LTC/USD are trading at 45.54 and continue to move as part of the correction and formation of the «Triangle» model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $2 952 093 609. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to fall in the value of the digital asset and a test of the support level near the 43.45 area. Where again we should expect…
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 0.2118 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 451 741 548. Moving averages indicate the presence of a short-term bullish trend for Ripple. 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 correct the digital asset and test the support level near the area of 0.2015. Further, the continuation of the cryptocurrency…
BCH/USD are trading at 243.93 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 489 770 266. 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 8, 2020, one should expect an attempt to develop an asset value correction and a test of the support level near the area of 240.05. Where again…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pierced the area between the signal lines down, indicating pressure from sellers of European currency. At the time of the publication of the forecast, the euro/dollar rate is 1.0808. As part of the Forex forecast for May 7, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0865. Further, the rebound and continued fall of the Euro/Dollar currency pair.…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2380. Moving averages indicate a short-term bullish 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 1.2415. Where again…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the decline and were able to buy the limits of the upward channel. Moving averages indicate a short-term bullish 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 0.6441. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6505. Further, the rebound and the continued fall of quotations in…
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 106.16. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast for the Japanese Yen on May 7, 2020,…
Brent continue to move as part of strong growth and the formation of an inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 30.16 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 $ 24.65 per barrel. Further, the continued growth of the oil…
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 1.4105. Moving averages indicate a short-term bullish trend for the pair. Prices have pierced the area between the signal lines up, 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 1.4010. Further, the…
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 1698 Dollars per Troy Oz, as we see the bulls are unable to gain a foothold over the level of resistance. Moving averages indicate the presence of a short-term lateral trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1670. Where can…