ETH/USD are trading at 238.47 and continue to move as part of the fall and the beginning of the development of the «Triangle» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $26 022 770 009. Moving averages indicate the presence of a short-term sideways trend in Ethereum. Prices broke the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level…
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.
LTC/USD are traded at 41.56 and continue to move within the fall and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $2 726 481 889. Moving averages indicate a short-term bearish trend for Litecoin. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the asset and the potential continuation of the fall. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the 42.55 area. Where can we…
XRP/USD are trading at 0.1879 and continue to move as part of the fall and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $8 466 790 631. Moving averages indicate a short-term bullish trend for Ripple. Prices have broken the area between the signal lines down, 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 bullish correction of a digital asset and a test of the resistance level…
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 3201. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3155 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3365. S&P 500 Forecast and Analysis July 17, 2020 In favor of the growth of quotations of the stock index, a test…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of growth and the ascending channel, as we see, buyers were able to cancel the formation of the “Wedge” model. Moving averages indicate a short-term bullish trend for the pair. Prices went far up from the area between the signal lines, which indicates pressure from buyers of the European currency and the potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1441. As part of the FOREX forecast for July 16, 2020, we should expect an attempt to continue…
Currency pair Pound/Dollar GBP/USD 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 forecast, the pound to the US Dollar at Forex is 1.2641. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the currency pair and the potential continued growth of the asset. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the beginning of the development of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7024. At the moment, we should expect an attempt to correct and test the support area near the level of 0.6965. Further, the rebound and continued growth of quotations to the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 Japanese Yen is 106.74. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from 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 July 16, 2020, we should expect an attempt to…
Brent continue to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.93 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 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 correct and test the support level near the area of 41.65 dollars per barrel. Further, the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3562. Moving averages indicate a short-term bullish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from sellers and the 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 a…