Bitcoin Cash ends the trading week at 579.43 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing 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 545.05. From where a rebound is expected again and an attempt to raise the…
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 23.88 area. Quotes continue to move as part of the correction 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 21.75 area. Further, the continuation of the…
SHIBA INU ends the trading week at 0.00006910 and continues to move within the correction after a strong growth. Moving averages indicate a bullish trend. Prices broke 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 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 support area near the level of 0.0000500. From where a rebound is expected again and an attempt to…
Dogecoin ends the trading week at 0.2894 and continues to move as part of the growth and completion of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices broke 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 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 0.2255. From where a rebound is expected again and an attempt to…
Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the fall in asset quotes from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1670. As part of the Forex forecast for October 29, 2021, we should expect an attempt to continue the development of a bullish price correction and a…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction 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 1.3754. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the 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 correction and the formation of a 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 0.7524. 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 correction 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 113.58. 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 fall and left the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 82.63 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again pushing 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 from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of $ 83.75 per barrel. Further, the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2354. 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 sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.2395…