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 107.69. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and the potential continuation of the rise in prices. As part of the forecast for the Japanese Yen on May 29, 2020, we should…
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.
Brent continue to move as part of the growth and formation of the Triangle model. At the time of the publication of the forecast, the price of Brent crude oil is $ 35.97 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, indicating pressure from Black Gold buyers. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 34.35 dollars per barrel. Further, the continued growth of the oil rate in the region above the level…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3768. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone far down from the area between the signal lines, which indicates pressure from sellers and a continued fall in prices in the near future. At the moment, we should expect an attempt to grow and test the resistance level near the area…
GOLD continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of GOLD is 1713 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices have gone down from the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1700. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1765. XAU/USD…
Silver continue to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 17.27 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a downward correction of the metal value and a test of the support level near the area of 16.95. Where can we…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the rising channel. Moving averages indicate a short-term bullish trend for the pair. Prices have gone far 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6215. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6235. Further, within…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9638. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices push away from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9605. Then, a rebound and continued appreciation of…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 70.16. Moving averages indicate a short-term bearish trend. Prices have gone down from the area between the signal lines, indicating pressure from sellers of American currency. As part of the forecast for the Dollar on May 29, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 72.55 Rubles per US…
BTC/USD are trading at 9450 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $173 743 117 728. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold. As part of the cryptocurrency rate forecast for tomorrow, May 29, 2020, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near…
ETH/USD are trading at 213.16 and continue to move as part of the growth and formation of the «Triangle» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $23 889 324 899. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 207.05. Where again we should expect a rebound and continued growth of the…