Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction 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 74.81. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, which indicates pressure from sellers of the American currency and continued depreciation. As part of the forecast for the Dollar on April 24, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 75.55…
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.
BTC/USD are trading at 7555 and continue to move as part of strong growth and the formation of the «Wedge» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $131 889 844 025. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold. As part of the cryptocurrency rate forecast for April 24, 2020, we should expect an attempt to correct the value of the digital asset and test the resistance level near the area…
ETH/USD are trading at 179.44 and continue to move as part of the correction and the formation of the «Wedge» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $20 489 457 366. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 193.05. Where again we should expect a rebound and the continuation of…
LTC/USD are trading at 40.67 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 $2 723 105 086. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential continuation of the fall already from current levels. At the moment, we should expect an attempt to increase the value of the digital asset and test the resistance level near 42.05. Where again…
XRP/USD are trading at 0.1934 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 490 142 082. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have pierced the area between the signal lines up, which indicates pressure from buyers of the asset. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the area of 0.2055. Further, the continuation of the fall of cryptocurrency to…
BCH/USD are trading at 241.64 and continue to move as part of the correction and formation of the «Head and Shoulders» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 289 099 780. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from sellers. As part of the cryptocurrency rate forecast for April 24, 2020, one should expect an attempt to continue the development of a bullish correction of the asset value and test the resistance level…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bearish trend for the pair. Prices push from the area between the signal lines down, which indicates pressure from sellers of the European currency. At the time of the publication of the forecast, the euro/dollar rate is 1.0805. As part of the Forex forecast for April 23, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0835. Further, the rebound and continued fall of the Euro/Dollar…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation 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 1.2306. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, indicating pressure from sellers. At the moment, we should expect an attempt to develop the growth of the British Pound and a test of the resistance area near the level of 1.2440. Where again we should expect a rebound and a continued fall…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, 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 0.6314. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6355. Further, the rebound and continued fall of quotations to the area below 0.5865. AUD/USD Forecast Australian…
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 «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.73. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the US Dollar. As part of the forecast for the Japanese Yen on April 23, 2020, we should expect an attempt to develop a…