LTC/USD are traded at 210.54 and continue to move within the framework of the growth and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,006,188,417. 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…
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.
XRP/USD are trading at 0.5737 and continue to move within the growth and upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $26,175,426,274. Moving averages indicate a short-term bullish trend for Ripple. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market from the current levels. At the moment, we should expect an attempt to develop a strong downward correction of the asset and a test of the support level near the 0.4365…
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 broke up 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 3945. At the moment, we should expect an attempt to develop a correction and test the support level near the 3925 area. Where can we expect a…
BCH/USD are traded at 721.48 and continue to move within the growth and upward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $13,438,061,010. Moving averages indicate a short-term bullish trend for Bitcoin Cash. 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. As part of the cryptocurrency rate forecast for February 16, 2021, we should expect an attempt to develop a correction in the value of the asset and a…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2124. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend for the pair. Prices bounced off 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 growth and test the resistance area near the level of 1.2185. Where is the rebound and the continuation of the fall of the Euro Dollar expected. A…
BRENT finish the trading week near the area of $ 60.75 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 52.25. Then, a rebound and continued growth of oil to the area above the level of $ 77.05…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3793 area. The pair continues to move within the framework of the growth and the formation of the bearish ”Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices moved up from 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 1.3865. Further, the rebound and the beginning of the…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.79 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 US Dollar buyers. In the current trading week, February 15 — 19, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 75.45. Where can we expect a rebound and the beginning…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7743 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have moved up far from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the value of the currency pair. At the moment, we should expect an attempt to continue the development of the rise and test the resistance area near the level of 0.7805. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2725. The pair continues to move within the framework of the correction and the downward channel, here an inverted “Head and Shoulders” reversal pattern is formed. Moving averages indicate a bearish trend. Prices moved 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. At the moment, we should expect an attempt to develop a bullish correction and a test of the support level near the 1.2635 area. Then,…