XRP/USD complete the trading week at 0.1989 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential drop in cryptocurrency from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.2195. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.0765. XRP Forecast and Analysis XRP/USD May 25 — 29, 2020 An additional signal in…
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.
Litecoin LTC/USD ends the trading week at 43.75 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines. This indicates pressure from the sellers of the digital asset and the potential continuation of the fall in the rate of Litecoin in the current trading week. At the moment, we should expect an attempt to develop a slight bullish correction and a test of the resistance area near the level of 47.65. Where again we should expect a rebound and an attempt to…
Bitcoin Cash ends the trading week at 234.02 and continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers and the potential continuation of the fall. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 265.55. Where again, a rebound is expected and an attempt to drop Bitcoin Cash…
Silver complete the trading week near the area of 17.18. Quotes continue to move in the framework of growth and the downward channel. At the moment, we should expect an attempt to fall in the value of the asset and a test of the support level near the 16.35 area. Further, the beginning of the rise in the price of Silver with a potential target above the level of 20.55. Silver Weekly Forecast and Analysis May 25 — 29, 2020 In favor of raising quotes and Silver prices in the current trading week May 25 — 29, 2020 a test…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and formation of the «Wolfe Wave» downward pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.74. Moving averages indicate a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, indicating 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 22, 2020, we should…
Currency pair Euro/Dollar EUR/USD continues to move as part of a strong upward correction and the formation of the «Triangle» model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0978. As part of the FOREX forecast for May 22, 2020, we should expect an attempt to develop a correction and test the resistance level near the 1.1005 area. Further, the rebound and continued fall…
BCH/USD are trading at 236.10 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 $4 369 940 349. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. As part of the cryptocurrency forecast for May 22, 2020, one should expect an attempt to develop the growth of the asset value and test the resistance level near the…
Currency pair Pound/Dollar GBP/USD continues to move as part of a strong upward correction and a downward channel. At the time of the publication of the forecast, the pound to the US dollar at FOREX is 1.2243. 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 the correction of the British Pound against the US Dollar and a test of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong growth and the beginning of the development of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, 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 0.6567. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6485. Further, the rebound and continued growth of quotations to the area…
Brent continue to move as part of the growth and bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is 36.63 dollars per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have gone far up from 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 33.15 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 46.55.…