XRP/USD are trading at 0.1717 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $7 748 701 980. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices push away from the area between the signal lines, which indicates pressure from asset sellers and a 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 0.1775. Further, the continuation of…
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 as part of the growth and upward channel. At the time of the publication of the forecast, the index is trading at 3079. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3095. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3245. S&P 500 Forecast and Analysis July 3, 2020 A test of the support line on the relative strength index (RSI) will be in favor of raising…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Triangle» model, the uncertainty still remains until the model goes beyond the limits. 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 the potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1264. As part of the Forex forecast for July 2, 2020, we should expect an attempt to develop a fall…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2448. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers 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 1.2285. Where again we should expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate a short-term bullish trend. It is worth considering that prices are walking through moving prices, this may indicate a weakness in the current 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 0.6937. At the moment, we should expect an attempt to reduce and test the support area near…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.41. 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 Japanese Yen rate forecast for July 2, 2020, we should expect an attempt to develop a…
Brent continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.62 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 a correction and a test of the support level near the area of 39.10 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 1.3561. Moving averages indicate a short-term bearish trend for the pair. Prices are pushing from the area between the signal lines, which indicates pressure from sellers and a 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 the…
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 1766 Dollars per Troy Oz. The bulls were again able to update the local maximum, but prices quickly turned down. 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 1755. Where can we expect a rebound and…
Silver continue to move as part of a strong correction after growth. As you can see, it is rather difficult for buyers to stay on the local maximums of the asset. At the time of the publication of the forecast, the price of Silver is 17.94 Dollars. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 in the value…