XRP/USD are trading at 0.2768 and continue to move as part of the growth and bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 137 764 069. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices again pushed from the area between the signal lines, which indicates strong pressure from buyers and the potential continuation of the rise in cryptocurrency prices. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2605 area. Further,…
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 437.06 and continue to move as part of the growth and bullish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $7 831 107 580. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices push away from the area between the signal lines, which indicates pressure from buyers and a potential upward rebound. As part of the cryptocurrency rate forecast for February 7, 2020, we should expect an attempt to develop a downward correction of the asset value and a test of the support level…
Tesla stock continue to move as part of a strong downward correction correction after strong growth. Moving averages indicate the presence of a short-term bullish trend for Tesla. Prices have gone far up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the value of shares is 734.33. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 705.05. Further, a rebound and continued growth in the value of securities. The potential…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bearish 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 sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1018. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.1045. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall 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 1.3058. 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 1.3115. 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 bearish movement of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the bearish 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. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6757. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6805. Further, the rebound and the beginning of the fall of quotations in the area below 0.6595.…
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 109.56. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on February 6, 2020, we should expect an attempt to grow and test…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 55.52 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again pushing from the area between the signal lines, which indicates pressure from sellers of black gold. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 57.55 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and 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 Canadian Dollar is 1.3275. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to increase slightly 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 such a movement…
GOLD continue to move as part of a strong downward correction and a bullish channel. At the time of the publication of the forecast, the price of GOLD is 1554 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices returned to the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to fall and test the support level near the area of 1540. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1625. XAU/USD Forecast and GOLD…