ETH/USD are trading at 237.42 and continue to move as part of the bullish correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $26 526 249 579. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines up, which indicates pressure from buyers and the potential continuation of the rise. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 240.05. Where again…
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 43.19 and continue to move as part of the correction and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 806 278 317. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices have pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to continue the correction of the value of the digital asset and a test of the resistance level near the area of 44.95. Where again we…
XRP/USD are trading at 0.1825 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 127 072 012. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and the potential continuation of the fall. At the moment, we should expect an attempt to correct the digital asset and test the resistance level near the area of 0.1955. Further, the continuation of the…
Stock index S&P 500 continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 3145. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3115. Where can we expect a rebound and continued growth of S&P 500 quotes to the area above the level of 3295. S&P 500 Forecast and Analysis July 8, 2020 A test of the support line on the relative strength index (RSI) will be in favor of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the beginning of the development of the «Triangle» model. Moving averages indicate a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the European currency and the potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1310. As part of the Forex forecast for July 7, 2020, we should expect an attempt to develop a fall and test the support level near…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2489. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to develop a depreciation of the British Pound against the US Dollar and a test of the support area near the level of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong growth and the beginning of the development of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6974. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6910. Further, the rebound and continued growth of quotations to the area above…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.42. 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 US Dollar and the potential continuation of price increases. As part of the forecast for the Japanese Yen on July 7, 2020, we should expect an attempt to develop…
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 $ 42.76 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 the buyers of Black Gold and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop the correction and test the support level near the area of 41.65 dollars per barrel.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3542. Moving averages indicate a short-term bearish trend for the pair. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and the continued fall in prices in the near future. At the moment, we should expect an attempt to develop a bullish correction and a test of…