Triple Top Pattern in Forex Trading: Identification and Interpretation Guide
Using technical analysis in trading is often limited to analyzing price chart patterns, with price action patterns being the most common subtype. More than 50 chart patterns are currently known, but there are popular patterns that can be found on any time frame. Such patterns include the triple top and triple bottom patterns.
Although triple bottoms and triple tops are the same chart pattern, traders use the triple bottom more often due to this pattern psychology: buying is psychologically easier than selling.
Key Takeaways
What is a Triple Top Chart Pattern?
A triple top is a chart pattern that signals a... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-professionals/100-most-efficient-forex-chart-patterns/forex-triple-top/?utm_source=telegram&utm_medium=social&utm_campaign=post
Using technical analysis in trading is often limited to analyzing price chart patterns, with price action patterns being the most common subtype. More than 50 chart patterns are currently known, but there are popular patterns that can be found on any time frame. Such patterns include the triple top and triple bottom patterns.
Although triple bottoms and triple tops are the same chart pattern, traders use the triple bottom more often due to this pattern psychology: buying is psychologically easier than selling.
Key Takeaways
What is a Triple Top Chart Pattern?
A triple top is a chart pattern that signals a... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-professionals/100-most-efficient-forex-chart-patterns/forex-triple-top/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Triple Top in trading: How to use this reversal pattern | LiteFinance
What does a Triple Top pattern signal in a price chart? Learn to spot and use this bearish reversal pattern in forex analysis.
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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Highlights and key points
BTCUSD: The price has grown in the final part of impulse C, and a bearish wave is projected to start. Short positions can be opened from the current level with Take Profit at 66,833.79.
XRPUSD: A downward impulse 3 is forming. Consider short positions with Take Profit at 0.426.
ETHUSD: The price is expected to decline in a new wave. Consider selling from the current level with Take Profit at 2,091.94.
Elliott Wave Analysis for Bitcoin
BTCUSD may be forming... 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-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Highlights and key points
BTCUSD: The price has grown in the final part of impulse C, and a bearish wave is projected to start. Short positions can be opened from the current level with Take Profit at 66,833.79.
XRPUSD: A downward impulse 3 is forming. Consider short positions with Take Profit at 0.426.
ETHUSD: The price is expected to decline in a new wave. Consider selling from the current level with Take Profit at 2,091.94.
Elliott Wave Analysis for Bitcoin
BTCUSD may be forming... 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-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.11.2024 | LiteFinance
Elliott Wave analysis for Bitcoin, Ripple, and Ethereum. Short-term forecast for cryptocurrencies BTCUSD, XRPUSD, and ETHUSD for 06.11.2024
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Short-term Analysis for Oil, Gold, and EURUSD for 06.11.2024
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.
The euro has reached all its bearish targets within a short-term downtrend.
Highlights and key points
USCrude: oil has declined after hitting the resistance (B) 72.01 - 71.51 within a short-term downtrend.
XAUUSD: gold is trying to grow after touching the support (B) 2707 - 2699.
EURUSD: the euro has plummeted amid Donald Trump's victory in the US election.
Oil price... 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-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
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 has reached all its bearish targets within a short-term downtrend.
Highlights and key points
USCrude: oil has declined after hitting the resistance (B) 72.01 - 71.51 within a short-term downtrend.
XAUUSD: gold is trying to grow after touching the support (B) 2707 - 2699.
EURUSD: the euro has plummeted amid Donald Trump's victory in the US election.
Oil price... 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-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Technical analysis for USCrude, XAUUSD, and EURUSD today (06 November 2024)
Short-term forecast for oil, gold, and euro-dollar today. The euro has reached all of its bearish targets within a short-term downtrend.
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US Dollar Soars as Donald Trump Win Seen. Forecast as of 06.11.2024
The increasing likelihood of Donald Trump returning to the White House has led to a rise in the value of the US dollar. As a result of rising US Treasury yields, US assets are becoming more attractive, leading to sell-offs in the EURUSD pair. Let's discuss this topic and make a trading plan.
Highlights and key points
Markets return to the Trump trade amid the rising odds of a red wave.
Polls in favor of Kamala Harris may have been rigged.
The Fed will pause its rate cut cycle.
The EURUSD pair may slide to 1.05.
Weekly US dollar fundamental... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-soars-as-donald-trump-win-seen-forecast-as-of-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
The increasing likelihood of Donald Trump returning to the White House has led to a rise in the value of the US dollar. As a result of rising US Treasury yields, US assets are becoming more attractive, leading to sell-offs in the EURUSD pair. Let's discuss this topic and make a trading plan.
Highlights and key points
Markets return to the Trump trade amid the rising odds of a red wave.
Polls in favor of Kamala Harris may have been rigged.
The Fed will pause its rate cut cycle.
The EURUSD pair may slide to 1.05.
Weekly US dollar fundamental... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-soars-as-donald-trump-win-seen-forecast-as-of-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
US Dollar Soars as Donald Trump Win Seen. Forecast as of 06.11.2024 | LiteFinance
Weekly US dollar forecast. Markets are back to the Trump trade. EURUSD medium-term outlook.
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Economic calendar for the week 11.11.2024 – 17.11.2024
Market participants are actively digesting the outcomes of last Thursday's US Fed meeting, which followed the presidential election held the week prior.
In the upcoming week, traders will focus on the US inflation data. Besides, market participants will monitor the publication of important macro statistics on China, the US, New Zealand, Australia, the eurozone, Germany, the UK, and Japan.
Note: During the coming week, new events may be added to the calendar, and / or some scheduled events may be canceled. GMT time
Key facts
Monday: the Reserve Bank of New Zealand's inflation expectations.
Tuesday: UK labour market data.
Wednesday: US... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/economic-calendar-for-the-week-11112024-17112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Market participants are actively digesting the outcomes of last Thursday's US Fed meeting, which followed the presidential election held the week prior.
In the upcoming week, traders will focus on the US inflation data. Besides, market participants will monitor the publication of important macro statistics on China, the US, New Zealand, Australia, the eurozone, Germany, the UK, and Japan.
Note: During the coming week, new events may be added to the calendar, and / or some scheduled events may be canceled. GMT time
Key facts
Monday: the Reserve Bank of New Zealand's inflation expectations.
Tuesday: UK labour market data.
Wednesday: US... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/economic-calendar-for-the-week-11112024-17112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Review of the main events of the Forex economic calendar for the next trading week (11.11.2024 – 17.11.2024) | LiteFinance
Trading on key Forex news: next week, the publication of important macro statistics on China, the US, New Zealand, Australia, the eurozone, Germany, the UK, and Japan is expected | 11.11.10.2024 – 17.11.2024
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Peso Bruised After Trump Victory. Forecast as of 06.11.2024
Implementing a 25% tariff on all Mexican imports, as proposed by Donald Trump, would have a detrimental impact on the Latin American country's economy. Approximately 80% of goods are currently sold in the US, making it challenging to replace such a significant trading partner. Let's discuss this topic and make a trade plan for the USDMXN pair.
Highlights and key points
New tariffs on Mexico will put its economy at risk.
China is hiding its direct investments in Latin America.
Banxico will be forced to adjust its rate-cut cycle.
The USDMXN pair may soar to 21.3 and 22.2.
Monthly fundamental... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/peso-bruised-after-trump-victory-forecast-as-of-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Implementing a 25% tariff on all Mexican imports, as proposed by Donald Trump, would have a detrimental impact on the Latin American country's economy. Approximately 80% of goods are currently sold in the US, making it challenging to replace such a significant trading partner. Let's discuss this topic and make a trade plan for the USDMXN pair.
Highlights and key points
New tariffs on Mexico will put its economy at risk.
China is hiding its direct investments in Latin America.
Banxico will be forced to adjust its rate-cut cycle.
The USDMXN pair may soar to 21.3 and 22.2.
Monthly fundamental... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/peso-bruised-after-trump-victory-forecast-as-of-06112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Peso Bruised After Trump Victory. Forecast as of 06.11.2024 | LiteFinance
Monthly forecast for Mexican peso. The peso is a major outsider during the Trump trade. USDMXN's medium-term prospects.
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Next Lucky Ticket Draw Winners in Kazakhstan, Kyrgyzstan, and Uzbekistan Announced
Dear clients,
We are pleased to announce the next three winners of the Lucky Ticket contest for traders from Kazakhstan, Kyrgyzstan, and Uzbekistan.
Mrs. Luiza Mirgiyazova, with account number MT4-ECN2-801739, won the first prize, a Galaxy S24 Ultra. Her lucky ticket number is 1090.
Mr. Roman Potekhin drew the lucky ticket number 0744 and won a trading deposit of $1,000. His account number is MT4-ECN2-651386.
The $500 prize deposit was awarded to Mr. Kabylkair Sultanov with account number MT5-ECN-6949941 and Lucky Ticket number 1549.
We sincerely congratulate the winners and wish them successful trading.
We also remind you that only... Read more https://www.litefinance.org/company/detail/news/105234/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dear clients,
We are pleased to announce the next three winners of the Lucky Ticket contest for traders from Kazakhstan, Kyrgyzstan, and Uzbekistan.
Mrs. Luiza Mirgiyazova, with account number MT4-ECN2-801739, won the first prize, a Galaxy S24 Ultra. Her lucky ticket number is 1090.
Mr. Roman Potekhin drew the lucky ticket number 0744 and won a trading deposit of $1,000. His account number is MT4-ECN2-651386.
The $500 prize deposit was awarded to Mr. Kabylkair Sultanov with account number MT5-ECN-6949941 and Lucky Ticket number 1549.
We sincerely congratulate the winners and wish them successful trading.
We also remind you that only... Read more https://www.litefinance.org/company/detail/news/105234/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Three More Lucky Ticket Draw Winners Announced | LiteFinance
The sixth of nine Lucky Ticket draws in Kazakhstan, Kyrgyzstan, and Uzbekistan has ended. The winners got a Galaxy S24 Ultra and two trading deposits of $1,000 and $500.
Long Position vs. Short Position: Differences, Pros & Cons
Trading in financial markets involves buying and selling assets for profit, and its key element is opening short or long positions, which are widely used in stock, commodity, cryptocurrency, and currency markets.
Opening a long position means purchasing an asset with the anticipation of its future growth. In contrast, opening a short position involves selling a borrowed asset with the intention of buying it back later at a lower price. These two opposing strategies enable traders and investors to profit from both rising and falling market prices.
Key Takeaways
A long position involves buying an asset to hold and sell... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/orders-market-limit-and-stop-buy-and-sell/long-vs-short-position/?utm_source=telegram&utm_medium=social&utm_campaign=post
Trading in financial markets involves buying and selling assets for profit, and its key element is opening short or long positions, which are widely used in stock, commodity, cryptocurrency, and currency markets.
Opening a long position means purchasing an asset with the anticipation of its future growth. In contrast, opening a short position involves selling a borrowed asset with the intention of buying it back later at a lower price. These two opposing strategies enable traders and investors to profit from both rising and falling market prices.
Key Takeaways
A long position involves buying an asset to hold and sell... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/orders-market-limit-and-stop-buy-and-sell/long-vs-short-position/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Long vs Short Position Explained: Differences, Pros & Cons | LiteFinance
Discover differences between short and long positions. Learn how to go short and capitalize on price drops. Explore strategies for successful trading and investing.
What Is Yield: Definition, Formula and Calculation
If you plan to trade stocks, you should be able to calculate yield, i.e. profit value. In this ultimate guide for beginners, we overview the definition of stock yield, its formula and ways of calculation, and many other crucial aspects.
What Is a Yield?
Yield represents one of the main indicators of stock initial investments, by which one can assess their potential capital gains, feasibility and compare them with each other. Often, to assess the profitability of investing money, the risk-return ratio is used. The reason is simple: indicators such as profitability and risk themselves are not very informative.
What... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/what-is-yield/?utm_source=telegram&utm_medium=social&utm_campaign=post
If you plan to trade stocks, you should be able to calculate yield, i.e. profit value. In this ultimate guide for beginners, we overview the definition of stock yield, its formula and ways of calculation, and many other crucial aspects.
What Is a Yield?
Yield represents one of the main indicators of stock initial investments, by which one can assess their potential capital gains, feasibility and compare them with each other. Often, to assess the profitability of investing money, the risk-return ratio is used. The reason is simple: indicators such as profitability and risk themselves are not very informative.
What... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/what-is-yield/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
What Is Yield: Calculation, Formula & Definition | Yield in Stocks | LiteFinance
What is yield in stocks? Find out the yield meaning, formula and calculation. Study the types of yields and how they work.
Is Silver a Good Investment in 2024?
Silver has traditionally attracted investors' attention as one of the most stable precious metals, especially during periods of economic instability and rising inflation. However, many people wonder whether silver is a bad or good investment. This precious metal has a number of features that make it a promising asset, but it is essential to consider the potential risks involved.
This article examines silver investment from multiple angles, covering everything from long-term prospects to price volatility, helping you assess whether silver is worth investing in. Besides, it provides an overview of various investment options, including physical silver, mining stocks, and ETFs,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/silver-trading/is-silver-a-good-investment/?utm_source=telegram&utm_medium=social&utm_campaign=post
Silver has traditionally attracted investors' attention as one of the most stable precious metals, especially during periods of economic instability and rising inflation. However, many people wonder whether silver is a bad or good investment. This precious metal has a number of features that make it a promising asset, but it is essential to consider the potential risks involved.
This article examines silver investment from multiple angles, covering everything from long-term prospects to price volatility, helping you assess whether silver is worth investing in. Besides, it provides an overview of various investment options, including physical silver, mining stocks, and ETFs,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/silver-trading/is-silver-a-good-investment/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Is Silver a Good Investment in 2025? | LiteFinance
Buying silver bars and coins is considered a good investment during a crisis. In this article you will learn how to buy or invest in silver through different instruments.
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Directional Movement Index (DMI): Formula, Uses, and Trading Applications
The Directional Movement Index (DMI) is a technical indicator commonly used to confirm signals in trend-following strategies. Different sources may interpret the indicator in various ways. Internationally, the DMI often includes three components: +DI, -DI, and the Average Directional Index (ADX). In trading platforms, this full combination is often called the ADX. However, in some strategies, when the DMI is mentioned, it may refer specifically to the +DI and -DI lines only, excluding the ADX line.
This article compares the ADX and DMI indicators, explains the signals generated by the DMI, and explores how this tool can be applied in... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/best-technical-indicators/dmi-indicator/?utm_source=telegram&utm_medium=social&utm_campaign=post
The Directional Movement Index (DMI) is a technical indicator commonly used to confirm signals in trend-following strategies. Different sources may interpret the indicator in various ways. Internationally, the DMI often includes three components: +DI, -DI, and the Average Directional Index (ADX). In trading platforms, this full combination is often called the ADX. However, in some strategies, when the DMI is mentioned, it may refer specifically to the +DI and -DI lines only, excluding the ADX line.
This article compares the ADX and DMI indicators, explains the signals generated by the DMI, and explores how this tool can be applied in... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/best-technical-indicators/dmi-indicator/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Directional Movement Index (DMI): Definition, Calculation, and Trading Guide | LiteFinance
Discover the DMI and ADX indicators: formula, signals, pros and cons. Learn how to apply them in intraday strategies today.
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Try Your Luck in Lucky Ticket Draw Exclusively for Taiwan
Dear clients,
LiteFinance launches Lucky Ticket Draw in Taiwan! Between 07.11.2024 and 07.02.2025, our clients from Taiwan will have a chance to win one of 19 amazing prizes:
Main prize – Gogoro Scooter JEGO;
iPhone 16 Pro 256GB;
iPad Air 5 64GB;
Playstation 5;
Five AirPods 3rd Gen;
10 Travel Vouchers worth $100 each.
All participants of the raffle will also receive a 30% tradable deposit bonus on their account. Don't miss out on this lucrative offer!
How to participate in the draw?
Deposit at least $500 in one payment.
Activate the promo code LUCKYTW.
Receive one Lucky Ticket for... Read more https://www.litefinance.org/company/detail/news/105224/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dear clients,
LiteFinance launches Lucky Ticket Draw in Taiwan! Between 07.11.2024 and 07.02.2025, our clients from Taiwan will have a chance to win one of 19 amazing prizes:
Main prize – Gogoro Scooter JEGO;
iPhone 16 Pro 256GB;
iPad Air 5 64GB;
Playstation 5;
Five AirPods 3rd Gen;
10 Travel Vouchers worth $100 each.
All participants of the raffle will also receive a 30% tradable deposit bonus on their account. Don't miss out on this lucrative offer!
How to participate in the draw?
Deposit at least $500 in one payment.
Activate the promo code LUCKYTW.
Receive one Lucky Ticket for... Read more https://www.litefinance.org/company/detail/news/105224/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Lucky Ticket Taiwan: Win Gogoro Scooter JEGO | LiteFinance
Get Lucky Tickets and win one of 19 amazing prizes from LiteFinance! All participants of the raffle will receive a 20% tradable bonus on every deposit | LiteFinance
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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Highlights and key points
BTCUSD: The price has likely started rising within a bullish impulse. Consider long positions from the current level with Take Profit at 86,373.27.
XRPUSD: The price is growing within correction (B). Consider long positions with Take Profit at 0.591.
ETHUSD: The final part of the ascending wave X is expected to develop. Consider buying from the current level with Take Profit at 3,062.31.
Elliott Wave Analysis for Bitcoin
BTCUSD may have formed correction [4] as a triple zigzag (W)-(X)-(Y). A new... 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-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Highlights and key points
BTCUSD: The price has likely started rising within a bullish impulse. Consider long positions from the current level with Take Profit at 86,373.27.
XRPUSD: The price is growing within correction (B). Consider long positions with Take Profit at 0.591.
ETHUSD: The final part of the ascending wave X is expected to develop. Consider buying from the current level with Take Profit at 3,062.31.
Elliott Wave Analysis for Bitcoin
BTCUSD may have formed correction [4] as a triple zigzag (W)-(X)-(Y). A new... 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-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 07.11.2024 | LiteFinance
Elliott Wave analysis for Bitcoin, Ripple, and Ethereum. Short-term forecast for cryptocurrencies BTCUSD, XRPUSD, and ETHUSD for 07.11.2024
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Tangible Assets vs. Intangible Assets: How Do They Differ?
Can a business exist without any assets? Actually, no. Today, all kinds of enterprises possess various assets and simply can’t function properly without having some. An asset is traditionally determined as a valuable item, controlled or owned by an entity, person, or government, and it is expected to provide assessable benefit in the future. However, it can also be something that doesn’t have a physical embodiment, e.g., a resource or a strategy. That’s why all assets are subdivided into two major categories: tangible and intangible.
Understanding the very essence of multiple kinds of assets can be a bit confusing, so... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/tangible-vs-intangible-assets/?utm_source=telegram&utm_medium=social&utm_campaign=post
Can a business exist without any assets? Actually, no. Today, all kinds of enterprises possess various assets and simply can’t function properly without having some. An asset is traditionally determined as a valuable item, controlled or owned by an entity, person, or government, and it is expected to provide assessable benefit in the future. However, it can also be something that doesn’t have a physical embodiment, e.g., a resource or a strategy. That’s why all assets are subdivided into two major categories: tangible and intangible.
Understanding the very essence of multiple kinds of assets can be a bit confusing, so... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/tangible-vs-intangible-assets/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Tangible Assets vs. Intangible: Definition, Difference | LiteFinance
Tangible assets vs. intangible assets: who will win this fight? Learn more about the different classifications of assets and enrich your financial knowledge and expertise
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Short-term Analysis for Oil, Gold, and EURUSD for 07.11.2024
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.
Yesterday, gold's short-term uptrend reversed.
Highlights and key points
USCrude: oil is testing the short-term downtrend's boundary 72.01 - 71.51 again.
XAUUSD: gold's short-term uptrend has reversed.
EURUSD: the euro is trading in a correction within the short-term downtrend.
Oil price forecast for today: USCrude analysis
Yesterday, oil tried to continue the short-term downtrend. However, the price has failed to reach... 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-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
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.
Yesterday, gold's short-term uptrend reversed.
Highlights and key points
USCrude: oil is testing the short-term downtrend's boundary 72.01 - 71.51 again.
XAUUSD: gold's short-term uptrend has reversed.
EURUSD: the euro is trading in a correction within the short-term downtrend.
Oil price forecast for today: USCrude analysis
Yesterday, oil tried to continue the short-term downtrend. However, the price has failed to reach... 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-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Technical analysis for USCrude, XAUUSD, and EURUSD today (07 November 2024)
Short-term forecast for oil, gold, and euro-dollar today. Yesterday, gold's short-term uptrend reversed.
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US Dollar Extends Gains Against Euro. Forecast as of 07.11.2024
Donald Trump's policies will likely accelerate inflation in the US and dampen economic growth outside the country. As a result, the Fed will likely have to adopt a more cautious approach with regard to interest rate cuts, whereas the ECB may stick to a more proactive stance. Let's discuss this topic and make a trading plan for the EURUSD pair.
Major takeaways
Fiscal stimulus and trade duties will fuel inflation in the US.
The Fed will be forced to pause rate cuts.
Markets are speculating about the parity of the euro to the US dollar.
Consider short trades on the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-extends-gains-against-euro-forecast-as-of-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Donald Trump's policies will likely accelerate inflation in the US and dampen economic growth outside the country. As a result, the Fed will likely have to adopt a more cautious approach with regard to interest rate cuts, whereas the ECB may stick to a more proactive stance. Let's discuss this topic and make a trading plan for the EURUSD pair.
Major takeaways
Fiscal stimulus and trade duties will fuel inflation in the US.
The Fed will be forced to pause rate cuts.
Markets are speculating about the parity of the euro to the US dollar.
Consider short trades on the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-extends-gains-against-euro-forecast-as-of-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
US Dollar Extends Gains Against Euro. Forecast as of 07.11.2024 | LiteFinance
Weekly US dollar forecast. The EURUSD plunges on fears of the America First policy return. EURUSD medium-term outlook.
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Pound Poised to Plunge Amid Economic Uncertainty. Forecast as of 07.11.2024
The BoE is faced with the challenge of making crucial decisions in the context of ongoing uncertainty. The budget proposed by the Labour Party and Trump's proposed protectionist policies are likely to influence inflation in the UK. Let's discuss these topics and make a trading plan for the GBPUSD pair.
Major takeaways
The repo rate would be 50 bps lower without Labour's budget.
UK inflation will accelerate to 3% in early 2025.
The Bank of England will be forced to act slowly.
The GBPUSD pair may drop to 1.27 and 1.25.
Weekly fundamental forecast for pound sterling
The Bank of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/pound-poised-to-plunge-amid-economic-uncertainty-forecast-as-of-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
The BoE is faced with the challenge of making crucial decisions in the context of ongoing uncertainty. The budget proposed by the Labour Party and Trump's proposed protectionist policies are likely to influence inflation in the UK. Let's discuss these topics and make a trading plan for the GBPUSD pair.
Major takeaways
The repo rate would be 50 bps lower without Labour's budget.
UK inflation will accelerate to 3% in early 2025.
The Bank of England will be forced to act slowly.
The GBPUSD pair may drop to 1.27 and 1.25.
Weekly fundamental forecast for pound sterling
The Bank of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/pound-poised-to-plunge-amid-economic-uncertainty-forecast-as-of-07112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Pound Poised to Plunge Amid Economic Uncertainty. Forecast as of 07.11.2024 | LiteFinance
Weekly forecast for pound. The Bank of England is facing a challenging time. Medium-term prospects for GBPUSD.
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Decoding Higher Highs and Lower Lows: Trading Basics
Understanding higher highs and lower lows is crucial for trend prediction in technical analysis and trading. These chart patterns help identify and use ongoing market movements in trading strategies.
This article will explain how to spot highs and lows in the world of trading, why they are key market indicators, and how to use them to improve your trading strategy.
Key Takeaways
Higher Highs (HH) and Lower Lows (LL) help spot market trends.
Higher Lows (HL) signal a potential trend reversal to the upside when highs finish higher.
A Lower High concept (LH) indicates weakening buying pressure and a bearish trend.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/technical-analysis/lower-highs-and-higher-lows/?utm_source=telegram&utm_medium=social&utm_campaign=post
Understanding higher highs and lower lows is crucial for trend prediction in technical analysis and trading. These chart patterns help identify and use ongoing market movements in trading strategies.
This article will explain how to spot highs and lows in the world of trading, why they are key market indicators, and how to use them to improve your trading strategy.
Key Takeaways
Higher Highs (HH) and Lower Lows (LL) help spot market trends.
Higher Lows (HL) signal a potential trend reversal to the upside when highs finish higher.
A Lower High concept (LH) indicates weakening buying pressure and a bearish trend.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/technical-analysis/lower-highs-and-higher-lows/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Understanding Higher Highs and Lower Lows in Trading Patterns | LiteFinance
What are Higher Highs and Higher Lows vs. Lower Highs and Lower Lows in trading? Learn how this pattern helps predict trends and optimize trading strategies! Hands-on tips and examples to improve your trading performance!
Benefits of Forex Trading
Most investors in the modern market choose Forex trading to join the global financial world and start trading. It is also known by the initials FX, which stands for Foreign Exchange. This rapidly developing currency market is considered the most suitable for beginners in the trading world. Popular banks such as JP Morgan and UBS, as well as various financial institutions and Forex brokers, are the economic entities through which it's possible to buy and sell currency values such as US Dollars, Euros, etc.
The Foreign Exchange market allows trading of any type of securities in various currencies depending on... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/what-is-forex/forex-trading-benefits/?utm_source=telegram&utm_medium=social&utm_campaign=post
Most investors in the modern market choose Forex trading to join the global financial world and start trading. It is also known by the initials FX, which stands for Foreign Exchange. This rapidly developing currency market is considered the most suitable for beginners in the trading world. Popular banks such as JP Morgan and UBS, as well as various financial institutions and Forex brokers, are the economic entities through which it's possible to buy and sell currency values such as US Dollars, Euros, etc.
The Foreign Exchange market allows trading of any type of securities in various currencies depending on... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/what-is-forex/forex-trading-benefits/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Benefits of Forex Trading: Advantages and Disadvantages Guide | LiteFinance
Want to trade in the Forex market? Learn everything you need to know about the benefits of Forex trading and some drawbacks you need to avoid as a new investor
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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.11.2024
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Major Takeaways
BTCUSD: The price has likely started rising within a bullish impulse. Consider long positions from the current level with Take Profit at 86,373.27.
XRPUSD: The price is growing within correction (B). Consider long positions with Take Profit at 0.591.
ETHUSD: The final part of the ascending wave X is expected to develop. Consider buying from the current level with Take Profit at 3,062.31.
Elliott Wave Analysis for Bitcoin
BTCUSD may have formed correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave... 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-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
Dear readers,
I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
Major Takeaways
BTCUSD: The price has likely started rising within a bullish impulse. Consider long positions from the current level with Take Profit at 86,373.27.
XRPUSD: The price is growing within correction (B). Consider long positions with Take Profit at 0.591.
ETHUSD: The final part of the ascending wave X is expected to develop. Consider buying from the current level with Take Profit at 3,062.31.
Elliott Wave Analysis for Bitcoin
BTCUSD may have formed correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave... 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-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.11.2024 | LiteFinance
Elliott Wave analysis for Bitcoin, Ripple, and Ethereum. Short-term forecast for cryptocurrencies BTCUSD, XRPUSD, and ETHUSD for 08.11.2024
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Volume Weighted Average Price (VWAP)
The Volume-Weighted Average Price (VWAP) indicator is a great alternative to standard moving averages. Although moving averages are popular and widely available, forming the basis of many trading platforms and indicators such as Bollinger Bands, they have certain limitations. Moving averages calculate an average price based on time frames but do not take into account trading volumes, which can reduce accuracy.
The need to improve the accuracy of the analysis has led to the development of alternatives such as exponential and weighted averages (LWMA, WMA). This article reviews the VWAP definition, its pros and cons, and its practical application.
Major... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/best-technical-indicators/vwap-indicator-what-is-vwap-in-trading-and-how-to-use-it/?utm_source=telegram&utm_medium=social&utm_campaign=post
The Volume-Weighted Average Price (VWAP) indicator is a great alternative to standard moving averages. Although moving averages are popular and widely available, forming the basis of many trading platforms and indicators such as Bollinger Bands, they have certain limitations. Moving averages calculate an average price based on time frames but do not take into account trading volumes, which can reduce accuracy.
The need to improve the accuracy of the analysis has led to the development of alternatives such as exponential and weighted averages (LWMA, WMA). This article reviews the VWAP definition, its pros and cons, and its practical application.
Major... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/best-technical-indicators/vwap-indicator-what-is-vwap-in-trading-and-how-to-use-it/?utm_source=telegram&utm_medium=social&utm_campaign=post
LiteFinance
Volume Weighted Average Price (VWAP) Indicator explained | LiteFinance
What is the VWAP and how to use it in MT4 and other platforms? Find out the details about this technical indicator as well as strategies for using it on stock, Forex, and other markets
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