Bitcoin Cash ends the trading week at 454.80 and continues to move as part of the decline and the beginning of the development 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 a digital asset and test the resistance area near the level of 565.05. From where a rebound is expected again and…
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.
Silver are completing the trading week near the 22.85 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 0.00003833 and continues to move within the bullish correction and the downward price channel. Moving averages indicate a bearish trend. Prices have broken the area between the signal lines upwards, 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 0.00004105. From where a rebound is expected again and…
Dogecoin completes the trading week at 0.1815 and continues to move as part of 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 to slightly increase the value of the digital asset and test the resistance area near the 0.2165 level. From where a rebound is expected again and an…
Currency pair Pound Yen GBP/JPY ends the trading week near the level of 153.29. 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 have broken 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 154.45. Further, a rebound down and an attempt to…
Currency pair Euro Yen EUR/JPY completes the trading week near the level of 129.72. The pair continues to move within the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices have broken 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 130.45. Further, a rebound downward and an attempt to continue the fall of the pair with a potential…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the ”Triangle” model. Once again, a rebound from the upper border of this model took place, however, there was no breakdown downward yet. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1306. As…
Currency pair Pound/Dollar GBP/USD continues to move as part of an aggressive bullish correction. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3423. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to correct the price of the British Pound against the US Dollar and test the resistance area near the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a strong bullish correction and a downward channel. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7237. At the moment, we should expect an attempt to develop a bullish…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the ”Head and Shoulders” pattern, which is clearly visible even from the daily chart of the pair. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 114.635. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the price growth from the current…