ETH/USD are trading at 243.21 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 $27 350 805 415. 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 239.05. Where can we…
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 43.38 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $2 838 431 376. 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 42.65 area. Where can we…
XRP/USD are traded at 0.1965 and continue to move as part of the correction and the formation of the «Triangle» pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $8 922 104 330. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing 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 bullish correction of a digital asset and a test of the resistance level near the 0.2015 area. Further,…
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 3259. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3185 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3465. S&P 500 Forecast and Analysis July 23, 2020 A test of the support line on the relative strength…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have moved far 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 1.1484. As part of the FOREX forecast for July 22, 2020, we should expect an attempt to continue the decline and test the support level near the 1.1345 area. Further, a…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a large reversal pattern «Head and Shoulders». A bearish Wolfe Wave pattern is also forming. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2747. 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 develop the growth of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the bullish channel. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7106. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 0.7025. Further, a rebound and continued growth of quotations to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.94. Moving averages indicate a short-term sideways trend in the pair. Prices have broken down the area between the signal lines, which indicates pressure from the USD sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for July 22, 2020, we should expect an attempt to develop growth and…
Brent continue to move within the framework of strong growth and the beginning of the development of the «Triangle» model, as we see the bears could not send the market to work out the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the price of Brent crude is $ 43.23 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value. At the moment, we…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3444. Moving averages indicate a short-term bearish trend for the pair. Prices broke down 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 bullish correction and test the resistance level near the 1.3505 area. Further,…