Ripple XRP/USD are trading at 0.3183 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 $14 141 454 974. 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 0.3205 area. Further, the continued fall of the cryptocurrency into the region below the level of 0.2360 as part of the start of the development of the «Triangle» model.…
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 BCH/USD are trading at 346.80 and continue to move as part of the growth. The cryptocurrency capitalization at the time of the publication of the forecast is $6 274 022 271. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for August 6, 2019, one should expect an attempt to continue to decline and test the support level near the area of 310.00. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of…
Stock index Dow Jones continue to move as part of the decline. At the time of the publication of the forecast, the index is trading at 26163. Moving averages indicate the presence of a bullish trend. At the moment, we should expect an attempt to raise the index quotes and test the resistance level near the area of 26560. From where the rebound is expected and the quotes of the Dow Jones exchange index to continue to fall below 25285. Dow Jones Index Forecast and Analysis August 6, 2019 In favor of reducing the quotes of the exchange index on…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1100. The pair continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1185. Where is the rebound expected and the continuation of the fall of the euro dollar. A potential reduction target is the area below the level of 1.0655. EUR/USD Forecast and Analysis August 5 — 9, 2019 In favor of the fall of the EUR/USD currency pair…
BRENT complete the trading week near the area of 62.20 dollars per barrel. And it continues to move as part of the correction. Moving averages indicate a downward trend. At the moment, we should expect an attempt to continue the rise and test the resistance area near the level of 63.45. Then the continuation of the fall in oil to the area below the level of 48.45 dollars per barrel. BRENT oil Forecast and Analysis August 5 — 9, 2019 An additional signal in favor of reducing oil quotes this week will be a test of the resistance line on…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2120. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. At this, we should expect an attempt to develop an upward correction and test the resistance area near the level of 1.2445. Further, the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.1745. GBP/USD Forecast and Analysis August 5 — 9, 2019 In favor of the fall of the British Pound, a test of the downward resistance line on the relative…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.23 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. In the current trading week, August 5 — 9, 2019, we should expect a decrease and a test of the support area near the level of 63.55. Where can we expect a rebound and continued growth of the dollar above the level of 69.90. USD/RUB Forecast and Analysis August 5 — 9, 2019 In favor of raising the Dollar/Ruble pair, the…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6789. The pair continues to move within the upward correction and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to continue the development of the correction and test the resistance area near the level of 0.6945. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6405. AUD/USD Forecast and Analysis August 5 — 9, 2019 In favor of the fall of the pair on Forex, a test of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3221. The pair continues to move within the correction and the bullish channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3145. Then continued growth of quotations with a target above the level of 1.3725. USD/CAD Forecast and Analysis August 5 — 9, 2019 In favor of the rise of the USD/CAD currency pair, a test of the broken resistance line on the relative strength index (RSI)…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 106.83. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 106.15. Then a rebound and continued growth of the pair to the area above the level of 112.20. USD/JPY Forecast and Analysis August 5 — 9, 2019 In favor of the rise of the Dollar/Yen pair, a test of the ascending trend line on…