ETH/USD are traded at 378.02 and continue to move within the correction and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $41 551 568 365. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the areas 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 at a bearish correction in the value of the coin and a test of the support level near the 335.95 area. Where can…
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.
LTC/USD are traded at 46.74 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 076 475 080. Moving averages indicate a short-term bearish trend for Litecoin. 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 from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test…
XRP/USD are trading at 0.2431 and continue to move as part of the fall and the formation of the bullish “Wolfe Wave” pattern. This pattern implies a rebound from the lower border of the model and continued growth to the upper border. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 985 804 661. Moving averages indicate a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall. At the moment, we should expect an…
Stock index S&P 500 continue to move as part of the fall, quotes were able to break through the lower border of the ascending channel, which indicates strong pressure from sellers of the index. At the time of the publication of the forecast, the index is trading at 3338. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3335 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3045. S&P 500 Forecast and…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1834 area. The pair continues to move within the framework of the correction and the formation of the next “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards and went far from the indicator lines, which indicates strong 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…
BRENT finish the trading week near the area of $ 43.33 per barrel. And it continues to move within the framework of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 34.65. Then, a rebound and continued growth of oil to the area above the level of $ 75.00 per barrel.…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2960 area. The pair continues to move within the fall and the formation of an inverted Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. Prices are testing 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 continue growth and test the resistance area near the level of 1.3265. Further, the rebound and the beginning of the fall…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 75.46 rubles per US dollar. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week September 21 — 25, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 76.55. Where can we expect a rebound and the beginning of the fall in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7308 area. The pair continues to move as part of the growth and the formation of the bearish Wedge pattern. Moving averages indicate a bullish trend. Prices have gone far up 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 growth and test the resistance area near the level of 0.7435. Then, a rebound and…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3177. The pair continues to move as part of the decline and the formation of the “Wedge” pattern. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates high 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 bearish correction and a test of the support level near the 1.3025 area. Then, the continued growth of quotations with a…