ETH/USD are trading at 193.58 and continue to move as part of the decline and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $21 714 027 432. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 205.05. Where again we should expect a rebound and the continuation of 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.
LTC/USD are trading at 46.77 and continue to move as part of the fall and the bearish channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $3 185 213 128. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices pushed from the area between the signal lines down, indicating 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 53.05. Where again we should expect a rebound and a continued fall…
XRP/USD are trading at 0.1990 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 974 089 347. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have gone down from the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the area of 0.2145. Further, the continuation of the fall of cryptocurrency to the area…
BCH/USD are trading at 258.93 and continue to move as part of the fall and the bearish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 897 233 590. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have gone down from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for March 10, 2020, one should expect an attempt to develop the growth of the asset value and test the resistance level near the area of 300.05. Where again…
Naturally, the evolution of technology, as well as new rules and regulations concerning the trading world may imply the existence of a highly competitive market – namely, the forex one. Given that the two mentioned aspects of trading are in continuous change and development, it goes without saying that every trader should always be ready to face the challenges – as well as the profits – of the future of forex trading. It is believed that, due to the massive growth in popularity of this particular trading, the numbers of both traders and brokers has increased to the point where…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1304 area. The pair continues to move in the framework of strong growth. Prices have left the downward channel. Moving averages indicate a downward trend in the pair. However, prices broke through the area between the signal lines up, which indicates pressure from buyers of the European currency. At the moment, we should expect an attempt to develop a downward correction and a test of the support area near the level of 1.1085. Where is the rebound expected and continued growth of the Euro/Dollar. The potential target of the…
BRENT complete the trading week near the area of 46.67 dollars per barrel. And it continues to move in the framework of a strong fall and a downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating strong pressure from sellers of raw materials. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 55.00. Then, a rebound and continued fall of oil to the area below the level of $ 31.65 per barrel. BRENT crude oil Forecast and Analysis March 9…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3034. The pair continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers and a potential upward rebound. At this, we should expect an attempt to develop a downward correction and test the support area near the level of 1.2925. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.4075. GBP/USD Forecast and Analysis March…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 68.05 Rubles per US Dollar. The pair continues to move in the framework of strong growth. Moving averages indicate a lateral trend. However, prices broke through the area between the signal lines up, which indicates a pressure from buyers of the US dollar. In the current trading week, March 9 — 13, 2020, we should expect an attempt to develop a correction and test the support area near the level of 66.45. Where can we expect a rebound and continued growth of the Dollar…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6626. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop an upward correction and test the resistance area near the level of 0.6755. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6065. A test of the resistance line on the relative strength index (RSI)…