Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9153. The pair continues to move as part of the growth and formation of the ”Triangle” pattern. Moving averages indicate a bearish trend. The prices are again testing the area between the signal lines, which indicates pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9045. Further, a rebound and an attempt to continue the rise of 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.
Bitcoin BTC/USD ends the trading week at 42790, continues to move in the framework of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the 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 36805. Where can we expect a rebound and a continuation of the rise in the Bitcoin exchange rate with a potential target above the…
Ethereum ETH/USD ends the trading week at 3232.67 and continues to move as part of the rise and development of the Wedge reversal pattern. 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 test the support level near the 2755.05 area. Where can we expect a rebound again and a continuation of the rise in the rate and value of Ethereum…
XRP/USD end the trading week at 1.0253 and continue to move as part of the rise and the formation of an inverted ”Head and Shoulders” pattern. 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 0.6555. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above…
Litecoin LTC/USD ends the trading week at 177.62 and continues to move as part of the rise. 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 potential…
Bitcoin Cash completes the trading week at 629.97 and continues to move as part of the rise and the start of the Wedge 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 fall in the value of a digital asset and a test of the support area near the level of 515.05. From where a rebound is expected again and…
Silver ends the trading week near the 23.72 area. Quotes continue to move within the fall and have left the ”Triangle” pattern. 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 area of 24.35. Further, the continuation of the fall in…
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 quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1737. As part of the Forex forecast August 12, 2021 we should expect an attempt to develop a slight bullish correction and a test of the resistance…
Currency pair Pound/Dollar GBP/USD 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 Pound to the US Dollar on Forex is 1.3864. Moving averages indicate a short-term bearish trend. Prices are again testing 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 British Pound against the US Dollar and test the resistance area near the level…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction. Moving averages indicate a short-term bearish trend. Prices are again pushing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall 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 0.7369. At the moment, we should expect an attempt to develop a rise and test the resistance area near…