Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9667. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone far below 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 0.9650. Then, a rebound…
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.
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 70.79. 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 27, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 72.05…
BTC/USD are trading at 8751 and continue to move as part of the fall and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $161 743 944 137. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have gone far below the area between the lines, indicating pressure from Digital Gold sellers. As part of the cryptocurrency rate forecast for tomorrow, May 27, 2020, one should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the…
ETH/USD are trading at 197.25 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $22 370 470 726. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to correct the value of the coin and test the resistance level near the area of 202.05. Where again we should expect a rebound…
LTC/USD are trading at 41.71 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 $2 748 246 531. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices pierced the area between the signal lines down, 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 43.05. Where again we should expect a rebound and…
XRP/USD are trading at 0.1898 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 584 461 429. 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 0.1955. Further, the continuation of the fall of cryptocurrency to the…
BCH/USD are trading at 224.64 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 $4 172 470 629. 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 27, 2020, we should expect an attempt to develop the growth of the asset value and test…
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 2998. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 2955. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3105. S&P 500 Forecast and Analysis May 27, 2020 In favor of raising the quotes of the exchange index, a test of the support line…
Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and the rising channel. 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 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 26, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0975. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of a strong upward correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2192. 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 in quotes already from current levels. At the moment, we should expect an attempt to develop a correction of the British Pound against the US Dollar and…