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 1707 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 1695. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1765. XAU/USD…
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.
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 17.24 Dollars. Moving averages indicate a bullish trend. Prices have gone up from 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 16.75. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the «Wolfe Wave» downward pattern. Moving averages indicate a short-term bullish trend for the pair. 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6167. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6205.…
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 0.9689. 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 0.9655. 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 70.92. Moving averages indicate a short-term bearish trend. Prices are pushing away from the area between the signal lines, indicating pressure from sellers of the American currency. As part of the forecast for the Dollar on May 28, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 71.75…
BTC/USD are trading at 9168 and continue to move as part of the growth and the beginning of the development of the «Wedge» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 168 700 139 659. Moving averages indicate the presence of a short-term bearish 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 28, 2020, we should expect an attempt to develop a correction in the value of a digital asset…
ETH/USD are trading at 205.64 and continue to move as part of the correction and the formation of the «Double Top» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $23 113 748 532. 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 correct the value of the coin and test the resistance level near the area of 210.05. Where again we should expect a rebound…
LTC/USD are trading at 43.59 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 848 010 490. 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 rebound and…
XRP/USD are trading at 0.1959 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 $8 742 107 247. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices pushed from 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 0.2045. Further, the continuation of the fall of cryptocurrency to…
BCH/USD are trading at 232.14 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 $4 300 691 994. 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 forecast for May 28, 2020, we should expect an attempt to develop the growth of the asset value and test…