Litecoin LTC/USD ends the trading week at 206.89 and continues to move within the rally and bullish channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and the potential continued growth of 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 rebound again and an attempt to raise the value of Litecoin with a…
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 Cash ends the trading week at 704.64 and continues to move as part of the correction and the formation of an inverted ”Head and Shoulders” reversal pattern. 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 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 565.05. From where a rebound is…
Silver are completing the trading week near the area of 24.71. Quotes continue to move within the correction and left the ”Triangle” model. Moving averages indicate a bullish trend for the pair. However, 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 slight bullish correction in the value of the asset and a test of the resistance level near the 25.05 area. Further, the continuation of the fall in…
Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the 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 growth of asset quotes from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1849. As part of the Forex forecast for September 3, 2021, we should expect an attempt to develop a slight rise in prices and a test of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on FOREX is 1.3781. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to raise the British Pound against the US Dollar and test the resistance area near…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the rise and the bullish channel. Moving averages indicate a short-term bullish trend. Prices went up the area between the signal lines, 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 0.7398. At the moment, we should expect an attempt to develop a decline and test the support…
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 ”Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 110.02. Moving averages indicate a short-term bullish trend for the pair. The prices have broken the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the decline in prices already from the current levels. As part of the forecast for the Japanese…
Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 72.45 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing 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 a decline and a test of the support level near the area of $ 70.45 per barrel.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of a ”Double Bottom” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2600. 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 sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a decline and test…
GOLD continue 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 price of GOLD is 1811 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the areas between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1735 area. Where can we expect a…