Litecoin LTC/USD ends the trading week at 134.73 and continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers 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 97.25. Where can we expect a rebound again and…
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 completes the trading week at the level of 500.66 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue to grow in the value of the digital asset and test the resistance area near the level of 595.05. From where a rebound is expected again…
Silver are completing the trading week near the 26.12 area. Quotes continue to move within the correction and managed to leave the model. Here the large “Triangle” pattern continues to form, buyers have not yet been able to break through the upper border of this pattern. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a minor correction in the value of the asset and…
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 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 1.1841. As part of the Forex forecast for July 9, 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 fall and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3761. Moving averages indicate a short-term bearish trend. Prices went down from 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 at a bullish correction of the British Pound against the US Dollar and a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a decline and a bearish channel. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a 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 Australian Dollar to US Dollar rate is 0.7429. At the moment, we should expect an attempt to develop a rise and test the resistance area…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and left the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 110.65. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for July 9, 2021, we should…
Brent continue to move within the decline and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 73.16 per barrel. Moving averages indicate a short-term bearish 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 rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of $ 72.75…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2553. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level…
GOLD continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1805 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are pushing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1790 area. Where can we expect a rebound and a continued rise in the price of…