Litecoin LTC/USD traded at 104.31 and continue to move within the correction and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $6 543 647 827. Moving averages indicate a bullish trend on Litecoin. However, the quotes were able to break through the slow moving average, which indicates a slowing trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 100.35. Where can we expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 125.55. Litecoin…
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.
Ripple XRP/USD are trading at 0.4069 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 $17 510 210 696. Moving averages indicate a short-term bullish Ripple trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3865. Further, the continuation of the growth of cryptocurrency in the region above the level of 0.4565. Ripple Forecast and XRP/USD Analysis June 5, 2019 In favor of the growth of XRP/USD quotes,…
Bitcoin Cash BCH/USD are trading at 393.78 and continue to move as part of the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 088 523 140. Moving average indicate the presence of a short-term bullish trend on Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 5, 2019, we should expect an attempt to fall and a test of the support level near the area of 370.00. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target…
Stock index Dow Jones continue to move in the framework of the decline and the downward channel. At the time of the publication of the forecast, the index is trading at 24981. Moving averages indicate a bearish trend. At the moment, we can expect growth and a test of the resistance level near the area of 25295. Where should we expect a rebound and the continuation of the fall of the Dow Jones stock index quotes to the area below the level of 24065. Dow Jones Index Forecast and Analysis June 5, 2019 In favor of the fall of the…
Currency pair Euro/Dollar EUR/USD continues to move within the framework of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bearish trend in the pair. At the time of the publication of the forecast, the euro-dollar rate is 1.1179. The tool went into a strong correction. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 1.1210. Further, the rebound and the continuation of the decline in the currency pair Euro/Dollar. The potential target of such a movement is the area below 1.0995. EUR/USD Forecast…
Currency pair Pound/Dollar GBP/USD continues to move within the correction and the bearish channel. At the time of the publication of the forecast, the pound to dollar rate is 1.2637. 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 1.2665. Where once again we should expect a rebound and the continuation of the decline of the pound against the dollar. The purpose of the downward movement of the currency pair, in the framework of the Forex forecast for June 4, 2019, is the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of growth and the formation of the bearish pattern «Wolfe Wave». Moving averages indicate a short-term uptrend. At the time of the publication of the forecast, the Australian Dollar to US dollar is 0.6948. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6965. Further, the rebound from the resistance level and the continuation of the fall of quotations to the area below 0.6835. AUD/USD Forecast Australian Dollar June 4, 2019 In favor of the fall…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of a bullish «Wolfe Wave» pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.28. Moving averages indicate a short-term bearish trend in the pair. As part of the forecast of the Japanese Yen rate for June 4, 2019, we should expect an attempt to fall and test the support area near the level of 107.75. Further, the rebound and continued growth of the pair…
Quotes of BRENT continue to move in a strong fall and a downward channel. At the time of the publication of the forecast, the price of BRENT oil is $ 61.55 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, it is worth expecting an attempt to correct and test the resistance level near the area of 62.35 dollars per barrel. Further, the continuation of the fall of the oil in the area below 56.80. BRENT Crude Oil Forecast and analysis June 4, 2019 In favor of the fall in quotations and prices for oil…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3510. Moving averages indicate the presence of a short-term upward trend for the pair. At the moment, we should expect an attempt to reduce the asset and a test of the support level near the 1.3445 area. Further, the rebound and the continuation of the growth of the currency pair on Forex. A potential target of such a movement of quotes is an area…