Litecoin LTC/USD ends the trading week at 112.47 and continues to move as part of the fall and left the limits of the bullish growth channel. Moving averages indicate a bearish trend. Prices went down from 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 145.05. Where should we expect a rebound…
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 Cash ends the trading week at 286.18, continues to move as part of the decline. 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 410.05. From where a rebound is again expected and an attempt to fall the Bitcoin Cash cryptocurrency…
Silver complete the trading week near the area of 22.47. 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 have broken through the area 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…
SHIBA INU ends the trading week at 0.00002109 and continues to move within the correction and the downward price 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 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 bullish correction in the value of the digital asset and a test of the resistance area near the level of 0.00002805. From where a rebound down is expected…
Dogecoin ends the trading week at 0.1395 and 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 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 0.2205. From where a rebound down is expected again and an…
Currency pair Euro/Dollar EUR/USD continues to move as part of a strong bullish correction. There is potential for an inverted “Head and Shoulders” reversal pattern to form. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 1.1402. As part of the Forex forecast for February 4, 2022, we…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the downward channel. However, the risks of forming an inverted “Head and Shoulders” reversal pattern on higher timeframes remain. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3577. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7122. At the moment, we should expect an attempt to continue the development of the pair’s growth and a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 114.83. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on February 4, 2022, we should…
Brent continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $88.66 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Black Gold and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the area of…