Big Moves – April 23 Forex Trades

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Weekly Gold and Forex Trading News — April 23rd 2020

The US Indices finished Tuesday’s trading in the green with Nasdaq adding 0.81% to its value, Dow 0.40% and S&P 500 rose by 0.41%. The US Dollar traded mixed against its major counterparts due to gains on Wall street and better than expeced US Macro economic data. Gold fell and retraced towards $1,283 an ounce by the end of trading. Crude oil fell on speculation that Crude oil Inventories report due out tommorrow will show a higher than expected result. The Euro rose slightly versus other majors as Eurozone Consumer Confidence report came out as predicted. The EUR/USD is trading in a narrow range between 1.3780 support and 1.3820 resistance level. It may break support on Thursday based on the speech of Mario Draghi which could reveal an increase in stimulus or a retention of current plan.
The Pound rose against the other major currencies prior to the release of MPC Asset Purchase Facility Votes and MPC Official Bank Rate votes. Both are expected to come out unchanged at 0,0,9. However any change in the first number could take the pound higher breaching the resistance at 1.6840.
The Japanese Yen traded unchanged versus other major currencies as no Japanese Macro economic data was released. Should the Stock markets in Japan and US drop the pair may cross below support at 101.40 as Investors look to the Japanese Yen as safe haven.

Trump: Want To Try To Be Able To Lift Restrictions On April 30

President Trump: Want To Try To Be Able To Lift Restrictions On April 30

U.S PRES. TRUMP SAYS THERE MAY BE RETALIATION ON INDIA’S DECISION ON EXPORTING HYDROXYCHLOROQUINE

TRUMP: CHINA TRADE DEAL KICKED IN AS OF APRIL 1ST AND IT SEEMS LIKE THEY’RE BUYING BETWEEN $40-$50 BILLION IN US AGRICULTURE PRODUCTS.

— Breaking Market News (@breakingmkts) April 6, 2020

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You know nothing! I live in a state with 21 million people Florida) To date there are 13,700 confirmed cases and only 250 deaths.

My business was ordered shut by the State so I have NO INCOME for 3 weeks now. I amm forced to live off my trading income and I cant leave my house except for dr appts and groceries. I cant go to a park or the beach and in the county where I live there are 180 cases and 5 deaths for a county of 686,000

The economic loss of income is over 5 trillion for how many lives? 10,000 with estimates of up to 100,000. So basically every life costs over 50,000,000 dollars! I don’t know ANYONE who’s life is worth that much

What good is it when 99% of the people who get cov14 live only to live is poverty, losing everything because too many people were scared of dying?

According to records, there were 402,489 total traffic accidents reported in 2020. More than 254,300 people suffered injuries, and there were 3,114 deaths on Florida roads in 2020.
(2020 Florida Accident Stats – Law Firm of Wolf and pravato FL) Since automobiles cause more deaths in Florida than the virus should we ban cars too?

Lives ARE precious but there is a cost to pay and for this virus the cost doesnt justify the price.

Forex Analysis: 8 Apr 2020, 09:00 UTC+00

USD/CAD bouncing off 1st support, more upside expected!

Reason for Entry: Horizontal overlap support, 38.2% Fibonacci retracement

Take Profit : 1.4254

Reason for Take Profit: Horizontal swing high resistance, 76.4% Fibonacci retracement

Reason for Stop loss: Horizontal swing low support

Performed by
analytical expert: Dean Leo InstaForex Group © 2007-2020

Published: 8 Apr 2020, 09:00 UTC+00

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Tuesday, 07 April 2020

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Time Country Indices Period Previous Reading Forecast Actual Reading Importance
23:50 Core Machinery Orders Feb 2.9% m/m; -0.3% y/y -2.9% m/m; -3.0% y/y 2.3% m/m; -2.4% y/y

Japan machinery orders received from the private sector excluding volatile orders.

Current Account Feb 1626.8bln; 612.3bln 2025.4bln; 3067.2bln 2378.1bln; 3168.8bln

Wednesday, 08 April 2020

Time Country Indices Period Previous Reading Forecast Actual Reading Importance
00:30 Westpac Consumer Sentiment Apr 91.9; -3.8%

Consumer Sentiment (or Consumer Confidence) measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion.

ANZ Business Confidence Apr -63.5 -73.1

The results of the ANZ Bank Business survey held among businesses nationwide.

Economy Watchers Survey Mar 27.4; 24.6 22.2; 19.0 14.2; 18.8

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, giving a detailed picture of economic trends in Japan . The survey is based on questionnaires from ‘man on the street’ sectors that are particularly vulnerable to business cycle turns. These segments of the economy include sectors such as retail, restaurant service and taxi driving. With this combined data the Japanese Eco Watchers report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy. The report is usually released less than two weeks after the reporting month, thus its statistics are usually very timely. The headline number is released where 50 represents the center midpoint line of boom/bust sentiment.

10-y Bond Auction Apr -0.77%; 1.0

10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.

10-y Bond Auction Apr 0.307%; 2.23

10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.

10-y Bond Auction Apr 0.307%; 2.23

10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.

Housing Starts Mar 210.069K 173.0K

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada’s construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts’ sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

Crude Oil Inventories Apr 13833K 9800K

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

Crude Oil Inventories Apr 13833K 9800K

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

30-y Bond Auction Apr 1.320%; 2.36

Yields are set by bond market investors, and therefore they can be used to decipher investors’ outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee’s meeting held about two weeks earlier.

Gauge for costs of homes in the United Kingdom. The figure is based on surveyors’ opinions on the state of the market, calculated as is the percent of surveyors reporting a rise in prices minus those reporting a fall. A rise in house prices indicates a strong housing market, which generally reflects a strong overall economy.

Thursday, 09 April 2020

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank’s business. He is in charge of the Internal Auditors’ Office.

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank’s business. He is in charge of the Internal Auditors’ Office.

Since 2004 the ECB has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area.

Since 2004 the ECB has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area.

Time Country Indices Period Previous Reading Forecast Actual Reading Importance
00:30 Trade Balance Feb 18.5bln; 13.8bln 20.3bln; 16.5bln

The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany ‘s Balance of Payment. As Germany is Europe’s largest economy and given Germany’s export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Eurozone trades and extra-Eurozone trades. Intra-trades between Germany and Eurozone countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Eurozone do impact the overall Eurozone trade balance. Given Germany’s large share of Eurozone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

The headline figure for trade balance is expressed in billions of Euros.

GDP Feb 0.0% m/m; 0.0% 3m/3m 0.1% m/m; 0.1% 3m/3m

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX – IM)

C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.

French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

Industrial Production Feb -0.1% m/m; -2.9% y/y 0.1% m/m; -3.0% y/y

A measure of the manufacturing output of the energy sector, factories, and mines. Industrial production is significant as a short-term indicator of the strength of UK industrial activity. Industry accounts for about a quarter of the overall GDP. Because industrial production accounts for most of the volatility in the GDP, foreknowledge of trends in manufacturing go a long way in forecasting UK output. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Pound. However, uncontrolled levels of production and consumption can spark inflation. In times of inflation the Bank of England may raise interest rates to control growth.

Manufacturing Production Feb 0.2% m/m; -3.6% y/y 0.2% m/m; -4.0% y/y

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

Visible Trade Balance Feb -3.7bln -6.0bln

The difference between imports and exports of goods. Visible Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because Britain’s economy is highly trade driven, Visible Trade data can give critical insight into developments in the economy and into foreign exchange rates.

Construction Output Feb -0.8% m/m; 1.6% y/y 0.3% m/m; 0.2% y/y

Index demonstrates the situation in the construction sector; it shows output of products and business activity sizes in this sigment of economy.

Index of Services Feb 0.0% 3m/3m; 0.1% m/m 0.3% 3m/3m; 0.2% m/m

The index tracks activity in services sector.

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

Industrial Production Feb 3.7% m/m; -0.1% y/y -1.5% m/m; -3.0% y/y

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Italy. Industrial production is significant as a short-term indicator of the strength of Italian industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

Employment Change Mar 30.3K -500.0K

Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures.

Part Time Employment Change Mar 37.6K; -7.3K

modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument.

Participation Rate Mar 65.5% 65.0%

The participation rate is the percentage of the total number of people of labour-force age (15 years and over) that is in the labour force (either working or looking for work). The data provided by Statistics Canada is monthly and deseasonalized; this eliminates the impact of seasonal variations and makes it possible to compare data throughout the year. A higher than expected reading should be taken as positive/bullish for the CAD , while a lower than expected reading should be taken as negative/bearish for the CAD.

New Housing Price Index Mar 0.4% m/m; 0.6% y/y

A component of the Consumer Price Index (CPI) that measures changes in prices for new homes. Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index.

Note: The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased (e.g. added swimming pool and better construction materials), then the price for new homes is considered to have fallen.

PPI Mar -0.6% m/m; 1.3% y/y -0.3% m/m; 0.5% y/y

Measures changes in the selling prices producers charge for goods and services, and well as tracks how prices feed through the production process. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is valuable as an early indicator of inflation. Simply put, inflation reflects a decline in the purchasing power of the Dollar, where each dollar buys fewer goods and services. The report also gives insight into how higher prices from raw materials flow toward the final product.

A rise in PPI signals an increase in inflationary pressures. Given the economic instability associated with rising price levels, the Fed often will raise interest rates to check inflation. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown.

The headline figure is expressed in percentage change of producer price.

Notes: The PPI records prices at various stages of production: raw goods, intermediate goods and finished goods. Though intermediate and crude goods price do provide insight for future inflationary pressure, it is the price of finished goods that generates most interest for market participants. The finished goods data is able to gauge price pressure before the goods reach the retail market.

PPI Core Mar -0.3% m/m; 1.4% y/y 0.0% m/m; 1.2% y/y

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Unemployment Claims Apr 6648K 5000K

The indicator shows the number of unemployed people in the USA.

Unemployment Claims Apr 6648K 5000K

The indicator shows the number of unemployed people in the USA.

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers’ wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

Federal Reserve Chair Jerome Powell. Fed Chair Feb 2020 – Feb 2022. Fed Governor May 2020 – Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed’s website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Weekly report about natural gas storage change in the USA.

Weekly report about natural gas storage change in the USA.

The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.

The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.

LTC/USD Elliott Wave Forecast 6th April to 20th April 2020

LTC/USD Elliott Wave Forecast 6th April to 20th April 2020

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Last Updated: Apr 6, 2020 @ 4:20 pm

LTC/USD Elliott Wave Forecast in 4 hours chart

Based on technical analysis LTC/USD Elliott Wave Forecast, the bearish trend is present in LTC/USD pair, 4 hours time frame based on LTC/USD Elliott Wave Weekly Forecast. As I have forecasted few hours ago, the price of LTC/USD pair is going to drop now to prints a Bearish Impulse wave Elliott wave pattern and traders should look for a sell trade. So, all those Forex traders who have followed my Elliott wave forecast have made the right decision as price has descended.

Strong key resistance level is present at 63.74 price area which is termination point of Bearish impulse wave i leg. In my judgment, price action in LTC/USD pair is now going to move sideways. Next expect further decline in price action to complete a Bearish Impulse wave pattern – wave v. So, market is going to remain bearish on a short term basis. Next, expects a short term bottom in price action as well. Based on Elliott wave forecast, current Bearish trend is part of a Bearish corrective Elliott wave pattern, wave B leg in higher time frame.

Currently, Bearish impulse Elliott wave pattern, wave v leg looks in-complete. So, a good idea is to look for a possible sell trading chance to join down trend around 41.22 price area. However; if price of LTC/USD pair breaks above 63.74 vital resistance level then down trend is going to end. In such a market scenario, it would be best not to trade market and re-do LTC/USD Elliott wave analysis in four hours chart.

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Now, at this point; I must acknowledge that the trend is bullish in higher time frame of LTC/USD pair.

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LTC/USD Elliott Wave Forecast in daily chart

Below is the daily chart of LTC/USD pair with my Elliott wave forecast which shows us a big picture and a bit weak bullish trend.

To me; price is printing Bearish corrective wave B leg which is going to complete soon. So, expect price action in LTC/USD pair to rise up more to complete motive wave pattern. Next, price is going to prints a medium term top as well. Overall price action is printing a Bullish Zig Zag corrective wave pattern. Within Bullish Zig Zag corrective Elliott wave pattern, all sub-waves must sub-divides into 5, 3 and 5 waves pattern.

The following Elliott Wave Bullish Zig Zag wave diagram shows us a completed Bullish Zig Zag corrective pattern within the frame work of Elliott wave principle.

The bullish Zig Zag wave pattern of the Elliott wave principle shows that how price action does not moves in a straight line fashion but in a series of highs (rises) and lows (retracements). Bullish Zig Zag Elliott wave pattern in an up trending market could be seen inside the above image. The figure shows what a Bullish Zig Zag Elliott wave pattern looks like. If a trader knows what a bullish Zig Zag pattern looks like, then it would become much easy for a currency trader to actually analyze the Forex charts and make a trading decision as well.

A Bullish Zig Zag consists of two Impulse Elliott wave patterns, joined by a B wave. We use A English alphabet to label first impulse Zig Zag wave leg and we use C English alphabet to label second Impulse Zig Zag wave leg. Please take a note that Bullish Zig Zag pattern is a corrective Elliott wave pattern which appears at a pull back in a main down market trend.

Based on my LTC/USD using Elliott Wave in daily chart, we have got an in-complete bearish wave B leg. So, market is going to first drop to complete the wave B and then rise up to prints bullish Impulse wave A leg. However; it is possible if price breaks below green colour support line then forecast will become in-valid. Now, price action is probably going to move sideways. Next, expects a decline in market to complete a Bearish Zig Zag corrective wave B leg.

To me; in four hours chart of LTC/USD pair the bearish waves v leg which is part of a higher degree wave B corrective pattern in daily chart is just a bearish leg in an up trend. As mentioned above as Bearish Impulse wave leg inside a 4 hours chart.

Strong key support level is present at 20.43 price area in LTC/USD daily chart. So, I expect market to first move sideways for next coming trading days and then may be start moving up. So, in my opinion market is going to remain bullish overall. And on a medium to long term basis, expects a sideways to bullish leg in market. Next, market is probably going to resume the Bullish trend after that in LTC/USD pair, in daily chart.

Now, when an existing Bullish Elliott Wave Weekly Forecast in LTC/USD is going to fail?

Well, the forecast is good for about next two weeks time. And price should stays above 20.43 support area in daily time frame to keep the up trend alive. A clear bearish break down in price action below 20.43 support area will end an up trend. It will also fail bullish Elliott Wave Weekly Forecast as well. In such a market scenario, it would be best not to trade the market and re-analyze LTC/USD daily chart.

Summary

Based on LTC/USD Elliott Wave Weekly Forecast the trend is up in daily chart. A good idea is to look for a buy trade around 45.88 price area. As price action is going to rise up towards 147.60. But a clear bearish break down in price action below 20.43 vital support area will end up trend. On a medium term basis, it is a bearish trend in LTC/USD 4 hours time frame.

A good idea is to take a sell trade around 41.22 price level. Next, price is probably going to drop more towards 23.25 price level. However; if price of LTC/USD pair breaks above 63.74 vital resistance level then bearish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

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About Muhammad Azeem

In year 2020, Mr. Azeem passed Certified Elliott Wave Analyst Level 1 Exam with 93% score. Trading Style and Methodology: Mr. Azeem is a pure technician and he solely employs technical market analysis in trading. YouTube Forex Trading Education Channel He believes that the news is just the catalyst for technical events. In his opinion, prices are so far ahead of any news story as every conceivable fundamental possibility has already been discounted.

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