Author: forex24pro

XRP/USD are trading at 0.2824 and continue to move as part of a decline and an upward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $13 088 641 185. 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 0.2675 area. Further, the cryptocurrency will continue…

Stock index S&P 500 continue to move within the framework of the growth and the ascending channel, the index is once again trying to break through the local maximum. At the time of the publication of the forecast, the index is trading at 3391. At the moment, we should expect an attempt to develop a slight downward correction and a test of the support level near the 3355 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3505. S&P 500 Forecast and Analysis August 20, 2020 An…

For most of human history, gold and other precious metals have been highly valued. From the gold in ancient Egypt, to the first gold coins of the Romans, and right through to the current day—the dense, yellow metal continues to fascinate humans. With the growing risks of the stock market and former popular investments, like rental properties and individual savings accounts, producing increasingly poor returns, many investors have begun asking where their hard-earned money will be really safe. While there’s a growing interest in gold investments, new investors might still find themselves wondering whether the precious metal is a good…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and the formation of a bearish «Wolfe Wave» pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are bouncing off the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the European currency. Here, there is a potential for the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the Euro/US dollar rate is 1.1930. As part of the Forex forecast for August…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the beginning of the development of the «Triangle» model up. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3223. 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 test…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of strong growth, buyers were able to cancel the formation of the «Head and Shoulders» reversal pattern. 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 0.7234. At the moment, we should expect an attempt to develop growth and test the resistance area near the…

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 105.37. 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…

Brent continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.36 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the asset’s price growth. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​$ 44.65 per barrel. Further, the continued growth of the…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a decline and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3184. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off 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 growth and test the resistance level near the 1.3205 area. Further, a…

GOLD continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the price of GOLD is 2008 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. 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 decline and test the support level near the 1965 area. Where can we expect a rebound and continued growth in the price of GOLD with a…