8715 – 0.8805. Analysis: the downside fifth wave of larger […

Main scenario: consider short positions below the level of 1.3510 with a target of 1.2977 – 1.2753 once a correction is completed.  Alternative scenario: breakout and consolidation above the level of 1.3510 will allow the pair to continue rising to the levels of 1.3616 – 1.3773. Analysis: the bullish first wave of larger degree (1) […]

Dear readers, Here's my short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. Elliott Wave analysis for Bitcoin Supposedly, Bitcoin has finished forming the linking wave X that looks like a zigzag [A]-[B]-[C]. The triangle correction (4) is formed as part of the ultimate impulse wave [C]. The price could be

Main scenario: consider long positions from corrections above the level of 69.00 with a target of 81.80 – 85.15. Alternative scenario: breakout and consolidation below the level of 69.00 will allow the asset to continue declining to the levels of 55.00 – 45.00. Analysis: a downside correction presumably continues developing as second wave of larger