BTC/USD are trading at 8805 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $163 436 688 444. Moving averages indicate the presence of a short-term bullish trend in Bitcoin. Prices are testing the area between the lines, indicating pressure from Digital Gold buyers. As part of the cryptocurrency rate forecast for tomorrow, May 6, 2020, one should expect an attempt to correct the value of the digital asset and test the support level near the area of 8645. 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.
ETH/USD are trading at 203.33 and continue to move as part of the growth and the formation of the inverted «Head and Shoulders» model. The Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $22 785 404 997. 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 193.05. Where again we should expect a…
LTC/USD are trading at 46.44 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 031 653 071. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices push from 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 digital asset and a test of the support level near the area of 43.65. Where again we should expect a rebound and continued growth of…
XRP/USD are trading at 0.2143 and continue to move as part of the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 617 818 889. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices pushed from the area between the signal lines, indicating pressure from asset buyers. At the moment, we should expect an attempt to correct the digital asset and test the support level near the area of 0.2055. Further, the continuation of the cryptocurrency rise to the area above the level of…
BCH/USD are trading at 246.64 and continue to move as part of the correction and the formation of the «Wedge» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 501 544 478. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines down, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for May 6, 2020, one should expect an attempt to continue the development of the asset value correction and test the support level near the area of…
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 pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0951. As part of the Forex forecast for May 5, 2020, we should expect an attempt to develop a correction and test the support level near the area of 1.0775. Further, the rebound and continued growth of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the next «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2440. 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 growth of the British Pound and test the resistance area near the level of 1.2520, where we can expect the completion…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and were able to buy the limits of the rising channel. 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 time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6418. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6565. Further, the rebound and the continued fall of quotations…
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 106.76. 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 5, 2020,…
Brent continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 26.85 per barrel. Moving averages indicate a short-term lateral oil trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of «Black Gold». At the moment, we should expect an attempt to develop a fall and test the support level near the area of 25.35 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 37.05. Brent…