Brent continue to move as part of a bullish correction and a downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 57.26 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of black gold, but the potential for decline remains. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 58.65 dollars per barrel. Further, the continuation of the fall in the oil rate…
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 correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3230. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3265. Further, the rebound and continued fall of the currency pair on Forex. The potential target of this movement of the instrument is the area below…
GOLD continue to move as part of the correction and the upward channel. Here the «Triangle» pattern is formed, prices test the upper boundary of the model. At the time of the publication of the forecast, the price of GOLD is 1580 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a likely rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 1550. Where can we expect a rebound and continued growth…
Silver continue to move as part of the decline and the formation of the «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.77 Dollars. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a slight decrease in the cost of the metal and a test of the support level near the area of 17.55. Where can we expect a rebound and continued growth in the price of Silver with a target…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the decline and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices push from 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 0.6433. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6405. Further, within the framework…
Currency pair Dollar Franc USD/CHF continues to move as part of a strong bullish correction 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 0.9815. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers 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 0.9825. Then, a rebound…
Currency pair US Dollar/Russian Ruble USD/RUB continues 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 Russian Ruble is 63.24. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow February 18, 2020, we should expect an attempt to grow and test the resistance level near the area of 63.65 Rubles per US Dollar. Then, the rebound…
BTC/USD are trading at 9795 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $176 171 413 067. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices returned to the area between the lines, indicating pressure from digital gold sellers. As part of the cryptocurrency rate forecast for tomorrow, February 18, 2020, one should expect an attempt to lower the value of the digital asset and test the support level near the area of 9425. Where again we should expect…
ETH/USD are trading at 248.77 and continue to move as part of the correction and the upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $26 998 202 274. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 225.55. Where again we should expect a rebound and continued growth of the Ethereum rate with…
LTC/USD are trading at 70.71 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 $4 453 059 299. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices fell into the area between the signal lines, indicating pressure from the bears, but growth risks still persist. 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 68.05. Where again we should expect a rebound and…