Litecoin LTC/USD ends the trading week at 41.40 and continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines. This indicates pressure from sellers of the digital asset. At the moment, we should expect an attempt to develop a slight correction and test the support area near the level of 20.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 85.05. Litecoin Forecast and Analysis…
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 231.69 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 95.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of 365.05. Bitcoin Cash Forecast and…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and formation of the «Triangle» model. Moving averages indicate 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 1.0941. As part of the FOREX forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 1.0875. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2475. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to continue the development of the depreciation of the British Pound and test the support area near the level of 1.2395. Where again we should expect a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and bullish channel. Moving averages indicate a short-term bullish trend. Prices pushed from 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 0.6326. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6165. Further, the rebound and continued growth of quotations to the area above 0.6695. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY 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 exchange rate of the US Dollar to the Japanese Yen is 109.08. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have pierced the area between the signal lines up, indicating pressure from buyers of the US Dollar. As part of the forecast for the Japanese Yen on April 10, 2020, we should expect an attempt…
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 $ 32.19 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 downward correction and a test of the support level near the area of 29.05 dollars per barrel. Further, the continued growth of the oil rate in the region above…
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 1.3968. Moving averages indicate a short-term bearish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.4065. Further, the rebound and continued fall of the currency pair on FOREX. The potential target of this movement of the instrument is the area below the level of…
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 1682 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 1655. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1785. 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 15.34 Dollars. Moving averages indicate a bearish 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 15.05. Where can we expect a rebound and continued growth in Silver prices with a…