BTC/USD are traded at the level of 11686 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 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 6, 2020, we should expect an attempt to develop a downward correction in the value of 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.
ETH/USD are traded at 399.09 and continue to move as part of the growth and the ascending channel. Ethereum cryptocurrency capitalization at the time of 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 390.05 area. Where can we expect a…
LTC/USD are traded at 59.02 and continue to move as part of the growth and 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 56.05 area. Where…
XRP/USD are trading at 0.3032 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization Ripple 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 0.2725 area. Further, the cryptocurrency will continue…
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 3319. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3295 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3425. S&P 500 Forecast and Analysis August 6, 2020 An additional signal in favor of the growth of the stock index quotes will…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bullish 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 Euro/US dollar rate is 1.1771. As part of the Forex forecast for August 5, 2020, we should expect an attempt to grow and test the resistance level near the 1.1835 area. Further, the rebound and the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the downward «Wolfe Wave» pattern. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.3016. 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 continuation of the asset’s growth. At the moment, we should expect an attempt to continue the growth of the British Pound against the US Dollar and test the resistance area near the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a correction and an upward channel. Moving averages indicate a short-term bullish trend. Prices are testing 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 0.7146. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.7170. Further, the rebound and the continuation of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within 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 105.80. 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 5, 2020, we should expect an attempt to develop a decline and…
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 $44.27 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 grow and test the resistance level near the area of $45.65 per barrel. Further, the continuation of the fall in…