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 71.62. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of American currency. As part of the forecast for the Dollar on May 26, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 72.05 Rubles per US Dollar.…
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.
BTC/USD are trading at 8795 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 $161 428 584 505. 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 26, 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 201.95 and continue to move as part of the growth and upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $22 618 003 164. Moving averages indicate the presence of a short-term sideways 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 207.75. Where again we should expect a rebound and a continuation of…
LTC/USD are trading at 42.60 and continue to move as part of the correction and the formation of the «Triangle» model. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 785 129 856. 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 44.05. Where again we should expect a rebound and a continued…
XRP/USD are trading at 0.1916 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 $ 8 597 961 878. 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 0.2075. Further, the continuation of the fall of cryptocurrency to…
BCH/USD are trading at 228.75 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 207 344 752. 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 26, 2020, one should expect an attempt to develop the growth of the asset value and test the resistance…
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 2987. 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 3135. S&P 500 Forecast and Analysis May 26, 2020 In favor of raising the quotes of the exchange index, a test of the support line…
Last week the careful attention of forex traders was drawn to the GBP/USD currency pair. The combination of unexpectedly high unemployment rates release and the Bank of England governor Bailey’s speech did not manage to push the currency below the strong 1.200 support level last week. Yet, it put it in quite a tight corner. Whether British Pound can gain a foothold in 1.216-1.265 range, remains one of the most exciting battles to observe this week. This spring the U.S. government managed the situation with coronavirus pandemic and the following deep retracement of the S&P 500 index by turning on…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0889. The pair continues to move as part of the decline and the downward channel. Moving averages indicate a downward trend in the pair. Prices pushed from the area between the signal lines, indicating pressure from sellers of European currency. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.0965. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the area below the…
BRENT complete the trading week near the area of $ 35.54 per barrel. And it continues to move in the framework of growth. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 27.55. Then, the rebound and continued growth of oil in the region above the level of 50.05 dollars per barrel. BRENT crude oil Forecast and May 25 — 29, 2020 An additional signal…