GOLD continue to move as part of the fall and the beginning of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1952 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices bounced off the area between the signal lines, 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 growth and test the resistance level near the 1925 area. Where can we expect a rebound and the continued…
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.
Silver continue to move within the fall and the descending channel. At the time of this forecast, Silver prices are at $ 24.26. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of 25.35. Where can we expect a rebound and the continuation of the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the beginning of the development of the downward Wolfe Wave pattern at higher time frames. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the ascending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9200. Moving averages indicate a short-term bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s value growth from current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar rate against the Swiss Franc and a test of…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of a large “Wedge” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.13. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for September 23, 2020, we should expect an attempt…
BTC/USD are trading at 10448 and continue to move as part of the correction. Buyers still could not break through the important resistance area of 11000, with the breakdown of this level, a good rise in the asset to the local maximum is expected. At the same time, the quotes were unable to break through the support area of 10,000, which would indicate a renewed strong bearish momentum. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $193 709 951 479. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area…
ETH/USD are trading at 378.02 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $38 558 883 134. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value from 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…
LTC/USD are traded at 43.71 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $2 883 392 578. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, 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 decrease in the value of a digital asset and a test…
XRP/USD are trading at 0.2291 and continue to move as part of the correction and the formation of a bullish “Wedge” pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 454 240 822. Moving averages indicate a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall. At the moment, we should expect an attempt to continue the development of the downward correction of the digital asset and test the support level near the…
Stock index S&P 500 continue to move as part of the fall, quotes were able to break through the lower border of the ascending channel, which indicates strong pressure from sellers of the index. At the time of the publication of the forecast, the index is trading at 3277. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3340 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below 3005. S&P 500 Forecast and Analysis September 23,…