Litecoin LTC/USD are trading at 75.67 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $4 760 034 904. Moving averages indicate an upward trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the 73.15 area. Where can we again expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 85.55. Litecoin Forecast and LTC/USD Analysis May 8, 2019 In favor of growth in LTC/USD quotes, a test of an…
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 0.2978 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 $12 804 545 200. Moving averages indicate a bearish trend in Ripple. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3005. Further, the continuation of the decline of cryptocurrency in the region below the level of 0.2690. Ripple Forecast and XRP/USD Analysis May 8, 2019 In favor of falling XRP USD quotes, a test of…
Bitcoin Cash BCH/USD are trading at 281.78 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 $5 254 194 108. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for tomorrow, we can expect an attempt to reduce and test the support level near the 275 area. Where again we expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level…
Currency pair Euro/Dollar EUR/USD continues to move in the downward channel. Moving averages indicate the presence of a medium-term downward trend for the pair. At the time of the publication of the forecast, the euro/dollar rate is 1.1198. At the moment, we should expect an attempt to continue growth and test the resistance level near the 1.1245 area. 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 the level 1.1015. EUR/USD Forecast Euro Dollar May 7, 2019 The test of the resistance line on…
Currency pair Pound/Dollar GBP/USD continues to move as part of the upward correction and the formation of the «Wolfe Wave» model. At the time of the publication of the forecast, the pound to dollar rate is 1.3105. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.3155. Where again we should expect a rebound and the continuation of the fall of the pound against the dollar. The aim of the upward movement of the currency pair, in the framework of the Forex forecast for May…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the decline and the downward channel. Moving averages indicate a short-term downward trend. At the time of publication of the forecast, the Australian Dollar to the US Dollar is 0.6991. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7025. Further, a rebound from the resistance level and the continuation of the fall in quotations to the area below 0.6895. AUD/USD Forecast Australian Dollar May 7, 2019 In favor of the fall of the pair…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the framework of the decline and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 110.79. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to grow and test the resistance area near the level of 111.25. Further, the rebound and the continuation of the fall of the pair USD/JPY to the area below the level of 109.65. USD/JPY Forecast Japanese…
Quotes of BRENT continue to move in the framework of the decline and the bearish channel. At the time of publication of the forecast, the price of BRENT oil is $71.24 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we can expect an attempt to grow and test the resistance level near the area of 71.05 dollars per barrel. Further, the continuation of the fall of the oil in the area below 66.45. BRENT Crude Oil Forecast and analysis May 7, 2019 In favor of the fall in quotations and prices for oil BRENT…
Currency pair US Dollar Canadian Dollar USD/CAD 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 rate of the US Dollar to the Canadian Dollar is 1.3466. Moving averages indicate the presence of a short-term bullish 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 area of 1.3435. Further, the rebound and the continuation of the growth of the currency pair on FOREX. The potential target of raising…
GOLD continue to move in the framework of a decline and a downward channel. At the time of the publication of the forecast, the price of GOLD is 1281 Dollars per Troy Oz. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 1290. Where should we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1245. XAU/USD Forecast and GOLD analysis May 7, 2019 In favor of reducing the XAU/USD quotes, a test of the trend…