Ethereum are traded at 2231.37 and continue to move within the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $262,500,141,545. Moving averages indicate a short-term bearish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level near the area of 2105.05.…
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.
XRP/USD are trading at 0.6279 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $29,348,823,643. Moving averages indicate a short-term uptrend in Ripple. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and test the support level near the 0.5805 area. Further, an upward…
Stock index S&P 500 continue to move within the framework of the rise and the bullish channel. Moving averages indicate a short-term uptrend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4400. At the moment, we should expect an attempt to develop a decline and test the support level near the 4355 area. Where can we expect a…
LTC/USD are trading at 129.81 and continue to move as part of the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,714,506,031. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1772 area. The pair continues to move within the fall and completion of the large “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1905. Where is the rebound…
BRENT finish the trading week near the area of $ 73.15 per barrel. And it continues to move within the framework of the growth and upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 68.75. Then, a rebound and continued growth of oil to the area above the level of $ 88.65 per…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3737 area. The pair continues to move within the framework of the correction and the beginning of the development of the “Double Top” reversal pattern. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3905. Further, the rebound and the beginning of the fall in the Pound/Dollar…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.62 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers. In the current trading week July 26 — August 1, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of 75.55. Where can we expect a rebound and a…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7372 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7625. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2562. The pair continues to move within the framework of the correction and has left the descending channel. Moving averages indicate a 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. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.2355 area. Then, a rebound upward and the beginning of the rise in quotations…