Bitcoin BTC/USD are trading at 11730 and continue to move as part of the growth and bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $208 929 551 234. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, August 7, 2019, we should expect an attempt to decrease and test the support level near the area of 10565. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 14300.…
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.
Ethereum ETH/USD are trading at 226.75 and continue to move as part of the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $ 24,546,834,801. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to fall and test the support level near the area of 215.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.00. Ethereum Forecast and ETHUSD Analysis August 7, 2019 An additional signal in favor of the growth…
Litecoin LTC/USD are trading at 94.05 and continue to move as part of the growth and formation of the «Triangle» model, which indicates the presence of uncertainty. Cryptocurrency capitalization at the time of the publication of the forecast is $5 988 864 040. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 88.00. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 125.00. Litecoin Forecast…
Ripple XRP/USD are trading at 0.3128 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $13 512 628 528. Moving averages indicate the presence of a short-term downward trend for Ripple. At the moment, we should expect an attempt to raise the digital asset rate and test the resistance level near the 0.3175 area. Further, the continued fall of the cryptocurrency into the region below the level of 0.2380 as part of the development of the «Triangle» model. Ripple Forecast and…
Bitcoin Cash BCH/USD are trading at 341.89 and continue to move as part of the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $6 099 879 026. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for August 7, 2019, one should expect an attempt to continue to decline and test the support level near the area of 315.00. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 480.00.…
Stock index Dow Jones continue to move as part of a strong fall. At the time of the publication of the forecast, the index is trading at 25803. Moving averages indicate the presence of a bullish trend. At the moment, we should expect an attempt to increase the index quotes and test the resistance level near the area of 26125. Where is the rebound expected and the continuation of the fall of the Dow Jones stock index quotes in the region below the level of 24065. Dow Jones Index Forecast and Analysis August 7, 2019 In favor of reducing the…
Currency pair Euro/Dollar EURUSD continues to move as part of the correction. Moving averages indicate the presence of a short-term bearish trend for the pair. At the time of the publication of the forecast, the euro/dollar rate is 1.1150. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1085. Further, the rebound and the beginning of the rise of the Euro/Dollar currency pair. The potential target of this movement is the area above the level of 1.1315. EUR/USD Forecast Euro Dollar August 6, 2019 In favor of the growth of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2133. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to correct the course and test the resistance area near the level of 1.2280. Where again we should expect a rebound and the continued fall of the British Pound against the US Dollar. The target of the downward movement of the currency pair, in the framework of the Forex forecast…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6763. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6825. Further, a rebound from the resistance level and continued decline in quotations to the area below 0.6650. AUD/USD Forecast Australian Dollar August 6, 2019 In favor of reducing the pair AUD/USD, a test of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong fall and a bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.15. Moving averages indicate the presence of a short-term downtrend for the pair. As part of the forecast for the Japanese yen on August 6, 2019, we should expect an attempt to grow and test the resistance area near the level of 106.90. Further, the rebound and continued fall of the pair USD/JPY to the…