Author: forex24pro

ETH/USD are trading at 241.68 and continue to move as part of the growth and upward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $27 038 810 844. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices push from the area between the signal lines, which indicates pressure from buyers and the potential continuation of growth. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of ​​235.05. Where again we should expect a rebound and continued…

LTC/USD are trading at 47.17 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $3 011 277 890. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices have pierced the area between the signal lines down, which indicates pressure from asset sellers. At the moment, we should expect an attempt to drop the value of the digital asset and a test of the support level near the area of ​​45.35. Where again we should…

XRP/USD are trading at 0.1998 and continue to move as part of the growth and formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 955 606 848. Moving averages indicate the presence of a short-term lateral trend for Ripple. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to correct the digital asset and test the support level near the area of ​​0.1905. Further, the continued growth of cryptocurrency in the region above the…

BCH/USD are trading at 255.53 and continue to move as part of the growth and formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 675 365 384. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of growth from current levels. As part of the cryptocurrency rate forecast for June 9, 2020, one should expect an attempt to develop an asset value correction…

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 3215. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of ​​3135. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3355. S&P 500 Forecast and Analysis June 9, 2020 A test of the support line on the relative strength index (RSI) will be in…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1336 area. The pair continues to move in the framework of strong growth and a downward channel. Moving averages indicate a downward trend in the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency and the likely continuation of the bullish correction. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1455. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential…

BRENT complete the trading week near the area of ​​41.29 dollars per barrel. And it continues to move in the framework of growth and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from commodity sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 44.05. Then, a rebound and continued fall of oil to the area below the level of 23.55 dollars per barrel. BRENT crude oil Forecast and Analysis…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2662. The pair continues to move as part of a bullish correction. Moving averages indicate a bearish trend. Prices beat the area between the signal lines up, which indicates pressure from buyers and the potential continuation of the growth of the British Pound against the US Dollar. At this, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 1.2855. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 68.68 Rubles per US Dollar. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US dollar. In the current trading week June 8 — 12, 2020 we should expect an attempt to develop a fall and test the support area near the level of 68.05. Where can we expect a rebound and continued growth of the Dollar to Russian…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.6980. The pair continues to move in the framework of strong growth. Moving averages indicate a bearish trend. Prices quickly broke through the area between the signal lines up, which indicates pressure from buyers and potential continued growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7025. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.6405. AUD/USD Forecast and Analysis June 8 — 12,…