Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 39.86 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have moved far below the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt at a bullish correction and a test of the resistance level near the area of $ 41.25 per barrel. Further,…
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 to Canadian Dollar USD/CAD continues to move as part of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3223. 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 prices in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3095 area. Further,…
GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1928 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices bounced off the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1945 area. Where can we expect a rebound and the continuation of the fall in the…
Silver continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, Silver prices are at $ 26.60. Moving averages indicate a bearish trend. 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 bullish correction in the value of the metal and a test of the resistance level near the area of 27.75. Where can we expect a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the formation of the downward Wolfe Wave pattern on higher timeframes. Moving averages indicate a short-term bullish trend for the pair. However, prices broke the area between the signal lines downward, 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 0.6622. At the moment, we…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the beginning of working out the ”Wedge” reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9176. 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 asset value from the current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. Buyers were able to cancel the formation of the Wedge reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.19. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency and potential continued growth. As part of the dollar exchange rate forecast for September 9, 2020, we should expect an attempt to develop…
BTC/USD are trading at 9977 and continue to move as part of the correction and the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 185 827 361 482. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke through the area between the lines downward, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, September 8, 2020, we should expect an attempt to develop a downward correction in the…
ETH/USD are traded at 334.72 and continue to move within the correction and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $38 088 707 229. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt at a bearish correction in the value of the coin and a test of the support level near the area of…
LTC/USD are traded at 46.52 and continue to move within the fall and the downtrend channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 081 602 448. Moving averages indicate a short-term bearish trend for Litecoin. 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 fall from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the…