Author: forex24pro

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 rate of the US Dollar to the Swiss Franc is 0.9359. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, 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 raise the US Dollar against the Swiss Franc and test the resistance area near…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 70.65. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency and potential continued growth. As part of the dollar exchange rate forecast for July 22, 2020, we should expect an attempt to develop growth and test the resistance level near the area of ​​71.25 rubles…

BTC/USD are trading at 9381 and continue to move as part of strong growth and the beginning of the development of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $172 526 465 801. Moving averages indicate 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 22, 2020, we should expect an attempt to develop a downward correction…

ETH/USD are traded at 242.51 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $27 196 004 366. Moving averages indicate the presence of a short-term sideways trend in Ethereum. Prices have broken the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the rise in the asset value. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of…

LTC/USD are traded at 43.45 and continue to move as part of the correction and the formation of the «Triangle» pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $2 843 950 158. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near the 44.05…

XRP/USD are trading at 0.1966 and continue to move within the fall and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $8 898 359 228. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing 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 bullish correction of a digital asset and a test of the resistance level near the 0.2045 area. Further, the continuation of the fall…

Stock index S&P 500 continue to move within the framework of the rise and the ascending channel. At the time of the publication of the forecast, the index is trading at the level of 3264. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3175 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3425. S&P 500 Forecast and Analysis July 22, 2020 A test of the support line on the relative strength…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1436 area. The pair continues to move as part of the correction and the formation of a large «Triangle» pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a 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 1.1495. Where is the rebound and the continuation of the fall of the…

BRENT finish the trading week near the area of ​​$ 43.16 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 44.45. Then, the rebound and the continuation of the fall of oil to the area below the level of $ 27.45 per barrel. BRENT…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2559. 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 are testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the decline 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 1.2685. Further,…