Brent continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 28.18 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have gone far down from the area between the signal lines, indicating pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of $ 27.65 per barrel. Further, the continued growth of the oil rate in the…
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 to Canadian Dollar USD/CAD 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 Canadian Dollar is 1.4071. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the 1.4005 area. Further, the rebound and continued growth of the currency pair on Forex. The potential target of this movement of the instrument is the area above the…
GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1724 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers. 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 a target above the level of 1815. XAU/USD Forecast and GOLD analysis…
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 15.46 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and a potential drop already from current levels. At the moment, we should expect an attempt to develop a decrease in the cost of metal and a test of the support level near the area of 14.95. Where can we expect a rebound and continued growth in the price of Silver…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and were able to leave the upward channel. Moving averages indicate the presence of a short-term bullish trend for the pair. 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.5962. At the moment, we should expect an attempt to grow and test the resistance level near the…
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 0.9686. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency and the potential continuation of the rise of the currency pair. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the decline 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 74.61. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines, indicating pressure from sellers of American currency. As part of the forecast for the Dollar on April 16, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 76.05 Rubles per US Dollar. Then, the…
BTC/USD are trading at 6716 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $123 486 732 186. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices pushed from the area between the lines, indicating pressure from the sellers of Digital Gold and a potential continuation of the fall in the near future. As part of the cryptocurrency rate forecast for tomorrow, April 16, 2020, one should expect an attempt to correct the value of the digital asset and test the resistance level…
ETH/USD are trading at 154.52 and continue to move as part of the correction and the upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $17 318 723 439. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 160.05. Where again we should expect a rebound and the continuation of the…
LTC/USD are trading at 39.71 and continue to move as part of the correction and the upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 617 470 850. 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 the area of 43.45. Where again…