Ethereum ETH/USD ends the trading week at 4113 and continues to move as part of the rise and the formation of the ”Ascending Triangle” pattern. However, there is a lack of a test of the lower boundary of this model, so it should not be ruled out that the asset quotes will drop to the level of 2500 in the near future. Moving averages indicate the presence of a bullish trend in 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…
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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.
XRP/USD end the trading week at 1.0983 and continue to move within a minor correction and a bullish channel. Moving averages indicate a bullish trend. Prices broke 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 0.9095. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8005. Cryptocurrency XRP Forecast…
Litecoin LTC/USD ends the trading week at 198.73 and continues to move within the growth and bullish channel, but now there is a rebound after updating the local maximum. 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 145.05. Where can we expect a…
Bitcoin Cash ends the trading week at 633.35 and continues to move as part of the correction and 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 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 405.05. From where a rebound is expected again and an attempt to…
Silver ends the trading week near the 24.38 area. Quotes continue to move as part of the rise and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from metal sellers and a potential continuation of the decline 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 22.05 area. Further, the continuation of the rise…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. 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 1.1648. As part of the Forex forecast for October 22, 2021, we should expect an attempt to develop a price correction and a test of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the formation of an inverted ”Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3806. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, 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 raise the price of the British Pound against the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the formation of the bearish ”Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.7492. At the moment, we should expect an attempt to develop…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the rise and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 114.47. Moving averages indicate a short-term bullish trend for the pair. The prices have broken the area between the signal lines upwards, which indicates the pressure from the buyers of the US Dollar and the potential continuation of the rise in prices already from the current levels. As part of the forecast for the Japanese Yen…
Brent continue to move within the framework of the rise and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 85.04 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the area of…