EURUSD: The euro has tumbled below the Target Zone of 1.1758–1.1725.
Oil Price Forecast for Today: USCrude Analysis
The price of oil keeps trading in a... Read full author’s opinion and review in blog of #LiteFinanceqc.twp.ai/4iPZ5L
The euro continues its short-term downtrend.
Major Takeaways
USCrude: The oil price is rising and is poised to exceed the Monday high of 73.04.
XAUUSD: After a Monday increase, gold is declining in a correction.
Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
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From a global perspective, Bitcoin is likely forming a bearish zigzag (A)-(B)-(C). The current chart shows the structure of impulse (A). Its first four parts have already formed,... Read full author’s opinion and review in blog of #LiteFinanceqc.twp.ai/4iPZ5M
XRPUSD: The price continues to decline in impulse (C). Consider short positions with Take Profit at the 1.142 low.
ETHUSD: Expect a decline in an impulse wave. Consider opening short positions, targeting 1,793.67.
Elliott Wave Analysis for Bitcoin
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott Wave analysis.
Major Takeaways
BTCUSD: The last part of impulse 5 appears to be developing. Consider selling the asset with Take Profit at 62,400.00.