Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9412. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from the sellers and the potential continuation of the fall. At the moment, we should expect an attempt to increase the US dollar against the Swiss franc and test the resistance area near the level of 0.9450. Then, 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.
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the bullish correction and the formation of the «Wedge» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 71.69. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the forecast for the Dollar on July 7, 2020, we should expect an attempt to develop a bullish correction and test the resistance level…
BTC/USD are trading at 9311 and continue to move as part of the correction and the start of development of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $171 291 048 593. Moving averages indicate the presence of a short-term bearish trend in Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold and the potential continuation of the rise in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, July 7, 2020, one should expect an attempt…
ETH/USD are trading at 238.18 and continue to move as part of the bullish correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $26 688 582 514. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines up, which indicates pressure from buyers and the potential continuation of the rise. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 245.05. Where again…
LTC/USD are trading at 43.32 and continue to move as part of the correction and the downward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 825 750 010. 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 asset sellers. At the moment, we should expect an attempt to correct the value of the digital asset and test the resistance level near the area of 45.25. Where again we should expect a rebound and a continued…
XRP/USD are trading at 0.1846 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 252 790 515. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and the potential continuation of the fall. At the moment, we should expect an attempt to correct the digital asset and test the resistance level near the area of 0.1925. Further, the continuation of the…
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 3164. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 3105. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3275. S&P 500 Forecast and Analysis July 7, 2020 A test of the support line on the relative strength index (RSI) will be in favor…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1226 area. The pair continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate the presence of a flat trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency and the likely continuation of the bullish correction. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1395. Where is the rebound expected and the continuation of the fall…
BRENT complete the trading week near the area of 42.54 dollars per barrel. And it continues to move within the framework of the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from commodity sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 45.05. Then, a rebound and continued fall of oil to the area below the level of 28.05 dollars per barrel. BRENT crude oil Forecast…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2454. The pair continues to move as part of the fall after rising. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the depreciation of the British Pound against the US Dollar at current levels. At this, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 1.2715. Further, the rebound and the beginning of the fall of the Pound/Dollar…