ETH/USD are trading at 230.27 and continue to move as part of the correction and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $25 590 391 792. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from the sellers, however, the potential for a rebound top is still there. At the moment, we should expect an attempt to drop the value of the coin and test the support level near the area of 220.05. Where again we…
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.
LTC/USD are trading at 61.89 and continue to move as part of the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4 032 435 447. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines down, which indicates pressure from sellers and a probable fall already from current levels. 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 58.05. Where…
XRP/USD are trading at 0.2380 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $10 608 768 200. Moving averages indicate the presence of a short-term lateral trend for Ripple. Prices have pierced the area between the signal lines up, which indicates pressure from buyers of the asset. At the moment, we should expect an attempt to reduce the digital asset and test the support level near the 0.2295 area. Further, the continued growth of cryptocurrency in…
BCH/USD are trading at 338.80 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 250 023 759. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices have gone up from the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for March 6, 2020, one should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the head and shoulders reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices push from the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1131. As part of the Forex forecast, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 1.1185. Further, the rebound and continued…
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 1.2815. Moving averages indicate a short-term bearish trend. Prices are testing the area between the lines, which indicates pressure from sellers. At the moment, we should expect an attempt to develop the correction of the British Pound exchange rate and a test of the resistance area near the level of 1.2885. Where again we should expect a rebound and a continued fall in the quotes of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates 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 0.6609. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6575. Further, the rebound and the beginning of the growth of quotations in the area above 0.6805. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong fall. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.47. Moving averages indicate a short-term bearish trend for the pair. Prices remain below the area between the signal lines, indicating pressure from sellers of the US Dollar. As part of the forecast for the Japanese yen on March 5, 2020, we should expect an attempt to increase slightly and test the resistance area near the level of 108.35.…
Brent continue to move as part of the correction and the formation of the bullish «Wolfe Wave» model. At the time of the publication of the forecast, the price of Brent crude oil is 51.76 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 the sellers of Black Gold. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 48.05 dollars per barrel. Further, the continued growth of the oil rate in the…
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 1.3415. 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 1.3305. 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…