XRP/USD end the trading week at the level of 0.2361 and continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend. Prices continue to build on signal lines, indicating bearish pressure. At the moment, we should expect an attempt to continue the continuation of the fall and test the support area near 0.1675. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3655 as part of the development of the bullish «Wolfe Wave» model. XRP Forecast…
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.
Litecoin LTC/USD ends the trading week at 50.97 and continues to move as part of strong growth, prices were able to leave the bearish channel. Moving averages indicate a bearish trend, which remains strong. Prices here also broke 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 fall and test the support area near the level of 50.55. Where again we should expect a rebound and an attempt to start the growth of Litecoin with a potential target above the level of 115.05.…
Bitcoin Cash ends the trading week at 380.82 and continues to move as part of the correction after a strong coin growth. Moving averages indicate a lateral trend. Prices have broken up the signal line area, indicating strong pressure from the bulls. 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 335.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices push away from the area between the signal lines, indicating pressure from sellers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1020. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.1065. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area below…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and formation of the «Head and Shoulders» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3026. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3095. 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 purpose of the downward…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the bearish channel. Moving averages indicate a short-term bearish trend. 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 forecast, the Australian Dollar to US Dollar rate is 0.6725. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6775. Further, the rebound and the beginning of the fall of quotations in the area below 0.6625.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.85. Moving averages indicate the presence of a short-term bullish trend for the pair. However, prices broke through the area between the signal lines down, which indicates pressure from sellers. As part of the forecast for the Japanese Yen on January 31, 2020, we should expect an attempt to reduce and test the support area near…
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 57.52 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 60.25 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 strong growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3223. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3145. Further, the rebound and continued growth of the currency pair. The potential target of such a movement of the instrument on the Forex is the…
GOLD continue to move as part of the growth and bullish channel. 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 continue to build on signal lines, indicating pressure from buyers. 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 1645. XAU/USD Forecast and GOLD analysis January 31, 2020 An…