LTC/USD are trading at 61.43 and continue to move as part of the fall and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $4 022 754 234. Moving averages indicate the presence of a short-term bearish trend in Litecoin. Prices have gone far from the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to increase the value of the digital asset and test the resistance level near the area of 68.45. Where again we should expect a rebound and a continued…
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 0.2367 and continue to move as part of a strong fall and a downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $10 571 218 974. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have gone far from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to grow a digital asset and a test of the resistance level near the 0.2515 area. Further, the continuation of the fall of cryptocurrency to the…
BCH/USD are trading at 323.66 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 962 207 801. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have gone far from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for February 28, 2020, we should expect an attempt to develop the growth of the asset value and test the resistance level near the 360.05 area. Where again we…
Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the European currency and a potential drop already from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0860. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0915. Further, the rebound and continued fall of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2925. 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 a test of the resistance area near the level of 1.2955. Where again we should expect a rebound and a continued fall in the quotes of the British Pound…
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 0.6568. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6585. Further, the rebound and the beginning of the fall of quotations in the area below 0.6435. AUD/USD…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 Japanese Yen is 110.51. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices push away from the area between the signal lines, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on February 27, 2020, we should expect an attempt to slightly decrease and test the support area near…
Brent continue to move in the framework of a strong fall. At the time of the publication of the forecast, the price of Brent crude oil is 55.71 dollars per barrel. Moving averages indicate a short-term bearish 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 56.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 48.85.…
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 1.3290. 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 1.3245. 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…
GOLD continue to move as part of the correction after strong growth. At the time of the publication of the forecast, the price of GOLD is 1644 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 1620. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1735. XAU/USD Forecast and GOLD analysis February 27,…