Author: forex24pro

Ethereum ETH/USD ends the trading week at 3786 and continues to move as part of the correction and the bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 3565 area. Where can we expect a rebound and a continuation of the rise in the rate and value of Ethereum with a…

XRP/USD end the trading week at 0.8404 and continue to move within the fall and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near 0.9705. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level of 0.2895. XRP…

Litecoin LTC/USD ends the trading week at 163.55 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop the price growth and test the resistance area near the level of 185.05. Where can we expect a rebound down again and an attempt to fall in the value of Litecoin with…

Bitcoin Cash ends the trading week at 430.96 and continues to move as part of the decline and the beginning of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers 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 545.05. From where a rebound is expected again and an attempt to…

Silver are completing the trading week near the 23.10 area. Quotes continue to move within the framework of the rise and the downtrend channel. There is potential for a ”Double Bottom” reversal pattern to form. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers of the metal and a potential continuation of the decline from the 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 0.00003440 and continues to move within the fall and the descending price channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers 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 a digital asset and a test of the resistance area near the level of 0.00003705. From where a rebound is expected again and an…

Dogecoin completes the trading week at the level of 0.1741 and continues to move within the correction after the fall and the start of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers 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 at a slight rise in the value of a digital asset and a test of the resistance area near the 0.2005 level. From where a rebound…

BNB/USD quotes are traded at 524.35 and continue to move as part of the correction and the formation of the ”Wedge” model. Moving averages indicate a short-term bullish trend for Binance Coin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a small correction in the value of a digital asset and a test of the support level near the 510.55 area. Where can we expect a rebound upward…

Currency pair Pound Yen GBP/JPY completes the trading week near the level of 155.46. The pair continues to move within the rally and the bullish channel. A ”Head and Shoulders” reversal pattern is also forming here. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to continue price growth and test the resistance area near the level of 156.75. Further, a rebound down and an attempt to…

Currency pair Euro Yen EUR/JPY completes the trading week near the level of 130.44. The pair continues to move within the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to raise the price and test the resistance area near the level of 131.25. Further, a rebound downward and an attempt to continue the fall of the pair with a potential…