BTC/USD are traded at 11496 and continue to move as part of the growth and formation of the «Triangle» pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $213 074 910 822. Moving averages indicate a short-term bullish trend for Bitcoin. Prices bounced off the area between the lines, indicating pressure from Digital Gold buyers and potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, August 14, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a test…
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.
ETH/USD are traded at 391.08 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 $44 672 693 730. 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 368.75.…
LTC/USD are traded at 53.78 and continue to move within a strong correction and an upward channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 575 833 755. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and potential continued growth. At the moment, we should expect an attempt to develop a fall in the value of a digital asset and a test of the support level near the 50.05 area. Where can we expect a rebound…
XRP/USD are trading at 0.2768 and continue to move within the correction and the bullish channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $12 727 764 834. 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 0.2595 area. Further, the cryptocurrency will continue to grow…
Stock index S&P 500 continue to move within the framework of the growth and the ascending channel, the index renews another local maximum. At the time of the publication of the forecast, the index is trading at 3359. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3315 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the 3535 level. S&P 500 Forecast and Analysis August 14, 2020 An additional signal in favor of the growth of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. Here, there is a potential for the formation of a «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1792. As part of the FOREX forecast for August 13, 2020, we should expect an attempt to grow and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern, so if the support level breaks out and prices fix below the level of 1.2915, we should expect an aggressive fall in the currency pair and the beginning of this pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3086. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. A descending «Wolfe Wave» pattern is also forming here. Moving averages indicate a short-term bullish trend. Prices are bouncing from the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7164. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.82. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of the rise in prices. As part of the forecast for the Japanese Yen rate for August 13, 2020, we should expect an attempt to…
Brent continue to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.39 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continued growth in the value of the asset. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.55 per barrel. Further, the continued growth of…