LTC/USD are trading at 46.63 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 $3 050 929 649. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to fall in the value of the digital asset and a test of the support level near the 44.35 area. Where again we should expect a rebound and…
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.
XRP/USD are trading at 0.2025 and continue to move as part of the correction and formation of the «Head and Shoulders» model. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $9 041 341 514. Moving averages indicate the presence of a short-term bullish 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 test the resistance level near the area of 0.2095. Further, the continuation of the fall of cryptocurrency…
BCH/USD are trading at 243.02 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 504 197 991. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and potential growth already from current levels. As part of the cryptocurrency rate forecast for May 29, 2020, we should expect an attempt to develop an asset value correction and a test of the…
Stock index S&P 500 continue to move as part of the correction and the rising channel, as we see prices are testing an important area of resistance. At the time of the publication of the forecast, the index is trading at 3050. At the moment, we should expect an attempt to develop a downward correction and test the support level near the area of 3010. Where can we expect a rebound and continued growth of S&P 500 quotes in the area above the level of 3245. S&P 500 Forecast and Analysis June 2, 2020 In favor of raising the quotes…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1112. The pair continues to move within the correction and the downward channel. Moving averages indicate a downward trend in the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1195. 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 level…
BRENT complete the trading week near the area of 35.37 dollars per barrel. And it continues to move in the framework of growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 39.95. Then, a rebound and continued fall of oil to the area below the level of $ 20.05 per barrel. BRENT crude oil Forecast and Analysis June 1 — 5,…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2346. The pair continues to move as part of the correction. Moving averages indicate a bearish trend. Prices pushed off 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 develop an upward correction and test the resistance area near the level of 1.2465. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 70.51 Rubles per US Dollar. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US dollar. In the current trading week June 1 — 5, 2020 we should expect an attempt to develop a fall and test the support area near the level of 70.05. Where can we expect a rebound and continued growth of the Dollar against the…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6636. The pair continues to move as part of a strong bullish correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential drop already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6715. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.5845. AUD/USD Forecast and Analysis June…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3775. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential upward rebound. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 1.3645. Then, continued growth of quotations with a target above the level of 1.4615. USD/CAD Forecast and Analysis June 1 — 5, 2020…