Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9220. The pair continues to move within the correction and the bullish channel. Moving averages indicate a sideways trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the American currency and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9095. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level…
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 64385, continues to move as part of a sideways correction and a bullish channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 55605. Where can we expect a rebound and a continuation of the rise in the Bitcoin exchange rate with a potential target above the level…
Ethereum ETH/USD ends the trading week at the level of 4705 and continues to move in the framework of the rise and the bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from 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 4295 area. Where can we again expect a rebound and a continued rise in the rate and value of…
XRP/USD end the trading week at 1.1921 and continue to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 1.1705. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8855. Cryptocurrency XRP Forecast November…
Litecoin LTC/USD ends the trading week at 268.35 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 235.55. Where can we expect a rebound again and an attempt to raise the value of Litecoin…
Bitcoin Cash ends the trading week at 66.36 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 585.05. From where a rebound is expected again and an attempt to raise the Bitcoin…
Silver are completing the trading week near the 25.20 area. Quotes continue to move within the framework of the rise and completion of the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the metal and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a slight fall in the value of the asset and a test of the support level near the 23.55 area.…
SHIBA INU ends the trading week at 0.00005361 and continues to move within the correction. The bulls are in no way able to seize the initiative, but the bears are also in no hurry to sell aggressively. Moving averages indicate a bullish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. 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 a digital asset and a test of the…
Dogecoin ends the trading week at 0.2605 and continues to move within the correction and the large ”Triangle” pattern. Moving averages indicate a bearish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 0.2105. From where a rebound is expected again and an attempt to raise Dogecoin cryptocurrency…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices went down from 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 1.1466. As part of the Forex forecast for November 12, 2021, we should expect an attempt to continue the development of a bullish price correction…