Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.91. Moving averages indicate a short-term bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the dollar exchange rate forecast for August 21, 2020, we should expect an attempt to develop a decline and test the support level…
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.
BTC/USD are trading at 11816 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 $219 017 099 851. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are bouncing off the area between the lines, which indicates pressure from «Digital Gold» buyers and potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, August 21, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a test…
ETH/USD are traded at 411.16 and continue to move within the correction and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $46 561 432 576. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the 365.55 area. Where can we…
LTC/USD are traded at 62.67 and continue to move within the correction and the upward channel. As you can see, prices are trying to grow, but no good upward movement has taken place yet. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $4 119 262 011. Moving averages indicate a short-term bullish trend for Litecoin. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a fall in the…
XRP/USD are trading at 0.2893 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13 177 260 715. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction of a digital asset and a test of the support level near the 0.2665 area. Further, the cryptocurrency will continue to grow…
Stock index S&P 500 continue to move within the correction and the upward channel. At the time of the publication of the forecast, the index is trading at the level of 3369. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3315 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3465. S&P 500 Forecast and Analysis August 21, 2020 An additional signal in favor of the growth of the stock index quotes will be a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the bearish «Wolfe Wave» pattern. 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 European currency and a potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/US dollar rate is 1.1883. As part of the Forex forecast for August 20, 2020, we should expect an attempt to grow and test the resistance level near the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the beginning of the development of the downward model «Wolfe Wave». At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3176. Moving averages indicate a short-term bullish trend. Prices bounced off 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 continue the growth of the British Pound against the US Dollar and…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Moving averages indicate a short-term bullish trend. Prices are bouncing off the area between the signal lines, which indicates 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 0.7226. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7255. 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 fall and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.74. Moving averages indicate a short-term bearish trend for the pair. Prices went down 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. As part of the forecast for the Japanese Yen rate for August…