Stock index S&P 500 continue to move as part of growth after a strong fall and an upward channel. At the time of the publication of the forecast, the index is trading at 3142. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 3065. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3375. S&P 500 Forecast and Analysis June 18, 2020 In favor of raising the quotes of the exchange index, a test…
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.
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the rising channel. 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 the potential continuation of the rise of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1260. As part of the Forex forecast for June 17, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.1335 area.…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2564. 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. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and a test of the resistance area near the level of 1.2645. Where again we should expect a rebound and a continued fall in…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6878. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6915. Further, a rebound and continued fall of quotations to the area below the level of 0.6615. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.29. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, indicating pressure from sellers of the US Dollar and the potential continuation of the fall in prices. As part of the forecast for the Japanese Yen on June 17, 2020, we should expect…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 40.66 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices pushed from the area between the signal lines, indicating pressure from the buyers of Black Gold and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 38.75 dollars per barrel. Further, the continued growth…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3558. 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 1.3485. Further, the…
GOLD continue to move as part of the growth and formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of GOLD is 1732 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 1700. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level…
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 17.43 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. 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 0.6442. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6495. Further, within the framework of the Forex forecast and…