Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is 52.59 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. However, the area between the signal lines is being blamed, which indicates pressure from the buyers of Black Gold, however, the risks of falling are still high. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 52.05 dollars per barrel. Further, the continued growth of…
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 to Canadian Dollar USD/CAD continues to move as part of the growth and bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3348. 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 area of 1.3285. 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…
GOLD continue to move as part of strong growth. At the time of the publication of the forecast, the price of GOLD is 1636 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1615. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1705. XAU/USD Forecast and GOLD analysis March 4, 2020…
Silver continue to move as part of a strong bullish correction. At the time of the publication of the forecast, the price of Silver is 17.24 Dollars. Moving averages indicate a bearish trend. Prices have gone far below the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near the area of 17.65. Where can we expect a rebound and a continued fall in the price of Silver with a target below the level…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the 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 0.6303. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6335. Further, within the…
Currency pair Dollar Franc USD/CHF continues to move as part of a strong fall and a downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9562. Moving averages indicate a short-term bearish trend for the pair. Prices pierced down the area between the signal lines, indicating pressure from sellers of the American currency. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9655. Then, a rebound and continued depreciation of the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a strong fall and an upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.65. Moving averages indicate a short-term bullish trend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow March 4, 2020, we should expect an attempt to grow and test the resistance level near the area of 67.05 Rubles per US Dollar.…
BTC/USD are trading at 8728 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $161 676 838 775. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have gone down from the area between the lines, indicating pressure from the sellers of Digital Gold. As part of the cryptocurrency rate forecast for March 4, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the 8415 area. Where again…
ETH/USD are trading at 222.14 and continue to move as part of the correction and the bearish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $25 474 669 493. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from the sellers, however, the potential for a rebound is still there. At the moment, we should expect an attempt to drop the value of the coin and test the support level near the area of 215.05. Where…
LTC/USD are trading at 59.81 and continue to move as part of the decline and the formation of the «Wedge» model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3 947 155 074. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices have gone far from the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to lower the value of the digital asset and test the support level near the 56.55 area. Where again we should expect…