XRP/USD are trading at 0.1966 and continue to move within the fall and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $8 898 359 228. 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 bullish correction of a digital asset and a test of the resistance level near the 0.2045 area. Further, the continuation of the fall…
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 within the framework of the rise and the ascending channel. At the time of the publication of the forecast, the index is trading at the level of 3264. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3175 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3425. S&P 500 Forecast and Analysis July 22, 2020 A test of the support line on the relative strength…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1436 area. The pair continues to move as part of the correction and the formation of a large «Triangle» pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a likely continuation of the bullish correction. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1495. Where is the rebound and the continuation of the fall of the…
BRENT finish the trading week near the area of $ 43.16 per barrel. And it continues to move within the bullish 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 of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 44.45. Then, the rebound and the continuation of the fall of oil to the area below the level of $ 27.45 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2559. The pair continues to move as part of the correction and the formation of a large «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. Prices are testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to continue the development of an upward correction and test the resistance area near the level of 1.2685. Further,…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.80 rubles per US Dollar. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week July 20 — 24, 2020 we should expect an attempt to develop a fall and a test of the support area near the level of 67.75. Where can we expect a rebound and continued growth in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6996 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continued growth. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7025. Then, the rebound and the continuation of the fall in AUD/USD with a potential target below the level of 0.6125. AUD/USD Forecast and Analysis…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3572. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1.3425 area. Then, the continued growth of quotations with a target above the level of 1.4195.…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 106.99 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed down from the area between the signal lines, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 105.45. Then, a rebound and continued growth of the pair to the area above the level…
GOLD completing the trading week near the 1810 area. XAU/USD quotes continue to move within the growth and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices bounced off the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1685 area. Further, the GOLD price will continue to rise with a potential target above the level of 1955. GOLD Price Forecast and Analysis July 20 —…