Silver continue to move within the growth and the ascending channel. At the time of the forecast release, Silver prices are at USD 28.04. 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 asset’s value growth. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 27.15 area. Where can we expect a rebound and continued growth in the price of Silver…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth. Moving averages indicate a short-term bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth 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 0.6659. At the moment, we should expect an attempt to grow and test the resistance level near the 0.6725 area.…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9106. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off and went down from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward 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 up 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 7, 2020, we should expect an attempt to develop a decline and test the support level near the area…
BTC/USD are trading at 11848 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 $215 439 712 027. Moving averages indicate a short-term bullish trend for Bitcoin. Prices moved 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 7, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and…
ETH/USD are trading at 399.12 and continue to move as part of the growth and formation of the «Triangle» model. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $44 862 000 338. 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 395.65 area. Where can…
LTC/USD are traded at 59.85 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 $3 865 484 463. Moving averages indicate a short-term bullish trend for Litecoin. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a 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 57.65 area.…
XRP/USD are trading at 0.3079 and continue to move within the growth and upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13 692 334 780. 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 0.2705 area. Further, the cryptocurrency will continue to grow to…
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 the level of 3316. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3285 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3415. S&P 500 Forecast and Analysis August 7, 2020 An additional signal in favor of the growth of the stock index quotes…
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 1.1864. As part of the Forex forecast for August 6, 2020, we should expect an attempt to grow and test the resistance level near the 1.1940 area. Further, the rebound and the continuation…