Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9994 The pair continues to move as part of a strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9745. Further, a rebound and an attempt to continue the rise of the pair with a…
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 ends the trading week at 30265, continues to move as part of the fall and the formation of a bullish ”Wolfe Wave” pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. At the moment, we should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 28505. From where we should again expect a rebound upwards and…
Ethereum ETH/USD ends the trading week at 2077 and continues to move as part of the fall and the formation of a bullish ”Wolfe Wave” pattern. The moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines down, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the 1705 area. From where we should again expect a rebound upwards and continued growth in…
XRP/USD complete the trading week at 0.4385 and continue to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the cryptocurrency’s decline from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.5305. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1405 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 69.51 and continues to move as part of the fall and the formation of a bullish Wolfe Wave pattern. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines. This indicates pressure from the sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a fall in prices and test the support area near the level of 50.05. Where should we expect a rebound again and…
Bitcoin Cash nds the trading week at 209.21, continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the fall in the value of the digital asset and test the support area near the level of 185.05. From where a rebound is expected again and an…
Silver complete the trading week near the area of 20.78. Quotes continue to move as part of the fall and left the limits of the bullish channel. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the areas between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a fall in the value of the asset and a test of the support level near the area of 18.75. Further,…
SHIBA INU ends the trading week at 0.00001363 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a rise in the value of the digital asset and test the resistance area near the level of 0.00001505. From where a rebound down is expected again and an…
Dogecoin ends the trading week at 0.0915 and continues to move as part of a strong fall and a downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a slight increase in the value of the digital asset and test the resistance area near the level of 0.1025. From where a rebound down is expected again…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0430. As part of the Forex forecast for May 13, 2022, we should expect an attempt to…