LTC/USD are traded at 145.42 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 9,640,083,389. Moving averages indicate a short-term bearish trend for Litecoin. However, prices broke through the area between the signal lines upward, 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…
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 0.2728 and continue to move as part of the correction and the formation of the “Wedge” model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 12,645,562,509. Moving averages indicate a short-term bearish trend for Ripple. 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 XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop a downward correction of the…
Stock index S&P 500 continue to move in the correction and the upward 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 already from the current levels. At the time of the publication of the forecast, the index is trading at 3830. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 3805 area. Where can we expect…
BCH/USD are trading at 461.13 and continue to move within the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $ 8,555,141,549. Moving averages indicate a short-term bearish trend for Bitcoin Cash. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. As part of the cryptocurrency rate forecast for January 26, 2021, we should expect an attempt to develop an asset price correction and test the support level near the 435.55…
The Forex Market, or Foreign Exchange market, has never been as easy to access as it is today. Any individual with an internet connection and a computer or mobile device can participate in trading currencies. Plus, since markets are open 24 hours a day, five days a week, the Forex market offers both accessibility and availability to traders. As a result, trading Forex has become a popular way of earning income, either as a full-time job or a hobby. With a wide variety of assets available through award-winning platforms such as the Meta Trader 4, all traders need to do…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2156 area. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from 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 1.2305. Where is the rebound and the continuation of the fall of the Euro Dollar…
BRENT finish the trading week near the area of $ 55.14 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a sideways 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 45.55. Then, a rebound and continued growth of oil to the area above the level of $ 77.05…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3664 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 1.3685. 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 74.39 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 January 25 — 29, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 75.75. Where can we expect a rebound and the beginning…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7726 area. The pair continues to move within the framework of the growth and 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 a potential continued growth in 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 0.7755. Then, the rebound and the continuation of…