BCH/USD are trading at 248.67 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 $4 657 462 032. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for May 1, 2020, one should expect an attempt to continue the development of the asset value correction and test the support level near the area of 235.05. Where again…
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.
Cryptocurrency caught the interest of many people because of its decentralized blockchain technology. This means that the system operates without being managed or controlled by a single entity, which gives it the benefits of minimal fees, transparency, and anonymity. Some cryptocurrencies even take privacy a step further for consumers. With other cryptos, transactions can still be traced through the user’s public keys, which is valuable for spotting fraud and money laundering schemes. However, on the other side of the coin, people living in authoritarian regimes may need a digital asset that’s untraceable so they won’t get in trouble with their…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the European currency and the potential continuation of the fall of EUR/USD. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0865. As part of the Forex forecast for April 30, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0905. Further,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2443. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers. 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 1.2520, where we can expect the completion of the formation…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6655. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6485. Further, the rebound and continued fall of quotations in the area below 0.5975. 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 reversal model of the inverted «Head and Shoulders». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.55. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast of the Japanese Yen rate on…
Brent continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 24.27 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 fall and test the support level near the area of 19.05 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.3916. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and the potential continuation of the growth of the US Dollar against the Canadian Dollar from current levels. At the moment, we should expect an…
GOLD continue to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1703 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1700. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1795. XAU/USD Forecast and…
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 15.19 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the side of the asset buyers and the potential continuation of the rise already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the area of 15.05. Where can we expect a rebound…