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 0.9738. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices broke through the area between the signal lines up, which will indicate pressure from buyers. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9795. Then, a rebound and continued…
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/Russian Ruble USD/RUB continues to move as part of the correction and the bearish 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 down, which indicates pressure from sellers of American currency. As part of the forecast for the Dollar on May 7, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 75.85 Rubles per US Dollar.…
BTC/USD are trading at 9171 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $169 534 920 026. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are testing the area between the lines, indicating pressure from Digital Gold buyers. As part of the cryptocurrency rate forecast for tomorrow, May 7, 2020, one should expect an attempt to correct the value of the digital asset and test the support level near the area of 8465. Where again we should expect…
ETH/USD are trading at 206.20 and continue to move as part of the growth and the formation of the inverted «Head and Shoulders» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $23 231 746 580. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the coin and a test of the support level near the area of 195.65. Where again…
LTC/USD are trading at 46.55 and continue to move as part of the correction and the upward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $3 058 206 588. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices push from the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to fall in the value of the digital asset and a test of the support level near the 42.95 area. Where again we should expect a rebound and…
XRP/USD are trading at 0.2165 and continue to move as part of the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 742 284 456. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices pushed from the area between the signal lines, indicating pressure from asset buyers. At the moment, we should expect an attempt to correct the digital asset and test the support level near the area of 0.2075. Further, the continuation of the rise of the cryptocurrency to the area above the…
BCH/USD are trading at 248.45 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 615 187 242. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines up, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for May 7, 2020, we should expect an attempt to develop an asset value correction and a test of the support level near the 245.55 area. Where again we should…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of a bearish model «Wolfe Wave». 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 1.0838. As part of the Forex forecast for May 6, 2020, we should expect an attempt to develop a correction and test the resistance level near the 1.1005 area. Further, the rebound and continued fall of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the next «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2432. Moving averages indicate a short-term bullish 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 growth of the British Pound and test the resistance area near the level of 1.2515, where we can expect the completion…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and were able to buy the limits of the bullish channel. 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 0.6444. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6515. Further, the rebound and the continued fall of quotations in…