Litecoin LTC/USD ends the trading week at 71.27 and continues to move as part of the growth and bullish channel. Moving averages indicate a bearish trend, but the lines almost crossed in favor of growth, so soon we should expect confirmation of the development of an upward trend. Prices pierced 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 53.05. Where again we should expect a rebound and an attempt to…
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 378.20 and continues to move as part of the correction after strong growth. Moving averages indicate a bullish trend. Prices go to test the area between the signal lines, which indicates pressure from the sellers of the coin, but the growth potential is still there. 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 335.05. Where again, a rebound is expected and an attempt to grow…
Silver complete the trading week near the area of 18.54. Quotes continue to move in the framework of growth and the rising channel. At the moment, we should expect an attempt to fall and test the support level near the area of 17.65. Further, the beginning of the growth in the price of Silver with a potential target above the level of 20.45. Silver Weekly Forecast and Analysis February 24 — 28, 2020 In favor of the growth of quotations and prices for Silver in the current trading week February 24 — 28, 2020, a test of the support line…
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 went far from the area between the signal lines, indicating pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0813. As part of the FOREX forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0895. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2872. Moving averages indicate a short-term bearish trend. Prices pushed from the area between the lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the British Pound and test the resistance area near the level of 1.2945. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the beginning of the development of the «Triangle» model. Moving averages indicate a short-term bearish trend. Prices 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 forecast, the Australian Dollar to US Dollar rate is 0.6626. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6655. Further, the rebound and the beginning of the fall of quotations…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of strong growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 111.97. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from buyers. As part of the forecast for the Japanese Yen on February 21, 2020, we should expect an attempt to slightly decrease and test the support area near the level…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 59.09 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices push from the area between the signal lines, which indicates pressure from buyers of black gold. At the moment, we should expect an attempt to develop a decline and test the support level near the region of 57.15 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 64.75. Brent Crude Oil Forecast…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3248. 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 1.3270. 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 the level of 1.3065.…
GOLD continue to move as part of strong growth and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the price of GOLD is 1609 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1585. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1695.…