Currency pair Dollar Franc USD/CHF continues to move as part of the correction and 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 0.9691. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which will indicate pressure from buyers. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9625. Then, a rebound and continued appreciation of the US…
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.
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.69. 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 19, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 73.55 Rubles…
BTC/USD are trading at 9709 and continue to move as part of the correction and the formation of the «Double Top» reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $178 152 362 889. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices pushed from the area between the lines up, indicating pressure from the buyers of Digital Gold. As part of the cryptocurrency rate forecast for May 19, 2020, we should expect an attempt to continue the growth of the digital asset value and a test of the resistance…
ETH/USD are trading at 211.30 and continue to move as part of strong growth and an upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $23 541 155 172. 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 correct the value of the coin and test the support level near the area of 205.05. Where again we should expect a rebound and continued growth of…
LTC/USD are trading at 45.14 and continue to move as part of the correction and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 927 740 846. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices have broken through 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 digital asset and test the resistance level near the area of 47.25. Where again we should expect a rebound and a continued fall…
XRP/USD are trading at 0.2029 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 020 091 755. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to correct the digital asset and test the resistance level near the 0.2165 area. Further, the continuation of the fall of cryptocurrency to the area below the level…
BCH/USD are trading at 246.08 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 523 800 384. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. As part of the cryptocurrency rate forecast for May 19, 2020, we should expect an attempt to develop an asset value correction and a test of the resistance level near the area of…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0800. The pair continues to move as part of the decline and the downward channel. Moving averages indicate a downward trend in the pair. Prices pushed from the area between the signal lines, indicating pressure from sellers of European currency. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.0955. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the area below the…
BRENT complete the trading week near the area of $ 31.69 per barrel. And it continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are located far from the area between the signal lines, which indicates strong pressure from sellers of raw materials. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 19.05. Then, a rebound and continued growth of oil in the region above the level of 46.55 dollars per barrel. BRENT crude oil Forecast and May 18 — 22, 2020…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2170. The pair continues to move as part of the fall. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the depreciation of the British Pound against the US Dollar. At this, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 1.2655. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below…