Brent continue to move as part of the correction and the formation of the bullish «Wolfe Wave» model. At the time of the publication of the forecast, the price of Brent crude oil is 51.76 dollars 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 the sellers of Black Gold. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 48.05 dollars per barrel. Further, the continued growth of the oil rate 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.
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 1.3415. 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 1.3305. 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 growth. At the time of the publication of the forecast, the price of GOLD is 1639 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates 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 1705. XAU/USD Forecast and GOLD analysis March 5, 2020 An…
Silver continue to move as part of a strong upward correction. At the time of the publication of the forecast, the price of Silver is 17.24 Dollars. Moving averages indicate a bearish trend. Prices have gone far below the area between the signal lines, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near the area of 17.65. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices again 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6278. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6315. Further, within the framework…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9555. Moving averages indicate a short-term bearish trend for the pair. Prices pierced down the area between the signal lines, indicating pressure from sellers of the American currency. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9660. Then, a rebound and continued depreciation of the US…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 66.30. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow March 5, 2020, we should expect an attempt to lower and test the support level near the area of 65.45 Rubles per US Dollar. Then, a rebound and…
BTC/USD are trading at 8701 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $159 286 845 129. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have gone down from the area between the lines, indicating pressure from the sellers of Digital Gold. As part of the cryptocurrency rate forecast for tomorrow, March 5, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 8465.…
ETH/USD are trading at 219.89 and continue to move as part of the correction and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $24 554 329 416. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from the sellers, however, the potential for a rebound is still there. At the moment, we should expect an attempt to drop the value of the coin and test the support level near the area of 210.05. Where again we should…
LTC/USD are trading at 58.54 and continue to move as part of the decline and the formation of the «Wedge» model. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 829 243 505. 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 reduce the value of the digital asset and test the support level near the 51.65 area. Where again we should expect a rebound and…