DOT/USD quotes are trading at 16.87 and continue to move as part of the fall and the bullish channel. The moving averages indicate a short-term bearish trend for Polkadot. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop an increase in the value of a digital asset and a test of the resistance level near the 20.55 area. Where can we expect a rebound down again and a continuation of…
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.
Quotes ADA/USD are trading at 0.9384 and continue to move as part of the fall and the downward channel. The moving averages indicate a short-term bearish trend for Cardano. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a rise in the value of the digital asset and a test of the resistance level near the 1.05 area. Where can we expect a rebound and a continued decline in the…
MATIC/USD quotes are trading at 1.5371 and continue to move as part of the fall and the beginning of the reversal pattern “Head and Shoulders”. Moving averages indicate a short-term bearish trend for Polygon. Prices have broken down the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction in the value of the digital asset and a test of the resistance level near the 1.7500 area. Where can we expect a rebound again and…
AVAX/USD quotes are trading at 79.00 and continue to move within the correction and the downward channel. The moving averages point to a short-term bearish trend for Avalanche. Prices have broken down the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the area of 95.65. Where can we expect a rebound and the beginning of a fall…
NEAR/USD quotes are trading at 9.41 and continue to move as part of the fall and left the bullish channel. The moving averages indicate a short-term bearish trend for the NEAR Protocol. Prices went down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the 10.65 area. Where can we expect a rebound and a…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1355. Moving averages indicate a bearish trend. Prices are again rebounding from the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1525. Where is the expected rebound and continued fall of the Euro/Dollar. The potential target of the decline is the area below the level of 1.0705. EUR/USD Weekly Forecast February…
BRENT complete the trading week near the area of 89.14 dollars per barrel. And it continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 82.35. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the area above the…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3617. The pair 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 up, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.3655. Further, a rebound…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 75.72 Rubles per US Dollar. The pair continues to move within the framework of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week of February 21 — 25, 2022, we should expect an attempt to develop a rise…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7202. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.7255. Then, a rebound and continued fall of AUD/USD…