Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3540. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing 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 reduce and test the support level near the area of 1.3465. Further,…
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 inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of Gold is 1718 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1695. Where can we expect a rebound and continued growth in the price of Gold with a target above the…
Silver continue to move as part of the correction after a strong fall and were able to leave the rising channel. At the time of the publication of the forecast, the price of Silver is 17.46 Dollars. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the «Triangle» model. 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 currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6455. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6495. Further, within…
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 0.9490. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the fall. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9465. Then, a rebound…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 69.53. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of American currency. As part of the forecast for the Dollar on June 18, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 70.15 Rubles per…
BTC/USD are trading at 9491 and continue to move as part of the growth and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $173 222 640 985. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the sellers of Digital Gold and the potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, June 18, 2020, one should expect an attempt to develop a correction in the…
ETH/USD are trading at 232.82 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $25 721 223 497. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential continuation of the fall. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 225.05. Where again we should…
LTC/USD are trading at 44.22 and continue to move as part of the correction and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 856 292 098. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between signal lines, which indicates pressure from asset sellers. At the moment, we should expect an attempt to fall in the value of the digital asset and a test of the support level near the 41.65 area. Where again we should expect a rebound and continued growth of…
XRP/USD are trading at 0.1940 and continue to move as part of the growth. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 487 631 176. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to correct the digital asset and a test of the support level near the area of 0.1895. Further, the continued growth of cryptocurrency in the region above the…