Stock index S&P 500 continue to move as part of a strong fall and a bearish channel. At the time of the publication of the forecast, the index is trading at 2368. At the moment, we should expect an attempt to develop an upward correction and test the resistance level near the area of 2555. Where can we expect a rebound and a continued decline in S&P 500 quotes to the area below the level of 1935. S&P 500 Forecast and Analysis March 20, 2020 A test of the resistance line on the relative strength index (RSI) will be in…
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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 Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. The bulls could not go to the development of the upward model of the «Wolfe Wave». Moving averages indicate the presence of a short-term upward trend for the pair. Prices are repelled from the region by signal lines, which indicates pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0886. As part of the Forex forecast, we should expect an attempt to develop a bullish correction and a test of the resistance…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2160. Moving averages indicate a short-term bearish trend. Prices went far 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 the growth of the British Pound and a test of the resistance area near the level of 1.1785. Where again we should expect a rebound…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. 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 0.5879. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.5935. Further, the rebound and continued fall of quotations in the area below 0.5525. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.92. Moving averages indicate a short-term bearish 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 of the Japanese Yen exchange rate on March 19, 2020, we should expect an attempt to increase slightly and test the resistance…
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 $ 26.88 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have gone down 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 growth and test the resistance level near the area of 30.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4428. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support level near the 1.4155 area. Further, the rebound and the continued rise of the currency pair on Forex. The potential target of this movement of the instrument is the area above the…
GOLD continue to move as part of the correction. At the time of the publication of the forecast, the price of Gold is 1508 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices pierced down the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 1565. Where can we expect a rebound and the continuation of the fall in the price of Gold with a target below the level of 1365. XAU/USD Forecast and GOLD analysis…
Silver continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Silver is 12.20 Dollars. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating 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 12.35. Where can we expect a rebound and the continuation of the fall in…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines, indicating strong pressure from sellers of the currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.5839. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.5935. Further, within the framework of…