LTC/USD are traded at 59.83 and continue to move within the correction and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 894 011 388. Moving averages indicate a short-term bullish trend for Litecoin. Prices push off from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. 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 56.15 area.…
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.
XRP/USD are trading at 0.2797 and continue to move as part of the correction and the formation of the «Triangle» pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $12 602 342 751. 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 0.2735 area. Further, the…
Stock Index S&P 500 continue to move within the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 3440. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3405 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3505. S&P 500 Forecast and Analysis August 26, 2020 An additional signal in favor of the growth of the stock index quotes will be a test…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. 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. At the time of the publication of the forecast, the EUR/USD rate is 1.1837. As part of the Forex forecast for August 25, 2020, we should expect an attempt to grow and test the resistance level near the 1.1865 area. Further,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the beginning of the development of the downward model «Wolfe Wave». At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3067. 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 asset’s growth. At the moment, we should expect an attempt to continue the growth of the British Pound against the US Dollar and…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal dress. Moving averages indicate a short-term bearish trend. Prices broke through the areas between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7168. At the moment, we should expect an attempt to develop growth and test the resistance area near the level…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.90. Moving averages indicate a short-term bearish trend for the pair. Prices bounced down from the area between the signal lines, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices. As part of the forecast for the Japanese Yen rate for August 25,…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 44.86 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of «Black Gold» and a potential continuation of the growth of the asset value. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.05 per barrel. Further, the continued growth of the oil rate to…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline and the formation of the «Head and Shoulders» reversal pattern, as well as the «Triangle» pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3226. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in prices in the near future. At the moment, we should expect an attempt to develop…
GOLD continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. At the time of the publication of the forecast, the price of GOLD is 1930 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. 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 correction and test the resistance level near the 1950 area. Where can we expect a rebound and the continuation…