Litecoin LTC/USD ends the trading week at 58.41 and continues to move as part of the growth and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the rise in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 45.55. Where can we expect a rebound again…
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.
Bitcoin Cash ends the trading week at 313.02 and continues to move as part of the growth and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 255.05. From where the rebound and growth of…
Silver is completing the trading week near the 27.79 area. Quotes continue to move within the framework of strong growth. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to correct the value of the asset and test the support level near the 25.65 area. Further, the continued growth in the price of Silver with a potential target above the level of 35.65. Silver Weekly Forecast and…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. 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 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 1.1845. As part of the Forex forecast for August 7, 2020, we should expect an attempt to grow and test the resistance level near the 1.1905 area. Further, the rebound and the continuation…
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 a «Double Top» pattern, subject to the breakdown of the support level and fixing prices below the level of 1.2915. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3140. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and formation of the «Wolfe Wave» model. Moving averages indicate a short-term bullish trend. Prices are bouncing from 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 0.7224. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.7255. Further, the rebound and…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.48. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for August 7, 2020, we should expect an attempt to develop a…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.34 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 continued growth in the value of the asset. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.05 per barrel. Further, the continued growth of the oil rate to 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 1.3300. Moving averages indicate a short-term bearish trend for the pair. Prices are pushing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price decline in the near future. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1.3345 area. Further,…
GOLD continue to move within the growth and ascending channel. At the time of the publication of the forecast, the price of GOLD is 2053 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices moved up from 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 and test the support level near the 2015 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…