Stock index S&P 500 continue 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 index is trading at the level of 3241. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3255 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3145. S&P 500 Forecast and Analysis July 30, 2020 In favor of falling stock…
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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.
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 have moved far higher again from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the European currency. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1736. As part of the Forex forecast for July 29, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1585…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth. Despite the cancellation of the formation of the «Head and Shoulders» reversal pattern, the potential for the bearish «Wolfe Wave» pattern still remains. At the time of the publication of the forecast, the British Pound/US Dollar rate on Forex is 1.2881. 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…
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 pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7143. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7195. Further, the rebound and the continuation of the fall in quotations to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong fall in the bearish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.09. 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 29, 2020, we should expect an…
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 $ 43.51 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 the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3385. 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 price decline in the near future. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.3445…
GOLD continue to move within the growth and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1932 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the asset and potential continued growth. At the moment, we should expect an attempt to develop a correction and test the support level near the 1885 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…
Silver continue to move within the framework of a steady growth and an upward channel. At the time of the release of the forecast, Silver prices are at $23.69. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 21.25 area. Where can we expect a rebound and continued growth…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the bullish 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 currency pair and a potential continued growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6649. At the moment, we should expect an attempt to grow and test the resistance level near…