GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Gold is 1846 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1770. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1885.…
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.
Silver continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Silver is 18.22 Dollars. Moving averages indicate a bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers of the asset and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a correction of the metal value and a test of the support level near the area of 17.90. Where can we expect a rebound and continued growth…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue 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 were able to push from the area between the signal lines, which indicates pressure from buyers of the currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6551. At the moment, we should expect an attempt to fall and test the support level near…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9412. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from the sellers and the potential continuation of the fall. At the moment, we should expect an attempt to increase the US dollar against the Swiss franc and test the resistance area near the level of 0.9450. Then, a…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the bullish correction and the formation of the «Wedge» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 71.69. 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 American currency. As part of the forecast for the Dollar on July 7, 2020, we should expect an attempt to develop a bullish correction and test the resistance level…
BTC/USD are trading at 9311 and continue to move as part of the correction and the start of development of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $171 291 048 593. Moving averages indicate the presence of a short-term bearish trend in Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold and the potential continuation of the rise in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, July 7, 2020, one should expect an attempt…
ETH/USD are trading at 238.18 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 $26 688 582 514. 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 245.05. Where again…
LTC/USD are trading at 43.32 and continue to move as part of the correction and the downward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 825 750 010. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from asset sellers. At the moment, we should expect an attempt to correct the value of the digital asset and test the resistance level near the area of 45.25. Where again we should expect a rebound and a continued…
XRP/USD are trading at 0.1846 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 $8 252 790 515. 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 0.1925. Further, the continuation of the…
Stock index S&P 500 continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the index is trading at 3164. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 3105. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3275. S&P 500 Forecast and Analysis July 7, 2020 A test of the support line on the relative strength index (RSI) will be in favor…