LTC/USD are traded at 49.66 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 301 547 738. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken through the area between the signal lines upwards, 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…
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.
XRP/USD are trading at 0.2521 and continue to move as part of the growth and the beginning of the development of the ”Triangle” model. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 506 353 043. Moving averages indicate the presence of a short-term sideways trend in Ripple. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the XRP rate in the market. At the moment, we should expect an attempt to develop a downward correction of a digital asset…
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 3480. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3435 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3615. S&P 500 Forecast and Analysis October 13, 2020 An additional signal in favor of raising the stock index quotes will be a test of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1820 area. The pair continues to move within the framework of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices are repelled from the area between the signal lines, which indicates 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 1.2040. Where is the rebound…
BRENT finish the trading week near the area of $ 42.75 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 39.45. Then, a rebound and continued growth of oil to the area above the level of $ 56.45…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3022 area. The pair continues to move within the correction after a strong fall. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, 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 grow and test the resistance area near the level of 1.3265. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.80 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 October 12 — 16, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.05. Where can we expect a rebound and the beginning of a fall in…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7233 area. The pair continues to move within the growth. Moving averages indicate a bullish trend. Prices bounced off 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 0.7295. Then, the rebound and the continuation of the fall in AUD/USD with a potential target below the…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3127. The pair continues to move within the correction after a strong growth and the start of working out the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates 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 1.3045 area. Then, the continued growth of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 105.67 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 103.65 area. Then, a rebound and continued growth of the pair to the area above the level of 109.05.…