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…
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.
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…
Silver continue to move as part of the correction and the beginning of the «Head and Shoulders» pattern. At the time of the publication of the forecast, Silver prices are at $ 26.44. Moving averages indicate a bullish 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 in the value of the asset. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the 27.05 area.…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a decline and an upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6538. At the moment, we should expect an attempt to grow and test the resistance level near the…
Currency pair Dollar Franc USD/CHF 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 Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9110. Moving averages indicate a short-term bearish trend for the pair. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset price growth. At the moment, we should expect an attempt to develop the fall in the US Dollar rate against the Swiss…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.52. Moving averages indicate a short-term bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the dollar exchange rate forecast for August 25, 2020, we should expect an attempt to develop a decline and test…
BTC/USD are traded at 11762 and continue to move as part of the correction of the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $217 152 608 853. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are bouncing off the area between the lines, which indicates pressure from Digital Gold buyers and potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow on August 25, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a…
ETH/USD are traded at 403.08 and continue to move as part of the correction and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $45 297 265 026. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the 370.05 area. Where…
LTC/USD are traded at 62.32 and continue to move within the correction and the ascending channel. As you can see, prices are trying to grow, but no good upward movement has taken place yet. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $4 087 171 547. Moving averages indicate a short-term bullish trend for Litecoin. Prices bounced off 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…
XRP/USD are trading at 0.2860 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $12 942 506 521. 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 0.2715 area. Further, the cryptocurrency will continue to grow…