XRP/USD are trading at 0.2925 and continue to move as part of the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $12 927 440 355. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices pushed from the area between the signal lines, which indicates pressure from buyers, the growth potential is still quite strong. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2805 area. Further, the continued growth of cryptocurrency in the…
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 417.12 and continue to move as part of the correction and the bullish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $7 636 417 398. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing 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 20, 2020, we should expect an attempt to develop a downward correction of the asset value and a…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have gone far from the area between the signal lines, indicating strong pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0832. 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 Euro/Dollar currency pair. The potential target…
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 1.3036. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3105. 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 correction and formation of the inverted «Head and Shoulders» model. 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 and the potential continuation of the downward trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6683. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6665. Further, the rebound and…
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 109.69. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and potential growth from current levels. As part of the forecast for the Japanese Yen on February 19, 2020, we should expect…
Brent continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.67 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 buyers of black gold, but the potential for decline remains. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 58.25 dollars per barrel. Further, the continuation of the fall in the oil rate to…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3256. 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 this movement of the instrument is the area below…
GOLD continue to move as part of the correction and the upward channel. Here the «Triangle» pattern is formed, prices test the upper boundary of the model. Potential for its breakdown and continued rise remains. At the time of the publication of the forecast, the price of Gold is 1587 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, which indicates pressure from buyers and a likely rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 1555. Where…
Silver continue to move as part of the growth and formation of the «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.85 Dollars. Moving averages indicate a bullish trend. 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 develop a slight decrease in the cost of metal and a test of the support level near the area of 17.50. Where can we expect a rebound and continued growth in Silver prices with a target…