Stock index S&P 500 continue to move as part of strong growth and an upward channel. At the time of the publication of the forecast, the index is trading at 3203. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3155. Where can we expect a rebound and continued growth of S&P 500 quotes to the area above the level of 3445. S&P 500 Forecast and Analysis June 11, 2020 A test of the support line on the relative strength index (RSI) will be in favor of…
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 growth and upward channel. 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 continuation of the rise of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1296. As part of the Forex forecast for June 10, 2020, we should expect an attempt to develop a correction and a test of the support level near the area of…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2651. 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 a depreciation of the British Pound against the US Dollar and a test of the support area near the level of 1.2525. Where again we should expect a rebound and continued…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. Moving averages indicate a short-term bullish trend. Prices have gone far 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 Australian Dollar to US Dollar rate is 0.6930. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6855. Further, the rebound and continued growth of quotations to the area above 0.7255. AUD/USD Forecast…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall 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 107.91. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices left the area with signal lines down, indicating pressure from sellers of the US Dollar and a potential continuation of the fall in prices. As part of the forecast of the Japanese Yen rate on June 10, 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 $ 40.12 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have gone up from the area between the signal lines, which indicates pressure from the buyers of Black Gold. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 36.85 dollars per barrel. Further, the continued growth of the oil rate in the region above the level…
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 exchange rate of the US Dollar to the Canadian Dollar is 1.3461. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone far down from 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 grow and test the resistance level near the area…
GOLD continue to move as part of strong growth and the formation of an inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of Gold is 1698 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1685. Where can we expect a rebound and continued growth in the price of Gold with…
Silver continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Silver is 17.64 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a downward correction of the metal value and a test of the support level near the area of 17.15. Where can we expect a rebound…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction after growth and the rising channel. Moving averages indicate a short-term bullish trend for the pair. Prices have gone far 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6478. At the moment, we should expect an attempt to fall and test the support level near the area of 0.6325.…