Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.13. Moving averages indicate a short-term bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for August 5, 2021, we should expect an attempt to…
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.
BTC/USD are trading at 39479 and continue to move as part of the rise. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $739,739,991,191. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 5, 2021, we should expect an attempt to develop a correction in the value of a digital…
Ethereum are trading at 2711.35 and continue to move as part of the rise and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $315,925,292,745. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level near the area…
XRP/USD are trading at 0.7292 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 33,848,458,123. Moving averages indicate a short-term sideways trend in Ripple. Prices have broken through the area between the signal lines upward, 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 level near the…
Stock index S&P 500 continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term uptrend. Prices are again testing 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 4396. At the moment, we should expect an attempt to develop a decline and test the support level near the 4375 area.…
LTC/USD are traded at 143.06 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 $9,534,616,152. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from 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 1.1887 area. The pair continues to move within the correction and completion of the large “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices are again testing 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 of 1.1935. Where the rebound is…
BRENT finish the trading week near the area of $ 75.03 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from 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 a fall and a test of the support area near the level of 67.65. Then, a rebound and continued growth of oil to the area above the level of $ 90.45…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3958 area. The pair continues to move within the rally and the bullish channel. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.4045. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the level of 1.2475. GBP/USD…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.82 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken down the area between the signal lines, which indicates pressure from the US dollar sellers. In the current trading week August 2 — 6, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of 75.15. Where can we expect a rebound and a continuation…