LTC/USD are trading at 73.64 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 $4 780 668 939. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers, but the potential for a rebound up is still high. 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 67.05. 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.
XRP/USD are trading at 0.2630 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 645 228 174. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from sellers, but the growth potential is still quite strong. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2615 area. Further, the continued growth…
BCH/USD are trading at 370.15 and continue to move as part of the correction and the upward channel. An inverted «Head and Shoulders» model is also formed here. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 782 543 101. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from the sellers, however, the potential for upward rebound is still there. As part of the cryptocurrency rate forecast for February 26, 2020, we should expect an attempt to…
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 1.0814. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0890. 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 bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2943. 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 test the resistance area near the level of 1.2995. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US…
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 0.6590. 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 area below 0.6485. AUD/USD…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction after strong growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 111.51. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices continue to remain above the area between the signal lines, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on February 25, 2020, we should expect an attempt to slightly decrease and test…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.25 per barrel. Moving averages indicate a short-term bullish trend for oil. However, prices broke through the area between the signal lines down, indicating pressure from sellers of black gold. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 57.65 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 50.65. Brent Crude…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the beginning of the development of the «Wedge» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3283. 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 1.3240. Further, the rebound and the continued rise of the currency pair on Forex. The potential target of this movement…
GOLD continue to move within a strong and rising channel. At the time of the publication of the forecast, the price of GOLD is 1670 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 1645. 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 25, 2020 An…