ETH/USD are traded at 334.72 and continue to move within the correction and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $38 088 707 229. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value 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 area 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.
LTC/USD are traded at 46.52 and continue to move within the fall and the downtrend channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 081 602 448. Moving averages indicate a short-term bearish trend for Litecoin. 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 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 of the support level near the…
XRP/USD are trading at 0.2320 and continue to move as part of the correction of the formation of the “Wedge” reversal pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $10 615 558 307. Moving averages indicate a short-term bearish trend for Ripple. 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 fall. At the moment, we should expect an attempt to continue the development of the downward correction of the digital asset and test the support level near…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 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 1.1816. As part of the Forex forecast for September 8, 2020, we should expect an attempt to grow and test the resistance level near…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3167. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect an attempt to grow 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. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates strong pressure from buyers of the currency pair and potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7277. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7335. Further, the rebound and the continuation of the fall in quotations to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.28. 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 price decline. As part of the forecast for the Japanese Yen rate for September 8, 2020, we should…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.12 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have moved far below the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt at a bullish correction and a test of the resistance level near the area of $ 43.15 per barrel. Further,…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.3088. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in prices in the near future. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 1.3065…
GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1928 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices bounced off the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1955 area. Where can we expect a rebound and the continuation of the fall in the…