XRP/USD are trading at 1.1515 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 53,745,072,011. Moving averages indicate a short-term uptrend in Ripple. Prices are located above the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Stock index S&P 500 continue to move within the framework of strong growth and a bullish channel. Moving averages indicate a short-term uptrend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4485. At the moment, we should expect an attempt to develop a decline and test the support level near the 4475 area. Where can…
LTC/USD are trading at 175.37 and continue to move as part of the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,658,756,925. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1673 area. The pair continues to move as part of the fall and the beginning of the development of the large “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level…
BRENT finish the trading week near the area of $ 65.99 per barrel. And it continues to move within the fall and left the ascending channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 68.05. Then, the rebound and the continuation of the fall of oil to the area below the level of $ 40.75 per barrel.…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3609 area. The pair continues to move within the fall and the formation of the ”Wedge” pattern. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. For now, we should expect an attempt to reduce and test the support area near the level of 1.3545. Further, the rebound and the beginning of the rise in the Pound/Dollar quotes to the area above the level of…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.39 Rubles per US Dollar. The pair continues to move within the framework of the correction and the formation of the ”Triangle” pattern, which market participants cannot break through in any way. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from the US dollar buyers and the likely continuation of the pair’s rise from these levels. In the current trading week August 23 — 27, 2021 we should expect an attempt to develop…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7137 area. The pair continues to move within the fall and the bullish channel. Moving averages indicate a bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7365. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2907. The pair continues to move within the framework of the growth and the formation of the downward “Wolfe Wave” pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3065 area. Then, a rebound down and the beginning of a fall…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 109.68 area. The pair continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 108.85 area. Then, the rebound and the continuation of the rise of the pair to the area above…