GOLD 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 GOLD is 1732 Dollars per Troy Oz. Moving averages indicate a short-term bearish 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 support level near the area of 1695. Where can we expect a rebound and continued growth in the price of GOLD with…
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 growth and upward channel. At the time of the publication of the forecast, the price of Silver is 17.89 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, 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 17.65. Where can we expect a rebound…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the upward channel. 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 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 0.6507. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6565. Further, within…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9406. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the fall. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9475. Then, a rebound…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall 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 68.84. Moving averages indicate a short-term bearish trend. Prices have gone far below the area between the signal lines, indicating pressure from sellers of US currency. As part of the forecast for the Dollar on June 12, 2020, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 70.05 Rubles…
BTC/USD are trading at 9781 and continue to move as part of the growth and formation of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $181 194 265 439. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the buyers of Digital Gold and the potential continuation of the rise in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, June 12, 2020, we should expect an attempt to develop a correction…
ETH/USD are trading at 243.77 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 $27 305 141 632. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices push from the area between the signal lines, which indicates pressure from buyers and the potential continuation of growth. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 239.05. Where again we should expect a…
LTC/USD are trading at 45.85 and continue to move as part of the correction and the formation of the «Triangle» model. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 023 733 501. 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 asset sellers. At the moment, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 45.05. Where again we should expect a rebound and…
XRP/USD are trading at 0.1985 and continue to move as part of the growth and formation of the Triangle model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 915 798 715. Moving averages indicate the presence of a short-term lateral trend for Ripple. 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 correct the digital asset and a test of the support level near the 0.1955 area. Further, the continued growth of cryptocurrency…
Stock index S&P 500 continue to move as part of strong growth and an upward channel. At the time of the publication of the forecast, the index is trading at 3140. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3045. Where can we expect a rebound and continued growth of S&P 500 quotes to the area above the level of 3455. S&P 500 Forecast and Analysis June 12, 2020 In favor of raising the quotes of the exchange index, a test of the support line on…