BTC/USD are trading at 9213 and continue to move as part of the fall and the formation of the «Wedge» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $165 184 200 807. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have broken down the area between the lines, indicating pressure from digital gold sellers. As part of the cryptocurrency rate forecast for tomorrow, February 27, 2020, we should expect an attempt to lower the value of the digital asset and test the support level near the 8925 area. Where…
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.
ETH/USD are trading at 237.60 and continue to move in the framework of the lower and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $25 502 414 878. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have gone far below the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 230.05. Where again we should expect a rebound and continued…
LTC/USD are trading at 66.26 and continue to move as part of the correction and the upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $4 094 008 334. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices broke through the area between the signal lines down, which indicates pressure from the sellers, however, the potential for a rebound up still remains. At the moment, we should expect an attempt to reduce the value of the digital asset and test the support level near the area of 65.15. Where again…
XRP/USD are trading at 0.2400 and continue to move as part of a strong fall and a downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $10 395 394 475. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have gone far from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to reduce the digital asset and test the support level near the 0.2345 area. Further, the continued growth of cryptocurrency in the region above the level…
BCH/USD are trading at 329.07 and continue to move as part of the correction and the formation of the bullish «Wave Wave» pattern. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 837 674 220. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have gone far from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for February 27, 2020, we should expect an attempt to develop a decrease in the value of the asset and a test of the…
Stock index S&P 500 continue to move as part of a strong fall and a downward channel. At the time of the publication of the forecast, the index is trading at 3130. At the moment, we should expect an attempt to develop an upward correction and test the resistance level near the area of 3165. Where can we expect a rebound and a continuation of the fall of S&P 500 quotes to the area below the level of 3015. S&P 500 Forecast and Analysis February 27, 2020 A test of the resistance line on the relative strength index (RSI) will…
Apple quotes continue to move as part of a strong correction and an upward channel. Moving averages indicate a short-term bullish trend for Apple. Prices returned to the area between the signal lines, indicating pressure from stock sellers, but growth potential still exists. At the time of publication of the forecast, the value of shares is 288.25. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 275.05. Further, a rebound and continued growth in the value of securities. The potential target of this movement…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices went far from the area between the signal lines, indicating pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0860. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0915. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2972. Moving averages indicate a short-term bearish trend. Prices pushed from the area between the lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3035. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the bearish 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 0.6602. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6640. Further, the rebound and the beginning of the fall of quotations in the area below 0.6435. AUD/USD…