Litecoin LTC/USD ends the trading week at 72.66 and continues to move as part of strong growth. Moving averages indicate a bearish trend, which remains strong. However, prices have already broken through the area between the signal lines up. This indicates pressure from buyers of the digital asset. At the moment, we should expect an attempt to develop correction and test the support area near the level of 55.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above 110.05. Litecoin Forecast and Analysis February 10 — 14, 2020 An additional…
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.
Bitcoin Cash ends the trading week at 434.31 and continues to move as part of strong growth. Moving averages indicate a bullish trend, as we see, prices have only crossed. Prices have broken up the signal line area, indicating strong pressure from coin buyers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 355.05. Where again, a rebound and an attempt to grow Bitcoin Cash is expected with a potential target above the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices again pushed 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 1.0996. As part of the FOREX forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.1035. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2954. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to correct the British Pound and test the resistance area near the level of 1.3005. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US Dollar. The target of the downward…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish correction and the downward channel. 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 0.6757. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6765. Further, the rebound and the beginning of the fall of quotations in the area below…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.88. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on February 7, 2020, we should expect an attempt to grow and test…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 55.52 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again pushing from the area between the signal lines, which indicates pressure from sellers of black gold. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 58.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a minor correction and the formation of a «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3281. 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 1.3315. Further, the rebound and continued fall of the currency pair on FOREX. The potential target of such a…
GOLD continue to move as part of a downward correction and a bullish channel. At the time of the publication of the forecast, the price of GOLD is 1565 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices returned to the area between the signal lines, indicating pressure from buyers and a likely rebound. At the moment, we should expect an attempt to fall and test the support level near the area of 1545. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1630. XAU/USD…
Silver continue to move as part of the correction and the formation of the next «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.76 Dollars. Moving averages indicate a bullish trend. Prices push from the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a slight decrease in the cost of metal and a test of the support level near the area of 17.25. Where can we expect a rebound and continued growth in Silver prices with…