ETH/USD are trading at 346.20 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $38 922 138 854. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the strong downward area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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…
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 trading at the level of 47.56 and continue to move within the fall and the downward channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 130 868 517. Moving averages indicate a short-term bearish 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 decrease in the value of a digital asset and a test of the support…
XRP/USD are trading at 0.2357 and continue to move as part of the correction of the formation of the “Wedge” reversal pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 754 635 609. Moving averages indicate a short-term bearish trend for Ripple. 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. At the moment, we should expect an attempt to develop a downward correction of a digital asset and a test of the support level near the…
Stock index S&P 500 continue to move as part of the correction after a strong fall. At the time of the publication of the forecast, the index is trading at 3443. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3475 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below 3275. S&P 500 Forecast and Analysis September 9, 2020 An additional signal in favor of falling stock index quotes will be a test of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1830 area. The pair continues to move within the framework of the correction and the formation of another “Head and Shoulders” reversal pattern. 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 continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of…
BRENT finish the trading week near the area of $ 42.59 per barrel. And it continues to move within the fall and the downtrend channel. Here the “Wedge” reversal pattern is formed, as we see the prices have already broken through the lower border of the model and there is every chance to see the continuation of the fall. 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…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3237 area. The pair continues to move within the framework of strong growth and a bullish 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 growth and test the resistance area near the level of 1.3355. 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 75.34 rubles per US Dollar. The pair continues to move within the framework of the growth and ascending 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 September 7 — 11, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 76.25. Where can we expect a rebound and the beginning of a fall in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7277 area. The pair continues to move within the framework of strong growth and the formation of a bearish “Wedge” pattern. Moving averages indicate a bullish trend. Prices have gone far up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued 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 0.7385. Then, the rebound…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3074. The pair continues to move within the decline and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, 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 1.2975 area. Then, the continued growth of quotations with a target above the level of…