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 $ 29.86 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 24.05 dollars per barrel. Further, the continued growth of the oil rate in…
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 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 1.4002. Moving averages indicate a short-term bullish trend for the pair. Prices are testing 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 1.3935. 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 1706 Dollars per Troy Oz, as we see the bulls can not gain a foothold over the level of resistance, but there are chances for aggressive growth. Moving averages indicate a short-term bullish trend. 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 develop a decline and test the support level near…
Silver continue to move as part of the growth and the development of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 15.55 Dollars. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up, which indicates pressure from the buyers of the asset and the potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop a downward correction of the metal value and a test of the support level near the area of 15.25. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the Triangle model. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers 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 0.6104. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6155. Further, within…
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 0.9673. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines down, which will indicate pressure from sellers. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9605. Then, a rebound and continued appreciation of the…
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 73.08. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from sellers of American currency. As part of the forecast for the Dollar on May 13, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 73.95 Rubles per US Dollar.…
BTC/USD are trading at 8870 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $163 367 320 584. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the sellers of Digital Gold. As part of the cryptocurrency rate forecast for tomorrow, May 13, 2020, one 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 190.06 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $21 140 617 604. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to correct the value of the coin and test the resistance level near the area of 196.55. Where again we should expect a rebound and the continuation…
LTC/USD are trading at 42.25 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 $2 746 036 652. 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. 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 44.55. Where again we should expect a rebound and a continued fall in the…