Stock index S&P 500 continue to move within the framework of the growth and the ascending channel, the index renews its next local maximum. At the time of the publication of the forecast, the index is trading at the level of 3377. At the moment, we should expect an attempt to develop a downward correction and test 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 3495. S&P 500 Forecast and Analysis August 13, 2020 An additional signal in favor of…
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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.
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. 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 EUR/USD rate is 1.1767. As part of the Forex forecast for August 12, 2020, we should expect an attempt to grow and test the resistance level near the 1.1865 area. Further, the rebound and the continuation of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the downward «Wolfe Wave» pattern. There is also a potential for the formation of the «Head and Shoulders» reversal pattern, therefore, if the support level is broken down and prices fix below the level of 1.2915, an aggressive fall in the currency pair should be expected. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3086. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines,…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a correction and an upward channel. A descending «Wolfe Wave» pattern is also forming here. 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 0.7155. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.43. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of the rise in prices. As part of the forecast for the Japanese Yen rate for August 12, 2020, we should expect an attempt to…
Brent continue to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.23 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 value growth. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.45 per barrel. Further, the continued growth of the oil…
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 1.3309. 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 a decline and test the support level near the 1.3270 area. Further,…
GOLD continue to move within the framework of a strong fall and a downward channel. At the time of the publication of the forecast, the price of GOLD is 1947 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1975 area. Where can we expect a rebound and the continued fall in the…
Silver continue to move within a strong correction and a bullish channel. At the time of the publication of the forecast, Silver prices are at $ 27.11. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the area of 25.95. Where can we expect a rebound…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the decline. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6590. At the moment, we should expect an attempt to grow and test the resistance level near the…