XRP/USD end the trading week at the level of 0.2017 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential drop in the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.2325. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level of 0.1185. XRP Forecast and Analysis…
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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.
Litecoin LTC/USD ends the trading week at 57.77 and continues to move as part of strong growth and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the rise in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 44.05. Where can we expect a rebound again…
Bitcoin Cash completes the trading week at 298.33 and continues to move as part of the strong growth of the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 240.05. From where the rebound…
Silver ends the trading week near the 23.95 area. Quotes continue to move within the framework of strong growth. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 20.60 area. Further, the continued growth in the price of Silver with a potential target above the level of 27.75. Silver Weekly Forecast and Analysis August 3…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. As you can see, buyers are not ready to stop yet. At the time of the publication of the forecast, the EUR/USD rate is 1.1785. As part of the Forex forecast for July 31, 2020, we should expect an attempt to continue the downward correction and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the formation of the downward «Wolfe Wave» pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3036. 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 test the resistance…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7146. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 0.7115. Further, a rebound and continued growth of quotations…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall of the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.99 Moving averages indicate a short-term bearish trend for the pair. Prices have moved far down from the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for July 31, 2020, we should expect an attempt…
Brent continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 43.03 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 buyers of «Black Gold» and a potential continued growth in the value of the asset. At the moment, we should expect an attempt to grow and test the resistance level near the area of $ 44.05 per barrel. Further, the continuation of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a bullish correction and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3438. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area 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 a bullish correction and test the resistance level near the 1.3465…