LTC/USD are traded at the level of 48.66 and continue to move within the growth and ascending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 161 799 064. 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 46.85 area. Where can we…
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.
XRP/USD are trading at 0.2180 and continue to move as part of strong growth and the formation of the «Triangle» pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $9 766 901 883. 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 0.2155 area. Further, the…
Stock index S&P 500 continue to move within the correction. At the time of the publication of the forecast, the index is trading at 3215. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3245 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 3075. S&P 500 Forecast and Analysis July 28, 2020 In favor of falling stock index quotes, a test of the broken trend line on the relative strength index (RSI)…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1598 area. The pair continues to move within the framework of strong growth. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards and moved far from the movings, which indicates strong pressure from buyers of the European currency and the likely continuation of growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1645. Where is the rebound and the continuation of the fall of the Euro Dollar…
BRENT finish the trading week near the area of $ 43.57 per barrel. And it continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 45.05. Then, the rebound and the continuation of the fall in oil to the area below the level of $ 27.25 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2722 area. The pair continues to move as part of the correction and the formation of a large «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to continue the development of an upward correction and test the resistance area near the level of 1.2765.…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.39 rubles per US dollar. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week July 27 — 31, 2020 we should expect an attempt to develop growth and a test of the resistance area near the level of 73.15. Where can we expect a rebound and a continuation of the fall…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7076 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continued growth. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7145. Then, the rebound and the continuation of the fall in AUD/USD with a potential target below the level of 0.6110. AUD/USD Forecast and Analysis…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3434. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1.3405 area. Then, the continued growth of quotations with a target above the level of 1.4135. USD/CAD Forecast…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 106.37. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed down from the area between the signal lines, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 105.05 area. Then, a rebound and continued growth of the pair to the area above the level…