Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.08. Moving averages indicate an uptrend. Quotes of the pair also repelled from the area of moving averages, which indicates the pressure from buyers. As part of the forecast for the USD/RUB exchange rate for tomorrow, June 7, 2019, we should expect an attempt to reduce and test the support level near 64.75 Rubles for the US Dollar.…
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 BTC/USD are trading at 7703 and continue to move as part of the fall and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $137 219 891 321. Moving averages indicate the presence of an upward trend in Bitcoin. Quotes test the area between the moving averages, which is a strong signal for continued growth. As part of the cryptocurrency exchange rate forecast for tomorrow, June 7, 2019, an attempt should be expected to decline and a test of the support level near the 7565 area. Where again we should expect a rebound…
Ethereum ETH/USD are trading at 241.33 and continue to move within the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $25 929 522 280. Moving averages indicate the presence of a short-term upward trend in Ethereum. At the moment, we should expect an attempt to decrease and test the lower boundary of the ascending channel near area 235. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 305. Ethereum Forecast and ETH/USD Analysis June 7, 2019 An additional…
Litecoin LTC/USD traded at 102.39 and continue to move within the correction and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $6 397 542 341. Moving averages indicate the upward trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the 95.55 area. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with a potential target above the level of 125.45. Litecoin Forecast and LTC/USD Analysis June 7, 2019 The test of the support line on…
Ripple XRP/USD are trading at 0.3951 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 $17 070 684 458. Moving averages indicate the presence of a short-term bullish trend on Ripple. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3765. Further, the continued growth of cryptocurrency in the region above the level of 0.5165. Ripple Forecast and XRP/USD Analysis June 7, 2019 In favor of the growth of…
Bitcoin Cash BCH/USD are trading at 385.78 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $6 868 979 257. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 7, 2019, we should expect an attempt to decrease and test the support level near the area of 350.00. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the…
Stock index Dow Jones continue to move within the growth and the bearish channel. At the time of the publication of the forecast, the index is trading at 25638. Moving averages indicate a bearish trend. At the moment, we should expect a fall and a test of the support level near the area of 25055. Where should we expect a rebound and the continuation of the rise of the Dow Jones stock index quotes to the area above the level of 26095. Dow Jones Index Forecast and Analysis June 7, 2019 In favor of the growth of quotations of the…
Currency pair Euro/Dollar EUR/USD continues to move as part of a strong upward correction. Probably such a correction is provoked by the expectation of the ECB decision on the rate. Moving averages indicate a short-term downward trend in the pair. At the time of the publication of the forecast, the euro rate to the US Dollar is 1.1265. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 1.1315. Further, the rebound and the continuation of the decline in the currency pair Euro/Dollar. The potential target of such a movement…
Currency pair Pound/Dollar GBP/USD continues to move in the upward correction and the downward channel. At the time of the publication of the forecast, the pound to dollar rate is 1.2716. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.2845. Where once again we should expect a rebound and the continuation of the decline of the pound against the dollar. The aim of the downward movement of the currency pair, in the Forex forecast for June 6, 2019, is the area at…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the upward correction and the bearish channel. Moving averages indicate a short-term downward trend. At the time of the publication of the forecast, the Australian Dollar rate to the US Dollar is 0.6989. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7010. Further, a rebound from the resistance level and the continuation of the fall in quotations to the area below 0.6815. AUD/USD Forecast Australian Dollar June 6, 2019 In favor of the fall…