Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9179. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to correct the US Dollar against the Swiss Franc and test the resistance area near…
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 US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.22. Moving averages indicate a short-term bullish trend. Prices have moved away from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the dollar exchange rate forecast for July 29, 2020, we should expect an attempt to develop a decline and…
BTC/USD are trading at 10967 and continue to move within the framework of a strong growth and an upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $204 916 408 754. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices moved up from the area between the lines, which indicates pressure from buyers of «Digital Gold» and a potential continued growth in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, July 29, 2020, we should expect an attempt to develop a downward correction in…
ETH/USD are trading at the level of 315.30 and continue to move within the framework of the growth and the ascending channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $35 613 390 542. Moving averages indicate a short-term bullish trend for Ethereum. Prices pushed up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the 280.05 area.…
LTC/USD are trading at 53.24 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 564 188 451. Moving averages indicate a short-term bullish trend for Litecoin. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 48.65 area. Where can we…
XRP/USD are trading at 0.2179 and continue to move within a strong growth and a bullish channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 111 497 983. Moving averages indicate a short-term bullish trend for Ripple. Prices bounced off 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 correction of a digital asset and a test of the support level near the 0.2045 area. Further, the cryptocurrency will continue to…
Stock index S&P 500 continue to move within the correction and the downward channel. At the time of the publication of the forecast, the index is trading at the level of 3219. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3230 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 3140. S&P 500 Forecast and Analysis July 29, 2020 In favor of falling stock index quotes, a test of the trend line…
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 EUR/USD rate is 1.1741. As part of the Forex forecast for July 28, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1565 area.…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the rising channel. The buyers managed to cancel the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2741. 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 develop a decline in the British…
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 0.7111. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 0.7085. Further, a rebound and continued growth of quotations to…