Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, Silver prices are at $ 26.81. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset. 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 28.25 area. Where can we…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the downward ”Wolfe Wave” pattern on higher timeframes. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6691. At the moment, we should expect an…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the beginning of working out the ”Wedge” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9161. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a correction for the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. Buyers were able to cancel the formation of the Head and Shoulders reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.61. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency and potential continued growth. As part of the dollar exchange rate forecast for September 8, 2020, we should expect an attempt…
BTC/USD are traded at 10176 and continue to move as part of a strong correction of the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $188 238 548 379. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke through the area between the lines downward, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, September 8, 2020, we should expect an attempt to develop a downward correction in the…
ETH/USD are trading at 346.20 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $38 922 138 854. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the strong downward 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…
LTC/USD are trading at the level of 47.56 and continue to move within the fall and the downward channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 130 868 517. 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…
XRP/USD are trading at 0.2357 and continue to move as part of the correction of the formation of the “Wedge” reversal pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 754 635 609. 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 develop a downward correction of a digital asset and a test of the support level near the…
Stock index S&P 500 continue to move as part of the correction after a strong fall. At the time of the publication of the forecast, the index is trading at 3443. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3475 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below 3275. S&P 500 Forecast and Analysis September 9, 2020 An additional signal in favor of falling stock index quotes will be a test of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1830 area. The pair continues to move within the framework of the correction and the formation of another “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 of…