Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3561. Moving averages indicate 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 develop a bullish correction and a test of the…
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 growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1766 Dollars per Troy Oz. The bulls were again able to update the local maximum, but prices quickly turned down. 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 1755. Where can we expect a rebound and…
Silver continue to move as part of a strong correction after growth. As you can see, it is rather difficult for buyers to stay on the local maximums of the asset. At the time of the publication of the forecast, the price of Silver is 17.94 Dollars. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a correction in the value…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the upward channel. The «Triangle» model is also being formed, this indicates a decrease in volatility and a quick breakdown of the model and a strong movement towards the breakdown. Moving averages indicate a short-term bullish trend for the pair. Prices were able to push from the area between the signal lines, 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…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. Here we observe the formation of the «Triangle» model; in most cases, this pattern breaks into the trend direction. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9468. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from the sellers and the potential continuation of the fall. At the moment, we should expect an attempt to increase…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the bullish correction and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 70.60. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the forecast for the Dollar on July 2, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of…
BTC/USD are trading at 9236 and continue to move as part of a strong upward correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $168 805 846 491. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the sellers of Digital Gold and the potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, July 2, 2020, we should expect an attempt to continue the development of a bullish correction…
ETH/USD are trading at 227.65 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $25 238 029 222. 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 and the potential continuation of the fall. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 232.05. Where again we…
LTC/USD are trading at 41.41 and continue to move as part of the correction and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 675 739 992. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices push off from the area between the signal lines, which indicates pressure from asset 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 42.25. Where again we should expect a rebound and a continued fall…
XRP/USD are trading at 0.1744 and continue to move as part of the correction and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $7 794 107 821. 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 and the potential continuation of the fall. At the moment, we should expect an attempt to correct the digital asset and test the resistance level near the area of 0.1815. Further, the continuation of the fall of cryptocurrency to…