GOLD continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Gold is 1702 Dollars per Troy Oz, as we see the bulls are not able to gain a foothold over the level of resistance, but there are chances for aggressive growth. 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…
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.
Silver continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 15.29 Dollars. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up, 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 downward correction of the metal value and a test of the support level near the area of 15.25. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices are testing 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 the US Dollar is 0.6075. At the moment, we should expect an attempt to grow and test the resistance level near the area…
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 0.9720. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines up, 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 0.9595. Then, a rebound and continued appreciation of the…
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 73.36. 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 12, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 74.15 Rubles per…
BTC/USD are trading at 9043 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 $163 917 095 402. Moving averages indicate the presence of a short-term bullish trend in Bitcoin. Prices pushed from the area between the lines, indicating pressure from Digital Gold buyers. As part of the cryptocurrency rate forecast for tomorrow, May 12, 2020, we should expect an attempt to correct the value of the digital asset and test the support level near the area of 7855. Where again we should…
ETH/USD are trading at 188.81 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 $20 934 558 477. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices pushed from the area between the signal lines down, indicating pressure from sellers. At the moment, we should expect an attempt to correct the value of the coin and a test of the resistance level near the area of 195.65. Where again we should expect a rebound and the…
LTC/USD are trading at 42.21 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 $2 728 298 414. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices have pierced the area between the signal lines down, bearish 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 44.05. Where again we should expect a rebound and a continued fall in…
XRP/USD are trading at 0.1957 and continue to move as part of the correction and the beginning of the development of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 8 693 279 121. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices pierced the area between the signal lines down, 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 0.2095. Further, the continuation of the fall…
BCH/USD are trading at 234.77 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 282 205 480. Moving averages indicate the presence of a short-term sideways trend in Bitcoin Cash. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. As part of the cryptocurrency rate forecast for May 12, 2020, we should expect an attempt to develop an asset value correction and a test of the support level near the 225.05 area.…