BTC/USD are trading at 7844 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $142 873 154 408. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices broke through the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for tomorrow, January 8, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 7665. Where again we should expect…
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.
ETH/USD are trading at 138.77 and continue to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $15 458 159 680. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 125.45. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential…
LTC/USD are trading at 44.18 and continue to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» model. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 907 331 979. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to reduce the asset and test the support level near the area of 39.15. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 58.65.…
XRP/USD are trading at 0.2073 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 162 705 061. Moving averages indicate the presence of a short-term bearish trend for Ripple. However, prices broke through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to drop a digital asset and a test of the support level near the area of 0.1925. Further, the continued growth of cryptocurrency in the region…
BCH/USD are trading at 236.40 and continue to move as part of the growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 320 182 811. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices again push off from the area between the signal lines, indicating strong pressure from buyers. As part of the cryptocurrency rate forecast for January 8, 2020, one should expect an attempt to reduce the value of the asset and test the support level near the area of 216.45. Where again we should expect a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the reversal model «Wedge». Moving averages indicate a short-term bullish trend for the pair. Prices are located above the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1186. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1215. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Wolfe Wave» downward pattern. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3161. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3280. Where again we should expect a rebound and a continued fall in quotations of the British Pound currency pair against the US Dollar. The purpose of the downward…
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 «Wolfe Wave» bear model. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6929. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6955. Further, the rebound and the beginning of the fall of quotations in the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.36. Moving averages indicate the presence of a short-term bearish trend for the pair. As part of the Japanese Yen rate forecast for January 7, 2020, we should expect an attempt to grow and test the resistance area near the level of 108.75. Further, the rebound and continued fall of the pair USD/JPY to the area below the level of…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is 68.83 dollars per barrel. Moving averages indicate a short-term bullish trend for oil. Prices continue to push 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 65.35 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 73.25. Brent Crude Oil Forecast and…