Litecoin LTC/USD ends the trading week at 41.56 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the areas between the signal lines again. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a minor bullish correction and a test of the resistance area near the 42.55 level. Where can we expect a rebound again and an attempt to start a fall in the value of Litecoin…
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.
Bitcoin Cash completes the trading week at 222.11 and continues to move as part of the fall and the formation of another «Triangle» pattern. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD forecast for the next trading week, we should expect an attempt to raise the value of a digital asset and test the resistance area near the level of 230.55. From where a rebound is expected again and an attempt to drop Bitcoin…
Silver ends the trading week near the 19.35 area. Quotes continue to move within the framework of growth. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to raise the value of the asset and test the resistance level near the 19.85 area. Further, the beginning of the fall in the price of Silver with a potential target below the level of 13.75. Silver Weekly Forecast and…
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 up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1402. As part of the Forex forecast for July 17, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1455 area. Further, the rebound…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2560. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the currency pair and the potential continued growth of the asset. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and test the resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the formation of the «Double Top» reversal pattern. 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 0.6983. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7025. Further, the rebound and the continuation of…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 107.17. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from sellers of the US Dollar and the potential continuation of the fall in prices. As part of the forecast for the Japanese Yen rate for July 17, 2020, we should expect an attempt to…
Brent continue 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 price of Brent crude oil is $ 43.45 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from the buyers of Black Gold and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt at correction and a test of the support level near the area of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall of the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3535. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from sellers and the potential continuation of the fall in prices in the near future. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1.3615…
GOLD continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the price of GOLD is 1804 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from asset buyers and potential continued growth. At the moment, we should expect an attempt to develop a decline and test the support level near the 1800 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…