Brent continue to move within the correction and the upward channel, here the “Wedge” pattern is forming. At the time of the publication of the forecast, the price of Brent crude oil is $ 44.53 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are retesting the area between the signal lines, which indicates pressure from ”Black Gold” buyers and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to grow and test the resistance level near the area of $ 45.35 per barrel. Further, the continuation of the fall…
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.
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 1.3063. Moving averages indicate a short-term bearish trend for the pair. Prices pushed down from 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 fall and a test of the support level near the…
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 1935 Dollars per Troy Oz. Moving averages indicate a short-term bullish 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 1965 area. Where can we expect a rebound and the continuation of the fall in the…
Silver continue to move as part of the correction and the formation of a large “Triangle” pattern. At the time of the publication of the forecast, Silver prices are at $ 27.19. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the asset’s value growth. 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 expect a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the formation of the downward “Wolfe Wave” pattern at higher time frames. 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 0.6755. At the moment, we should expect…
Currency pair Dollar Franc USD/CHF continues 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 Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9113. Moving averages indicate a short-term bearish trend for the pair. However, prices have once again broken through 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel, there is also a potential for the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.37. 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 3, 2020, we should expect an attempt…
BTC/USD are trading at 11271 and continue to move as part of the correction of the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $210 476 850 988. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are testing the area between the lines again, which indicates pressure from buyers of Digital Gold and a potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, September 3, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and…
ETH/USD are traded at 424.41 and continue to move within the growth and ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $48 864 442 398. Moving averages indicate a short-term bullish trend for Ethereum. Prices pushed up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from 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 405.05 area. Where…
LTC/USD are traded at 56.97 and continue to move as part of the correction and the formation of the “Triangle” pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 791 381 770. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing 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 decrease in the value of a digital asset and a test of the support level…