Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9263. The pair continues to move as part of the growth and the formation of a large model “Triangle”. Moving averages indicate the presence of a sideways 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 0.9145. Further, a rebound and an attempt to continue the…
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 43862, continues to move as part of a strong rebound from the lower limit of the bullish channel. 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 rise in the price of the coin and a test of the resistance area near the level of 48405. From where we should again expect a rebound down and…
Ethereum ETH/USD ends the trading week at 3126 and continues to move as part of growth. Moving averages indicate the presence of a bullish trend for ETH/USD. However, prices have broken through the area between the signal lines down, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price increase and test the resistance level near the 3375 area. From where we should again expect a rebound and a continued fall in the exchange rate and the cost of Ethereum with a…
XRP/USD complete the trading week at 0.8226 and continue to move as part of a strong correction and a downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.9825. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.3325 again.…
Litecoin LTC/USD ends the trading week at 133.46 and continues to move within the correction. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines down. This indicates pressure from 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 bullish price correction and a test of the resistance area near the level of 150.05. Where can we expect a rebound down again and an attempt to drop the value of Litecoin…
Bitcoin Cash ends the trading week at 338.41, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 correct the value of the digital asset and test the resistance area near the level of 430.55. From where a rebound is expected again and an attempt to fall the Bitcoin…
Silver complete the trading week near the area of 23.15. Quotes continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the metal and a potential continuation of the fall 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…
SHIBA INU ends the trading week at 0.00003192 and continues to move within the growth and left the limits of the downward price channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.00002205. From where a rebound is…
Dogecoin ends the trading week at 0.1535 and continues to move within the correction and the downward channel. This is where the “Triangle” model is formed. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 0.1875. From where…
Currency pair Euro/Dollar EUR/USD continues to move within the correction and the downward channel. There is potential for an inverted “Head and Shoulders” reversal pattern to form. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the Euro against the US Dollar is 1.1427. As part of the Forex forecast for February 11, 2022, we…