ETH/USD are trading at 230.44 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $25 474 669 493. 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 220.05. Where…
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 60.72 and continue to move as part of the decline and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3 947 155 074. Moving averages indicate the presence of a short-term bearish trend for 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 area of 57.75. Where again we should expect a rebound…
XRP/USD are trading at 0.2362 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 $10 464 068 206. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have gone far from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2235 area. Further, the continued growth of cryptocurrency in the region above the…
BCH/USD are trading at 333.24 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 146 050 467. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have gone far from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency forecast for March 3, 2020, one should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0964. The pair continues to move within a strong bullish correction and a downward channel. Moving averages indicate a downward trend in the pair. The pair returned to the area between the signal lines, which indicates pressure from buyers of the European currency, however, the risks of falling still remain. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.1095. Where is the rebound expected and the continuation of the fall of the Euro/Dollar.…
BRENT complete the trading week near the area of 50.13 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 a fall and test the support area near the level of 46.55. Then, the rebound and the beginning of the development of oil correction in the region above the level of 65.05 dollars per barrel. BRENT crude oil…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2834. The pair continues to move as part of the decline and the bearish channel. Moving averages indicate a bullish trend. Prices returned to the area between the signal lines, indicating pressure from buyers and a potential upward rebound. At this, we should expect an attempt to correct and test the resistance area near the level of 1.2965. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2025. GBP/USD Forecast and Analysis March 2 — 6,…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 67.28 Rubles per US Dollar. The pair continues to move in the framework of strong growth. Moving averages indicate a bearish 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 2 — 6, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 68.55. Where can we expect a rebound and the continuation of the fall of…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6497. The pair continues to move within the fall 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 0.6555. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6105. AUD/USD Forecast and Analysis March 2 — 6, 2020 A test of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3458. The pair continues to move as part of the growth of the rising channel. Moving averages indicate an uptrend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to slightly correct and test the support level near the area of 1.3305. Then, continued growth of quotations with a target above the level of 1.3925. USD/CAD Forecast and Analysis March 2 — 6, 2020 In favor of the rise…