LTC/USD are trading at 43.99 and continue to move as part of the correction and formation of the «Head and Shoulders» model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $2 886 295 526. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to increase the value of the digital asset and test the resistance level near the area of 45.05. Where again we should expect a…
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.
XRP/USD are trading at 0.1957 and continue to move as part of the correction and formation of the «Head and Shoulders» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 779 427 146. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to correct the digital asset and test the resistance level near the area of 0.2055. Further, the continuation of the fall of cryptocurrency to…
BCH/USD are trading at 236.03 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 380 097 481. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and a potential drop already from current levels. As part of the cryptocurrency rate forecast for May 29, 2020, one should expect an attempt to develop the growth of the asset value and…
Stock index S&P 500 continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the index is trading at 3056. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3015. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3265. S&P 500 Forecast and Analysis May 29, 2020 In favor of raising the quotes of the exchange index, a test of the support line on the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. 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 continuation of the rise of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0895. As part of the Forex forecast for May 28, 2020, we should expect an attempt to develop the rise and test the resistance…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the pound to the US Вollar at Forex is 1.2233. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall already from current levels. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Wolfe Wave» model. Moving averages indicate a short-term bullish trend. Prices are testing 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 Australian Dollar to US Dollar rate is 0.6593. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6655. Further, the rebound and the continued fall of quotations in the area below 0.6465.…
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 107.73. 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 28, 2020, we should…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 35.92 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 the correction and test the support level near the area of 34.25 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 44.05. Brent Crude Oil…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and formation of the «Wolfe Wave» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3781. 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 reduce and test the support level…