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GBPUSD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

Main scenario: consider long positions from corrections above the level of 1.2666 with a target of 1.2910 – 1.3155.

Alternative scenario: breakout and consolidation below the level of 1.2666 will allow the pair to continue declining to the levels of 1.2447 – 1.2294.

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, a descending correction is completed as second wave 2 of (3), and wave 3 of (3) started... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-310524-070624/?utm_source=telegram&utm_medium=social&utm_campaign=post
USDJPY: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

Main scenario: consider long positions from corrections above the level of 153.45 with a target of 161.50 – 167.00.

Alternative scenario: breakout and consolidation below the level of 153.45 will allow the pair to continue declining to the levels of 150.70 – 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 in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-310524-070624/?utm_source=telegram&utm_medium=social&utm_campaign=post
WTI Crude Oil: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00.

Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00.

Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on the daily chart, with wave С of (2) unfolding as its part. Apparently, an ascending correction is completed as second wave of smaller degree ii of C on the H4 time frame, and the third wave iii of С started unfolding. Wave... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-310524-070624/?utm_source=telegram&utm_medium=social&utm_campaign=post
XAUUSD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00.

Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.

Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third wave of smaller degree iii of 3 is forming on the H4 time frame, with wave (iii) of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-310524-070624/?utm_source=telegram&utm_medium=social&utm_campaign=post
USDJPY Forecast for 2024, 2025-2030 and Beyond

The USDJPY is one of the most traded currency pairs in Forex. It's popular with both traders and investors. The pair’s rate is determined by the economic situation in the USA and Japan and by global financial and political developments. Most experts predict the USDJPY will grow soon.

This article analyzes the USDJPY pair and expert opinions regarding its exchange rate in the next few years and beyond. These insights will help you develop a profit-yielding trading strategy.



Highlights and Key Points: USD JPY Forecast 2024-2030


Price today: Trading around 156.707
Forecasts for 2024 indicate that quotes will recover, ranging... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usd-jpy-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post
Nvidia 10:1 stock split planned

Dear Clients,

We inform you about upcoming changes in the parameters of the #NVDA trading instrument in connection with the split of Nvidia shares.

Nvidia's Board of Directors has approved a 10-for-1 stock split of #NVDA, scheduled for June 7, 2024, after the close of trading in the United States.

Therefore, the price of #NVDA shares at the time of the split will be reduced by ten times in proportion to the split.

If you have open positions on #NVDA, please consider the following:



The volume of positions already open at the time of the split will be increased by... Read more https://www.litefinance.org/company/detail/news/104320/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 03.06.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.



Elliott Wave analysis for Bitcoin



The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart. The subwaves [1]-[2]-[3]-[4] have formed for now. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 75,048.50. At that level, the size... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-03062024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dollar: a gorilla in the room. Forecast as of 03.06.2024

The ECB will cut rates in June but then act with an eye on the Fed. The pause may drag on amid accelerating European inflation, which will support the EURUSD. Let’s discuss it and make a trading plan.

Weekly fundamental forecast for dollar

The US economy may not be slowing down, but it is certainly not accelerating. Strong data, including consumer confidence, alternate with weak stats. The Chicago Fed Business Activity Index fell to its lowest level in four years. Personal spending and consumer income didn't live up to Bloomberg experts' forecasts; in real terms, disposable income declined. Demand is... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/dollar-a-gorilla-in-the-room-forecast-as-of-03062024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Short-term analysis for oil, gold, and EURUSD for 03.06.2024

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.

Oil price continues to decline.



Oil price forecast for today: USCrude analysis

Oil continues to decline within the short-term bearish trend. Today, the price is testing the Target Zone 77.11 - 76.12. If it breaches this area, the next selling target will be the Gold Zone 73.81 - 73.48, and trades opened from resistance (B) 80.97 - 80.52 will hit all... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-03062024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Crude Oil Price Forecast: 2024 and Beyond

"Are oil costs expected to go up or down?" is a pertinent inquiry in the financial realm, particularly for traders and investors eyeing the energy market. The oil price forecast is a critical instrument that assists in deciphering the convoluted market dynamics. As we transition into an era where geopolitical tensions and economic uncertainties exacerbate market volatilities, a meticulous examination of the outlook is essential.

Recent data highlights a marked decline post-April 2023 after the OPEC+ production cut announcements. As documented on capital.com, this regression results from various factors, including global recession apprehensions, a high-interest rate milieu, and concerns surrounding... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/oil-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
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Euro to Dollar (EURUSD) Forecast for 2024-2025 and Beyond

EURUSD is one of the major currency pairs. It means that it’s one of the most traded pairs in Forex. However, traders around the globe try to predict its future price for more than opening successful trades. The direction of EURUSD may reflect the strength of either the EU or US economy. Moreover, the EUR to US dollar rate may reflect the overall global market sentiment.  

As the pair is widely traded, it may be hard to forecast its rate for the long term. The Euro/US dollar rate is subject to such factors as interest rate differences, inflation, jobs data,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eurusd-forecast-and-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post
Yen has to outdo itself. Forecast as of 03.06.2024

A weak yen is an acute pain for the Japanese government and the Bank of Japan. For speculators, this is a great carry trade opportunity. At the same time, the USDJPY may begin to consolidate. Let's talk about this topic and make a trading plan.

Weekly fundamental forecast for Japanese yen

When investors were betting on the USDJPY's uptrend reversal in late 2023, they were anticipating 6-7 fed funds rate cuts and several overnight rate hikes. Five months later, the outlook has changed. The market anticipates at least two rate cuts from the Fed. No matter how many steps the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/yen-has-to-outdo-itself-forecast-as-of-03062024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Ethereum Price Predictions: 2024, 2025-2026 and Beyond

Cryptocurrencies are volatile by nature and, thus, are difficult to predict. Nonetheless, cryptocurrency experts have tried their best to forecast the price of Ethereum in 2024 and beyond. The ETH’s price prediction is a controversial topic, but the price of ETH is expected to perform well on the market this year as one of the leading cryptocurrencies. 

While the Ethereum price prediction is not set in stone, its utility as a software network means that it is extremely popular; its wide range of applications means that it has the potential for growth in the long run. Some believe it even... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/ethereum-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
Bitcoin Price Predictions for 2024-2025, 2030 and Beyond

Bitcoin is the world's largest cryptocurrency by market cap. It is also the world's first, most famous, and most expensive cryptocurrency. Retail investors and traders are very interested in BTC's uniqueness, growth potential, and ability to influence other cryptocurrencies. BTC's market cap hit $539,114,505,737, and other digital assets are directly dependent on its price.

In this article, we will look at the history of this cryptocurrency, make a Bitcoin forecast for the future using technical analysis, and also consider the assessments of leading crypto analysts.



Highlights and Key Points



Bitcoin will trade at around $80,000 after April 2024. By the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/bitcoin-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
Zcash Price Predictions: ZEC/USD rate for 2024, 2025-2026 and Beyond

Despite regulation restrictions, the popularity of cryptocurrencies has been growing over the years. We all have heard about Bitcoin, Ethereum, and Litecoin. Still, there are other digital assets that can provide investors with exciting opportunities. ZEC is one of them.  

Zcash is considered a promising token with a high level of anonymity. It's the first open-source digital asset based on a blockchain. The coin appeared on October 28, 2016 and currently has a market cap of $238.5 million dollars. The total possible Zcash supply is 21 million coins.

Although Zcash is based on the Bitcoin framework, their cost varies significantly.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/zcash-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
EOS Price Prediction for 2024, 2025, 2026-2030 and Beyond

EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dApps.’ The coin is recognized as one of the leading tokens in the crypto world, although the market capitalization is not that big. While Ethereum is far more popular, experts know better than to equate popularity with quality.

EOS focuses on speed, scalability, and flexibility — all important things that give it an edge in the eyes of experts. What’s more, EOS tries to solve the problems of limited availability of resources on the network, false transactions, similar requests, spamming apps,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eos-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post
Ripple Price Predictions: 2024 and Beyond

Ripple XRP is one of the leading cryptocurrencies. Although the coin doesn't aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT.

The lawsuit with the SEC became one of the most important events that attracted the attention of the entire cryptocurrency industry. Court hearings began in 2020 and ended only in July 2023. As a result, the court sided with XRP and did not... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/ripple-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
Litecoin Price Prediction for 2024 and Beyond

Litecoin (LTC) cryptocurrency was created in 2011 by former Google employee Charlie Lee. Litecoin is based on the Bitcoin (BTC) protocol code, featuring a faster blockchain and lower reward per block.

LTC ranks among the top 10 cryptocurrencies, second only to Bitcoin. These two digital assets are often compared: if Bitcoin is the "crypto gold," then Litecoin is the "silver." This is probably why the coin manages to attract investor interest, and its price and market cap remain high even in times of market downturns.

This article offers thorough Litecoin price forecasts for 2024 and beyond. Based on the analysis,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/litecoin-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post
NEO Price Prediction for 2024, 2025–2030 and Beyond

Known for its volatility, the digital currency market has always been exposed to both opportunities and risks. NEO, often called "China's Ethereum," has always been on this typical rollercoaster ride, experiencing sharp ups and downs. However, the cryptocurrency continues to attract attention in the crypto sphere, sparking lively discussions and varying Neo price predictions among enthusiasts and skeptics alike.

With its unique blockchain technology and vision to digitize assets using smart contracts, the NEO coin has been on the radar of investors and traders for its potential to carve out a niche in the decentralized financial landscape. Amidst the sea... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/neo-price-prediction-forecast/?utm_source=telegram&utm_medium=social&utm_campaign=post