XRP/USD are trading at 0.1961 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 $8 748 778 872. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices pierced the area between the signal lines down, 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 area of 0.2035. Further, the continuation of the fall of cryptocurrency to the area below 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.
BCH/USD are trading at 234.59 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 $4 288 391 651. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. As part of the cryptocurrency rate forecast for May 13, 2020, one should expect an attempt to develop an asset value correction and a test of the resistance level near the area of 253.55. Where again…
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 down, indicating pressure from sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0822. As part of the Forex forecast for May 12, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0895. Further, the rebound and continued fall of the Euro/Dollar currency…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2312. 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 and a test of the resistance area near the level of 1.2435. Where again we should expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the formation of the «Wedge» reversal pattern. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6474. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6505. Further, the rebound and continued fall of quotations to the area below 0.5975.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the development of the «Wedge» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.52. Moving averages indicate the presence of a short-term bearish 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 12, 2020, we…
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 $ 31.17 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 a correction and test the support level near the area of 23.55 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 1.3988. 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 1.3945. 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 1702 Dollars per Troy Oz, as we see the bulls are not able to 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…
Silver 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 Silver is 15.29 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…