BTC/USD are trading at the level of 12375 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $227 517 430 399. Moving averages indicate a short-term bullish trend for Bitcoin. Prices bounced off the area between the lines, indicating pressure from Digital Gold buyers and potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, August 18, 2020, we should expect an attempt to develop a downward correction in the value…
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.
ETH/USD are trading at 438.67 and continue to move as part of the growth and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $49 242 172 882. 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 value of the asset. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the 405.55 area. Where can we expect…
LTC/USD are traded at 64.54 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $4 384 922 271. 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 potential continued growth. At the moment, we should expect an attempt to develop a fall in the value of a digital asset and a test of the support level near the 60.65 area. Where can we expect a…
XRP/USD are trading at 0.3169 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $14 359 368 101. 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 0.2745 area. Further, the cryptocurrency will continue to grow…
Stock index S&P 500 continue to move within the framework of the growth and the ascending channel, the index continues to stubbornly test the local maximum. At the time of the publication of the forecast, the index is trading at 3377. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3325 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the 3575 level. S&P 500 Forecast and Analysis August 18, 2020 An additional signal in favor of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1834 area. The pair continues to move within the framework of growth. 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. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1895. Where is the rebound and the continuation of the fall of the Euro/Dollar expected.…
BRENT finish the trading week near the area of $ 44.87 per barrel. And it continues to move within the bullish correction 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 46.55. Then, the rebound and the continuation of the fall of oil to the area below…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3123 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken through the areas between the signal lines upward, 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 the development of growth and test the resistance area near the level of 1.3185. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.93 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 17 — 21, 2020 we should expect an attempt to develop a correction and a test of the support area near the level of 70.25. Where can we expect a rebound and continued growth in…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7164 area. The pair continues to move as part of the growth and formation of the bearish «Wedge» pattern. 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 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 0.7215. Then, the rebound and the continuation of…