XRP/USD are trading at 0.6793 and continue to move within a strong growth and an upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $31,666,435,012. Moving averages indicate a short-term bullish trend for Ripple. Prices went up from 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 a downward correction of the asset and a test of the support level…
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 the growth and the ascending channel. Moving averages indicate a short-term bullish trend. 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 4023. At the moment, we should expect an attempt to develop a correction and test the support level near the 3995 area. Where…
LTC/USD are trading at 199.98 and continue to move as part of the correction and the formation of a large ”Triangle” pattern. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $13,511,499,559 Moving averages indicate a short-term bullish trend for Litecoin. Prices are pushing 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 correction in the value of a digital asset and a test of the support level near the…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1776 area. The pair continues to move within the fall and the formation of the ”Head and Shoulders” pattern. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2065. Where is the rebound and the continuation of the fall…
BRENT finish the trading week near the area of $ 64.62 per barrel. And it continues to move within the correction and the upward 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 57.35. Then, a rebound and continued growth of oil to the area above the level of $ 88.55 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3837 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are bouncing off 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. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.4065. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.14 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing from the area between the signal lines, which indicates pressure from the US dollar buyers. In the current trading week, April 5-9, 2021, we should expect an attempt to develop a correction and a test of the support area near the level of 73.35. Where can we expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7617 area. The pair continues to move within the fall and the ascending channel. The “Head and Shoulders” reversal pattern is also forming here. Moving averages indicate a bullish trend. Prices are again testing the areas between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth 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…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2554. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.2705 area. Then, a rebound downward and the beginning of a fall in quotations with a target…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.47 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bearish trend. However, prices have broken through the area between the signal lines upward, which indicates pressure from 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 107.65 area. Then, the rebound and the continuation of the rise of the pair…