Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3726. Moving averages indicate a short-term bullish trend for the pair. Prices have gone far up from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the growth of the US Dollar against the Canadian Dollar from current levels. At the moment, we should expect an attempt to fall 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.
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 1708 Dollars per Troy Oz, as we see the bulls are unable to gain a foothold over the level of resistance. Moving averages indicate a short-term bullish trend. Prices start from the area between the signal lines, which indicates pressure from buyers and potential growth already from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the area of…
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 14.79 Dollars. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a bullish correction of the metal value and a test of the resistance level near the area of 15.25. Where can we expect a rebound and a continued fall in the price of Silver with a target below…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the «Head and Shoulders» model. Moving averages indicate a short-term bullish trend for the pair. 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6031. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6085.…
Currency pair Dollar Franc USD/CHF continues to move as part of the decline and the 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 0.9656. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices broke through the area between the signal lines down, which will indicate the pressure on the side of the sellers. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of…
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 74.41. Moving averages indicate a short-term bearish 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 May 5, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 75.35 Rubles per US…
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 $162 699 157 139. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have gone far up from the area between the lines, indicating pressure from Digital Gold buyers. As part of the cryptocurrency rate forecast for tomorrow, May 5, 2020, one should expect an attempt to correct the value of the digital asset and test the support level near the area of 7955. Where again…
ETH/USD are trading at 201.81 and continue to move as part of the growth and upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $22 795 257 101. 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 195.05. Where again we should expect a rebound and the continuation of…
LTC/USD are trading at 46.03 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 $3 049 982 108. 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 42.75 area. Where again we should expect a rebound and continued growth of the…
XRP/USD are trading at 0.2135 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 $9 614 888 953. 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 0.2025. Further, the continuation of the cryptocurrency rise to the area above the level of…