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 2950. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 2905. Where can we expect a rebound and continued growth of S&P 500 quotes to the area above the level of 3055. S&P 500 Forecast and Analysis May 22, 2020 In favor of raising the quotes of the exchange index, a test of the support line…
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 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 1.0987. As part of the Forex forecast for May 21, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0995. Further, the rebound and continued…
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 1.2280. 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 a test of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong 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 0.6583. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6525. Further, the rebound and continued growth of quotations to the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of strong growth and the 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 107.53. 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 21, 2020, we…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 35.85 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 a correction and test the support level near the area of 32.55 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 46.05.…
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 1.3873. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed 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 1.3935. Further,…
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 1734 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push from 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 1725. 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 17.40 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 16.55. Where can we expect…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of strong growth and the formation of an inverted «Head and Shoulders» model. 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 0.6139. At the moment, we should expect an attempt to fall and test the support level near the area of…