XRP/USD are trading at 0.2791 and continue to move as part of a strong correction and an upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 959 844 059. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices returned to the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to lower the digital asset and test the support level near the 0.2535 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3615.…
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.
BCH/USD are trading at 386.88 and continue to move as part of growth and the rising channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 838 169 938. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices broke through 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 18, 2020, we should expect an attempt to develop a downward correction of the asset value and a test…
Tesla stock continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate the presence of a short-term bullish trend for Tesla. Prices pushed from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the value of shares is 798.21. 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 750.05. Further, a rebound and continued growth in the value of securities. The potential target of…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0841. The pair continues to move within the fall and the downward channel. Moving averages indicate a downward trend in the pair. The pair again pushed off from the area between the signal lines, indicating strong pressure from sellers of European currency. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.0955. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the…
BRENT complete the trading week near the area of 57.11 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices went far from the area between the signal lines, indicating strong pressure from commodity sellers. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 59.05. Then, the rebound and the beginning of the fall of oil in the area below the level of 44.75 dollars per barrel. BRENT crude oil Forecast and Analysis February 17 —…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3024. The pair continues to move within the correction and the downward channel. Moving averages indicate a bullish trend. Prices push away from the area between the signal lines, indicating a potential upward rebound. At this, we should expect an attempt to correct and test the resistance area near the level of 1.3255. Further, the rebound and the beginning of the fall of the Poun Dollar quotes to the area below the level of 1.2145. GBP/USD Forecast and Analysis February 17 — 21, 2020 In favor of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.54 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. In the current trading week of February 17 — 21, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 64.55. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 58.25. USD/RUB Forecast and Analysis February 17 — 21, 2020 An additional signal…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6717. The pair continues to move within the fall and the downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 0.6775. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6375. AUD/USD Forecast and Analysis February 17 — 21, 2020 A…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3250. The pair continues to move as part of the growth and formation of the inverted «Head and Shoulders» model. Moving averages indicate a downward trend. Prices were able to break through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3045. Then, continued growth of quotations with a target above the level of 1.3705. USD/CAD Forecast and Analysis February 17 —…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 109.77. The pair continues to move in the framework of growth and a downward channel. Moving averages indicate a lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the US dollar. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 110.35. Then the rebound and the continuation of the fall of the pair in the area below the level of 104.65. USD/JPY Forecast…