XRP/USD are trading at 0.2860 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $12 942 506 521. 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 correction of a digital asset and a test of the support level near the 0.2715 area. Further, the cryptocurrency will continue to grow…
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.
Stock index S&P 500 continue to move within the correction and the upward channel. At the time of the publication of the forecast, the index is trading at the level of 3369. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3415 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3545. S&P 500 Forecast and Analysis August 25, 2020 An additional signal in favor of the growth of the stock exchange index quotes…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1779 area. The pair continues to move within the correction. 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 1.1885. Where is the rebound and the continuation of the fall of the Euro Dollar expected. The potential…
BRENT finish the trading week near the area of $ 44.10 per barrel. And it continues to move within the bullish correction and the downward channel. The «Wedge» reversal pattern is also formed here. 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 46.45. Then, the rebound and the continuation of the fall in oil to the area below…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3082 area. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices have moved far upward from the area between the signal lines, 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 growth and test the resistance area near the level of 1.3225. Further, the rebound and the beginning of the fall in…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.83 Rubles per US Dollar. The pair continues to move within the framework of the growth and the rising channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week of August 24 — 28, 2020, we should expect an attempt to develop a correction and a test of the support area near the level of 73.55. Where can we expect a rebound and continued growth…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7158 area. The pair continues to move within the correction and the formation of the bearish Wedge pattern. Moving averages indicate a bullish trend. Prices moved upward from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7225. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3223. The pair continues to move within the decline and ascending channel. Moving averages indicate a sideways trend. However, prices have very strongly broken the area between the signal lines downward, which indicates high pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3055 area. Then, the continued growth of quotations with a target above the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.69. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 104.15 area. Then, a rebound and continued growth of the pair to the area above the level of…
GOLD completing the trading week near the 1934 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for GOLD. Prices bounced off the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1775 area. Further, the GOLD price will continue to rise with a potential target above the level of 2205. GOLD Price Forecast and Analysis August 24 —…