Currency pair Dollar Franc USD/CHF continues to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9151. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and a…
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.
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.35. Moving averages indicate a short-term bullish trend. Prices moved upward 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 12, 2020, we should expect an attempt to develop a decline and test the support level near the area…
BTC/USD are trading at 11580 and continue to move as part of the growth and the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $212 777 224 492. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, August 12, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and…
ETH/USD are trading at 384.72 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 $42 916 478 480. 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 355.05 area. Where can we expect…
LTC/USD are trading at 55.51 and continue to move as part of the growth and the formation of the «Triangle» pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 588 155 997. 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 correction in the value of a digital asset and a test of the support level near the area of 54.35. Where…
XRP/USD are trading at 0.2884 and continue to move as part of the growth and the formation of the «Triangle» pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $12 966 499 649. Moving averages indicate a short-term bullish trend for Ripple. Prices bounced off 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 0.2825 area. Further, the…
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 3370. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3320 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3445. S&P 500 Forecast and Analysis August 12, 2020 An additional signal in favor of the growth of the stock index quotes will…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1774 area. The pair continues to move within the framework of strong 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 continued growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1885. Where is the rebound and the continuation of the fall of the Euro Dollar…
BRENT finish the trading week near the area of $44.40 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 $45.25. Then, the rebound and the continuation of the fall in oil to the area below the…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3098 area. The pair continues to move within the framework of growth. Moving averages indicate the presence of a bearish trend, however, prices have broken the areas between the signal lines upwards, indicating 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 1.3075. Further, the rebound and the beginning of the fall in the…