Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the «Wedge» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.52. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast of the Japanese Yen rate on May 8, 2020,…
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.
Brent continue to move as part of the growth and formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 30.99 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of $ 24.75 per barrel. Further, the continued growth of the oil rate…
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 1.3997. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and the continued rise in prices. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3905. Further, the rebound and continued…
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 1703 Dollars per Troy Oz, as we see the bulls can not gain a foothold over the level of resistance, but there are chances for aggressive growth. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a decline and test the…
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 15.13 Dollars. Moving averages indicate a bearish 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 14.90. 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 a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers 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 0.6047. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6135.…
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 0.9764. Moving averages indicate the presence of a short-term flat 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 increase the dollar against the Franc and test the resistance area near the level of 0.9795. Then, a rebound and continued…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.75. 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 8, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 75.05 Rubles per…
BTC/USD are trading at 9452 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $176 202 372 814. Moving averages indicate the presence of a short-term bullish trend for 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 8, 2020, we should expect an attempt to correct the value of the digital asset and test the support level near the area of 9055. Where again we should expect…
ETH/USD are trading at 204.33 and continue to move as part of the growth and the formation of the inverted «Head and Shoulders» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $22 779 422 242. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of 197.75. Where again we should expect a rebound…