Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 71.79. 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 a potential continued growth. As part of the dollar exchange rate forecast for July 28, 2020, we should expect an attempt to develop growth and test the resistance level near…

BTC/USD are trading at 10855 and continue to move within the framework of a strong growth and an upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $190 903 905 368. 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, July 28, 2020, we should expect an attempt to develop a downward correction in the value of…

ETH/USD are trading at 323.24 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 $36 005 506 060. 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 area of ​​305.55. Where can we…

LTC/USD are traded at the level of 48.66 and continue to move within the growth and ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 161 799 064. 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 46.85 area. Where can we…

XRP/USD are trading at 0.2180 and continue to move as part of strong growth and the formation of the «Triangle» pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $9 766 901 883. 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 0.2155 area. Further, the…

Stock index S&P 500 continue to move within the correction. At the time of the publication of the forecast, the index is trading at 3215. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3245 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3075. S&P 500 Forecast and Analysis July 28, 2020 In favor of falling stock index quotes, a test of the broken trend line on the relative strength index (RSI)…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1598 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 moved far from the movings, which indicates strong pressure from buyers of the European currency and the likely continuation of growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1645. Where is the rebound and the continuation of the fall of the Euro Dollar…

BRENT finish the trading week near the area of ​​$ 43.57 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 45.05. Then, the rebound and the continuation of the fall in oil to the area below the level of $ 27.25 per barrel. BRENT…

Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2722 area. The pair continues to move as part of the correction and the formation of a large «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to continue the development of an upward correction and test the resistance area near the level of 1.2765.…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.39 rubles per US dollar. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week July 27 — 31, 2020 we should expect an attempt to develop growth and a test of the resistance area near the level of 73.15. Where can we expect a rebound and a continuation of the fall…