Litecoin LTC/USD ends the trading week at 43.34 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines. This indicates pressure from the sellers of the digital asset and the potential continuation of the fall in the rate of Litecoin in the current trading week. At the moment, we should expect an attempt to develop a slight bullish correction and a test of the resistance area near the level of 48.05. Where again we should expect a rebound and an attempt to…
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.
Bitcoin Cash ends the trading week at 239.63 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers and the potential continuation of the fall. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 280.55. Where again, a rebound is expected and an attempt to drop Bitcoin Cash with a…
Silver complete the trading week near the area of 16.16. Quotes continue to move in the framework of growth and the bearish channel. At the moment, we should expect an attempt to fall in the value of the asset and a test of the support level near the area of 15.25. Further, the beginning of the rise in the price of Silver with a potential target above the level of 17.65. Silver Weekly Forecast and Analysis May 18 — 22, 2020 In favor of raising quotes and Silver prices in the current trading week May 18 — 22, 2020, a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0787. As part of the Forex forecast for May 15, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0885. Further, the rebound and continued fall of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2181. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair. At the moment, we should expect an attempt to develop the correction of the British Pound exchange rate and a test of the resistance area near the level of 1.2275. Where again we should expect a rebound and a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the development of the «Triangle» model began. Moving averages indicate a short-term bearish trend. 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 forecast, the Australian Dollar to US Dollar rate is 0.6410. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6455. Further, the rebound and the continued fall of quotations in the area…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.01. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices are testing the area between the signal lines, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast for the Japanese Yen on May 15, 2020, we should expect an attempt…
Brent continue to move as part of the correction and the formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 29.91 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop the correction and test the support level near the area of 22.75 dollars per barrel. Further, the continued growth of the oil rate in…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4116. Moving averages indicate a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, which indicates pressure from buyers and the continued rise in prices in the near future. At the moment, we should expect an attempt to fall and test the support level near the area of 1.4035. Further,…
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 1717 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, 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 1705. Where can we expect a rebound and continued growth in the price of GOLD with a target above…