LTC/USD are trading at 44.41 and continue to move as part of the correction and the formation of the head and shoulders reversal pattern. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 916 934 710. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers. 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 47.65. Where again we…
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.
XRP/USD are trading at 0.2013 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 $8 996 265 453. 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 0.2115 area. Further, the continuation of the fall of cryptocurrency to the area below the level…
BCH/USD are trading at 245.57 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 $4 522 051 715. 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 rate forecast for May 20, 2020, one should expect an attempt to develop the growth of the asset value and test the resistance level near the area of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing 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 1.0854. As part of the FOREX forecast for May 19, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0935. Further, the rebound and continued fall of the Euro/Dollar…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2193. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair. At the moment, we should expect an attempt to develop the correction of the British Pound exchange rate and test the resistance area near the level of 1.2245. Where again we should expect a rebound and a continued fall…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the next «Triangle» model. Moving averages indicate a short-term bearish 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 0.6500. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6525. Further, the rebound and continued fall of quotations in the area below 0.6215.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.01. Moving averages indicate the presence of a short-term lateral 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 19, 2020, we should expect…
Brent continue to move in the framework of strong growth and an upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 29.91 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 $ 30.55 per barrel. Further, the continued growth of the oil rate in the region above the level…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3984. Moving averages indicate a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, which indicates pressure from buyers and the continued rise in prices in the near future. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3955. Further,…
GOLD continue to move as part of the growth and development of the «Triangle» model. 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 1720. Where can we expect a rebound and continued growth in the price of GOLD with a target above the…