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 3292. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3265 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3395. S&P 500 Forecast and Analysis August 5, 2020 An additional signal in favor of the growth of the stock index quotes will…
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 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 EUR/USD rate is 1.1722. As part of the Forex forecast for August 4, 2020, we should expect an attempt to grow and test the resistance level near the 1.1785 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. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on FOREX is 1.3021. 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…
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 0.7107. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.7135. Further, the rebound and the continuation of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong growth and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.02. 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 exchange rate for August 4, 2020, we should expect an attempt to…
Brent continue to move as part of the correction and the beginning of the development of the «Wedge» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 43.23 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 $ 44.55 per barrel. Further,…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.3435. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off 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 bullish correction and test the resistance level near the 1.3455 area.…
GOLD continue to move within the correction and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1969 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 1910 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…
Silver continue to move within the framework of the growth and the ascending channel, here the «Triangle» pattern is forming. At the time of the release of the forecast, Silver prices are at $ 24.24. 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 23.25 area. Where can we…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a correction and an upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued 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 0.6627. At the moment, we should expect an attempt to grow and test the resistance level near…