Currency pair US Dollar to Canadian Dollar USD/CAD 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 Canadian Dollar is 1.3912. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are pushing from the area between the signal lines, which indicates pressure from sellers and a continued fall in prices in the near future. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3925.…
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.
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 1733 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1705. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…
Silver continue to move as part of strong growth and an upward channel. At the time of the publication of the forecast, the price of Silver is 17.18 Dollars. Moving averages indicate a bullish trend. Prices have gone far up from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continuation of 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 15.95. Where can we expect…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the strong. Moving averages indicate a short-term bullish trend for the pair. 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6118. At the moment, we should expect an attempt to fall and test the support level near the area of 0.6085. Further, within the framework of the forecast and FOREX…
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 0.9657. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which will indicate pressure from buyers. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9620. Then, a rebound and continued appreciation of the US…
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 70.74. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from sellers of American currency. As part of the forecast for the Dollar on May 22, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 72.15 Rubles per…
BTC/USD are trading at 9328 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $172 212 460 938. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are testing the area between the lines, indicating pressure from Digital Gold buyers. As part of the cryptocurrency rate forecast for tomorrow, May 22, 2020, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near the area of…
ETH/USD are trading at 205.26 and continue to move as part of growth and the rising channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $23 097 345 722. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of 200.55. Where again we should expect a rebound and continued growth of the Ethereum rate with…
LTC/USD are trading at 43.39 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 842 422 570. Moving averages indicate the presence of a short-term bearish trend in 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 46.45. Where again we should expect a rebound…
XRP/USD are trading at 0.1959 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 811 256 243. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing 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…