Litecoin LTC/USD closes the trading week at 39.53 and continues to move as part of the correction and the formation of the bullish Wave Wave pattern. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down. 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 21.55. 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 224.35 and continues to move as part of a bullish correction. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from the sellers of the coin. 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 125.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 420.05 are expected.…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1010. As part of the Forex forecast, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 1.1045. Further, the rebound and continued fall of the Euro/Dollar currency pair. The…
Currency pair Pound/Dollar GBP/USD continues to move as part of a strong upward correction and a downward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2129. Moving averages indicate a short-term bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to develop a bullish correction of the British Pound and a test of the resistance area near the level of 1.2365.…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Wedge» reversal pattern. Moving averages indicate a short-term bearish trend. Prices pushed from the area between the signal lines, indicating 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 0.6049. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6105. Further, the rebound and the continued fall of quotations in the area below…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.55. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices push from the area between the signal lines up, which indicates pressure from buyers of the US Dollar. As part of the Japanese Yen rate forecast for March 27, 2020, we should expect an attempt to slightly fall and test the…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 29.31 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices pushed from the area between the signal lines, indicating pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 32.35 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4057. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.4235. 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…
GOLD continue to move as part of the growth. At the time of the publication of the forecast, the price of Gold is 1625 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push away from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 1565. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1745. XAU/USD Forecast and GOLD analysis March…
Silver continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Silver is $ 14.40. 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 correction in the value of the metal and a test of the resistance level near the area of 14.05. Where can we expect a rebound and the continuation of the fall…