Currency pair Dollar Franc USD/CHF continues to move as part of the correction 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 0.9182. Moving averages indicate a short-term bearish trend for the pair. Prices moved 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 correct the US Dollar against the Swiss Franc and test the resistance area…
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/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 73.65. Moving averages indicate a short-term bullish trend. Prices have moved away from 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 August 4, 2020, we should expect an attempt to develop a decline and test the support level near the area…
BTC/USD are traded at 11202 and continue to move within the correction and the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 206 252 302 621. 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 value of the asset. As part of the cryptocurrency rate forecast for tomorrow, August 4, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset…
ETH/USD aare trading at 384.50 and continue to move as part of the growth and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $43 561 500 567. 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 365.05 area. Where can we expect…
LTC/USD are traded at 57.31 and continue to move within the growth and bullish channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 767 188 570. 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 area of 53.05. Where can we expect a…
XRP/USD are trading at 0.2978 and continue to move within the growth and bullish channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13 657 962 965. 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 0.2655 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 3278. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3235 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3395. S&P 500 Forecast and Analysis August 4, 2020 An additional signal in favor of the growth of the stock index quotes…
The US economy and the global economy are both in a bad shape as lockdowns and quarantines cripple output. Did you know: Since mid-march, the US economy has shrunk at the fastest rate since 2008. Many experts believe the US dollar is set for a sharp decline in near-term. The International Monetary Fund (IMF) predicts that contraction in the global economy will happen by 3 percent this year, heading toward the worst downturn since the Great Depression. In short, things are looking pretty grim on the economy front. Given the present bleak scenario and uninspiring near-term predictions, what should investors…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1791 area. The pair continues to move within the framework of strong growth. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards and went far from the indicator lines, which indicates strong pressure from buyers of the European currency and the likely continued growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1905. Where is the rebound and the continuation of the fall of the Euro Dollar…
BRENT finish the trading week near the area of $ 43.01 per barrel. And it continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 44.55. Then, the rebound and the continuation of the fall in oil to the area below the level of $ 24.55 per barrel. BRENT…