Litecoin LTC/USD ends the trading week at 80.92 and continues to move as part of strong growth. Moving averages indicate a bearish trend, but the lines almost crossed in favor of growth. 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 a slight correction and test the support area near the level of 62.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 130.05. Litecoin…
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 491.47 and continues to move as part of strong growth. Moving averages indicate a bullish trend. Prices have gone far from the area between the signal lines, 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 410.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 685.05 are expected. Bitcoin…
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 1.0840. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0885. 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 downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3054. 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 1.3085. 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 movement of the currency pair, in…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the 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 and a potential drop from current levels. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6722. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6745. Further, the rebound and the beginning of the fall…
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 109.77. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines up, which indicates pressure from buyers and potential growth from current levels. As part of the forecast of the Japanese Yen exchange rate on February 14, 2020,…
Brent continue to move as part of the correction and the formation of the Triangle model. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.32 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices pierced the area between the signal lines up, indicating pressure from buyers of black gold. At the moment, we should expect an attempt to develop a decline and a test of the support level near the area of 54.55 dollars per barrel. Further, the continued growth of the oil rate in the region above…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 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 1.3310. 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. At the time of the publication of the forecast, the price of GOLD is 1575 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing 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 1550. Where can we expect a rebound and continued growth…
Silver continue to move as part of the decline and the formation of the «Wedge» model. At the time of the publication of the forecast, the price of Silver is $ 17.62. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a slight decrease in the cost of the metal and a test of the support level near the 17.35 area. Where can we expect a rebound and continued growth in Silver prices with a target above the level…