Main scenario: consider long positions from corrections above the level of 81.08 with a target of 94.00 – 100.00. Alternative scenario: breakout and consolidation below the level of 81.08 will allow the asset to continue declining to the levels of 76.50 – 71.00. Analysis: supposedly, a downward correction is completed as second wave of larger degree (2) on the daily chart. The ascending third wave (3) started forming, with wave 1 of (3) developing as its part. On the H4 time frame, there is the fifth wave of smaller degree v of 1 developing, with wave (iii) of v forming... Read full author’s o ..read more

Main scenario: consider long positions from corrections above the level of 153.60 with a target of 158.34 – 161.50. Alternative scenario: breakout and consolidation below the level of 153.60 will allow the pair to continue declining to the levels of 150.75 – 146.44. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degree i of 3 and corrective second wave ii of 3 completed as its parts.... Read full author’s opinion and review ..read more

Main scenario: consider long positions from corrections above the level of 1.2302 with a target of 1.3000 – 1.3200. Alternative scenario: breakout and consolidation below the level of 1.2302 will allow the pair to continue declining to the levels of 1.2220 – 1.2034. Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed, and a descending correction is presumably completed as second wave 2 of (3). Apparently, the third wave... Re ..read more

Main scenario: consider long positions from corrections above the level of 1.0600 with a target of 1.1141 – 1.1350. Alternative scenario: breakout and consolidation below the level of 1.0600 will allow the pair to continue declining to the levels of 1.0437 – 1.0218. Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developing on the H4 time frame, with... Read full author’s opinion and review ..read more

In 2022-2023, there has been much debate as to whether gold and silver act as hedging against inflation. However, elevated prices in 2024 have pushed XAGUSD quotes up 15% YTD. Let's discuss it and make a trading plan for XAGUSD. Monthly fundamental forecast for silver The de-escalation of the conflict in the Middle East was a real blow to XAGUSD bulls. Prices were heading towards the first of two previous targets of $30.6 and $32.2 an ounce. Still, Iran's inaction in response to Israeli strikes significantly reduced geopolitical risk and undermined safe-haven demand. As a result, sil ..read more

Main scenario: consider short positions from corrections below the level of 0.9235 with a target of 0.8325 – 0.8050.  Alternative scenario: breakout and consolidation above the level of 0.9235 will allow the pair to continue rising to the levels of 0.9451 – 0.9838. Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave 3 of (5) is unfolding. The first wave of smaller degree i of 3 is formed... Read full author’s opinion and re ..read more

Main scenario: consider long positions from corrections above the level of 1.3553 with a target of 1.4000 – 1.4200.  Alternative scenario: breakout and consolidation below the level of 1.3553 will allow the pair to continue declining to the levels of 1.3418 – 1.3170. Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, with wave (iii) of iii continuing forming within. Apparently, a local corrective wave iv of (iii) of... Read ful ..read more

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is testing the short-term downtrend's boundary. Oil price forecast for today: USCrude analysis Oil is rising from support (B) 82.06 - 81.57 within a short-term bullish trend. Today, the price reached the April 24 high. If the price consolidates above this level, the next upside target will be the April 19 high. If the price falls during  ..read more

At the beginning of the year, Fed officials were ready to cut rates even against the backdrop of a strong economy. However, by the end of April they intend to hold them in conditions when the economy is cooling. What happened? How will this affect EURUSD? Let's discuss this topic and make up a trading plan. Daily US dollar fundamental forecast Financial markets reacted sharply to the release of US GDP data for the first quarter! The S&P 500 opened with a gap down, but managed to recover most of the decline during the trading session. Treasury yields soared to one-year... Read full aut ..read more

I welcome my readers! I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency. All cryptocurrencies are developing according to previously provided forecasts. Elliott wave Bitcoin analysis Correction (4) continues to develop as a triple zigzag. Sub-waves W-X-Y have been completed. Now, the price is moving up in the linking sub-wave XX. It will soon take the shape of the standard zigzag [A]-[B]-[C]. After the completion of a small downward correction [B], expect the developm ..read more