BTC/USD are trading at 9227 and continue to move as part of the correction and the beginning of the development of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $169 541 776 576. Moving averages indicate the presence of a short-term sideways trend for Bitcoin. Prices have pierced the area between the uplines, which indicates pressure from the buyers of Digital Gold and the potential continuation of the rise in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, July 16, 2020, one should expect an attempt…
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.
ETH/USD are trading at 238.47 and continue to move as part of the bullish correction and the formation of the «Triangle» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $26 646 902 631. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and the potential continuation of the rise. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 243.05.…
LTC/USD are trading at 43.16 and continue to move as part of the fall and the rising channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 807 285 176. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the asset and the potential continuation of the fall. At the moment, we should expect an attempt to continue the development of the correction of the value of the digital asset and a test of the resistance…
XRP/USD are trading at 0.1959 and continue to move as part of the upward correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 721 917 737. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of growth. At the moment, we should expect an attempt to continue the development of the bullish correction of the digital asset and test…
Stock index S&P 500 continue to move within the framework of growth and the upward channel, as we see, buyers of the index were able to cancel the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the index is trading at 3225. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 3155. Where can we expect a rebound and the continued rise of S&P 500 quotes to the area above the level of 3355. S&P 500…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and formation of the reversal model «Wedge». 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 continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1396. As part of the Forex forecast for July 15, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1415 area. Further,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2557. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall of the asset. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and a test of the resistance area near the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and formation of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines up, 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 0.6970. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6990. Further, the rebound and continued fall of quotations to the area below the level…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.19. Moving averages indicate a short-term bearish trend for the pair. Prices are testing 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 on July 15, 2020, we should expect an attempt to…
Brent continue to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.81 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 to correct and test the support level near the area of 41.75 dollars per barrel. Further, the…