Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Wedge» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9687. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices broke through the area between the signal lines down, which will indicate pressure from sellers. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9640. Then, a rebound and continued…
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 correction 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 73.43. 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 14, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 74.25 Rubles per…
BTC/USD are trading at 9080 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $167 525 699 793. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have pierced the area between the lines, indicating pressure from Digital Gold sellers. As part of the cryptocurrency rate forecast for tomorrow, May 14, 2020, one should expect an attempt to correct the value of the digital asset and test the resistance level near the area of 9225. Where again we should expect a rebound and…
ETH/USD are trading at 192.99 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $21 895 132 747. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to correct the value of the coin and test the resistance level near the area of 195.05. Where again we should expect a rebound and a continued…
LTC/USD are trading at 42.46 and continue to move as part of the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $2 788 139 920. 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 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 43.65. Where again we should expect a rebound and a continued…
XRP/USD are trading at 0.1980 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 $8 895 949 536. 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 0.2055. Further, the continuation of the fall of cryptocurrency to the area below the…
BCH/USD are trading at 235.06 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 $4 362 364 491. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from sellers. As part of the cryptocurrency rate forecast for May 13, 2020, we should expect an attempt to develop an asset value correction and a test of the resistance level near the area of 250.05. Where again we…
We all know indicators are great helping tools to finding perfect trades. The professional traders use indicators in a very sophisticated way and take trades with managed risk. But using the indicators is not an easy task as many people don’t know the perfect way to use the indicators. They make things complex as they use the wrong indicator to trade the asset. The selection of indicators is critical to your success. Unless you do it in the perfect way, it will be really hard to make some serious profit. Being a new trader in Hong Kong, there are few…
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 again testing the area between the signal lines, which indicates pressure from sellers of the European currency and the potential continuation of the decline already from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0822. As part of the Forex forecast for May 13, 2020, we should expect an attempt to develop a correction and test the resistance level near…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2312. 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 a test of the resistance area near the level of 1.2405. Where again we should expect a…