ETH/USD are traded at 375.03 and continue to move within the correction and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $42 613 217 012. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise 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 350.55 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.
LTC/USD are traded at 54.49 and continue to move within the correction and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 608 370 849. Moving averages indicate a short-term bullish 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 continuation of the fall in the value of a digital asset and a test of the support…
XRP/USD are trading at 0.2555 and continue to move as part of the correction and the downward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 733 797 406. Moving averages indicate a short-term bearish trend for Ripple. Prices moved down from 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 a bullish correction of a digital asset and a test of the resistance level near the 0.2685 area. Further, the continuation…
Stock index S&P 500 continue to move within the framework of a strong correction and an upward channel. At the time of the publication of the forecast, the index is trading at the level of 3468. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3445 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3635. S&P 500 Forecast and Analysis August 28, 2020 An additional signal in favor of the growth of the stock exchange…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1820. As part of the Forex forecast for August 27, 2020, we should expect an attempt to grow and test the resistance level near…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3197. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bullish trend. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7226. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7255.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.00. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for August 27, 2020,…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 46.10 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of «Black Gold» and a potential continuation of the asset’s price growth. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.95 per barrel. Further, the continued growth of the oil rate to the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a decline and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3154. Moving averages indicate a short-term bearish trend for the pair. Prices pushed down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price decline in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 1.3095…