XRP/USD complete the trading week at 0.2311 and continue to move as part of the correction and the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to begin the development of the correction and test the support area near 0.2065. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3855. XRP Forecast and Analysis XRP/USD March 2 — 6, 2020 An additional signal 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.
Litecoin LTC/USD ends the trading week at 57.99 and continues to move as part of a strong correction and an upward channel. Moving averages indicate a lateral 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 53.55. Where again we should expect a rebound and an attempt to start the growth of Litecoin with a potential target above the level of 100.55. Litecoin Forecast and Analysis March 2…
Bitcoin Cash ends the trading week at 305.84 and continues to move as part of the correction after strong growth. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from coin sellers, however, the potential for upward rebound growth still persists. 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 285.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of a strong upward correction and a downward channel. Prices have reached an important area of resistance. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential drop already from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0967. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2890. Moving averages indicate a short-term bearish trend. Prices once again pushed from the area between the lines, which indicates pressure from sellers. At the moment, we should expect an attempt to increase the British Pound and test the resistance area near the level of 1.2965. Where again we should expect a rebound and a continued fall in the quotes of the British…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a minor correction and a downward channel. Moving averages indicate a short-term bearish trend. Prices have gone far down 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 0.6574. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6645. Further, the rebound and the beginning of the fall of quotations in the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction 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 109.86. 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 a potential upward rebound. As part of the forecast of the Japanese Yen exchange rate on February 28, 2020, we should expect an attempt to slightly decrease…
Brent continue to move in the framework of a strong fall and a downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 51.01 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. However, they went far down from 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 the correction and test the resistance level near the area of 52.55 dollars per barrel. Further, the continuation of the fall in the oil rate…
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 1.3366. 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 1.3265. 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 the correction after strong growth. At the time of the publication of the forecast, the price of GOLD is 1650 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1630. 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 February 28,…