ETH/USD are traded at 436.72 and continue to move within the growth and ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $49 224 889 813. 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 380.05 area. Where…
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 trading at 61.05 and continue to move as part of the correction and formation of the “Triangle” pattern, a breakdown of which will indicate the resumption of a strong bullish trend. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $4 013 537 696. Moving averages indicate a short-term bullish trend for Litecoin. Prices broke the area between the signal lines up, 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…
XRP/USD are trading at 0.2807 and continue to move as part of the correction and the downward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $12 727 339 240. Moving averages indicate a short-term bearish trend for Ripple. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth. 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 0.2635 area. Further, the cryptocurrency will continue…
Stock index S&P 500 continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the index is trading at 3503. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3475 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3605. S&P 500 Forecast and Analysis September 1, 2020 An additional signal in favor of the growth of the stock exchange index quotes…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1884 area. The pair continues to move as part of the correction and the formation of the “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 1.1915.…
BRENT finish the trading week near the area of $ 45.71 per barrel. And it continues to move within the framework of the growth and the downward channel. The “Wedge” reversal pattern is also formed here. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 46.95. Then, the rebound and the continuation of the fall in oil to the…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3275 area. The pair continues to move within the framework of strong growth and an upward channel. Moving averages indicate a bullish trend. Prices have moved far up from the area between the signal lines up, 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 1.3455. 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 74.30 Rubles per US Dollar. The pair continues to move within the framework of the growth and the 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 August 31 — September 4, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 76.25. Where can we expect a rebound and the beginning of a fall…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7339 area. The pair continues to move within the framework of strong growth and the formation of a bearish “Wedge” pattern. Moving averages indicate a bullish trend. Prices have moved 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 0.7405. Then, a rebound…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3078. The pair continues to move within the framework of the decline and the formation of the “Wedge” reversal pattern. Moving averages indicate the presence of a bearish trend. Prices have moved down from the area between the signal lines, which indicates high pressure from 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…