LTC/USD are traded at 59.03 and continue to move as part of the growth and development of the bullish Wolfe Wave pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,560,133,708. Moving averages indicate a short-term sideways trend in Litecoin. Prices moved up from 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…
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 strong growth and an upward channel. At the time of the publication of the forecast, the index is trading at 3515. At the moment, we should expect an attempt to develop a correction and test the support level near the 3425 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3685. S&P 500 Forecast and Analysis November 6, 2020 An additional signal in favor of the growth of the stock exchange index quotes will be…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction 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 from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1717. As part of the Forex forecast for November 5, 2020, we should expect an attempt of a downward correction and a test of the resistance level near the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the rising channel. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2999. Moving averages indicate a short-term bearish trend. However, prices are testing the area between the signal lines again, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and test the resistance area near the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again testing 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 from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7181. At the moment, we should expect an attempt to continue the development of a bullish…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.41. 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 US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for November 5, 2020,…
Brent continue to move within the bullish correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.07 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from the 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 continue the correction and test the resistance level near the area of $…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of a large “Triangle” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3114. 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 sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and a…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1902 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 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 growth and test the resistance level near the 1915 area. Where can we expect a rebound and the continuation of the fall in…
Silver continue to move within the correction and the downward channel. At the time of the forecast publication, Silver prices are at $ 23.96. Moving averages indicate a bearish trend. The prices are again testing 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 bullish correction in the value of the metal and a test of the resistance level near the area of 24.25. Where can we expect a rebound…