LTC/USD are trading at 173.09 and continue to move within the growth and bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,503,211,966. 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 the 165.60 area.…
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.
Currency pair Euro to Japanese Yen EUR/JPY continues to move as part of the decline and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency against the Japanese yen and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro to Japanese Yen rate is 129.64. As part of the Forex forecast for the EUR/JPY rate August 12, 2021 we should expect an…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1722. As part of the Forex forecast for August 11, 2021, we should expect an attempt to develop a slight bullish correction and a test of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the downward pattern ”Wolfe Wave”. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3855. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and left the bullish channel. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7336. At the moment, we should expect an attempt to develop a rise and…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 110.48. Moving averages indicate a short-term bearish trend for the pair. The prices have broken the area between the signal lines upwards, which indicates the pressure from the buyers of the US Dollar and the potential continuation of the rise in prices already from the current levels. As part of…
Brent continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 70.03 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of ”Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a rise and test the resistance level near the area of $ 70.95 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the rise and completion of the formation of the inverted ”Head and Shoulders” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2575. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop…
GOLD continue to move within the framework of a strong fall and the beginning of the development of the bullish Wolfe Wave pattern. At the time of the publication of the forecast, the price of GOLD is 1729 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1695 area. Where can…
Silver continue to move within the fall and the downtrend channel. At the time of the forecast release, Silver prices are at 23.38. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 22.35 area. Where can we expect a rebound and a continued rise…