BTC/USD are trading at 47493 and continue to move as part of the rise and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $888,288,521,054. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 17, 2021, we should expect an attempt to develop a correction in 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.
Ethereum are trading at 3290.99 and continue to move as part of the rise and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $383,824,067,712. Moving averages indicate a short-term bullish 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…
XRP/USD are trading at 1.2830 and continue to move as part of the rise and the formation of the ”Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $59,280,769,143. Moving averages indicate a short-term uptrend in Ripple. Prices are again testing the area between the signal lines, 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 a test of the support level…
Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term uptrend. Prices went up from the area between the signal lines, 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 the level of 4447. At the moment, we should expect an attempt to develop a decline and test the support level near the 4435 area. Where can we expect a…
LTC/USD are trading at the level of 187.22 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,395,190,284. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from the area between the signal lines, which indicates pressure from buyers 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…
Currency pair Euro to Japanese Yen EUR/JPY continues to move as part of the decline and the beginning of the development of the ”Triangle” model. 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 the sellers of the European currency against the Japanese yen and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/Japanese Yen rate is 128.79. As part of the Forex forecast for the EUR/JPY rate for August 17, 2021, we…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1798 area. The pair continues to move as part of the correction and completion of the formation of the large “Head and Shoulders” reversal pattern. As you can see, prices are once again trying to gain a foothold under the “Neck” line, but so far no breakdown has taken place. As soon as the bears are able to break through this support area, it is worth considering a serious drop in the currency pair. Moving averages indicate a bullish trend for the pair. Prices went down from the area…
BRENT finish the trading week near the area of $ 70.71 per barrel. And it continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing 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 65.05. Then, a rebound and continued growth of oil to the area above the level of $ 90.05 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3869 area. The pair continues to move within the correction and the bullish channel. Prices are again 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 1.4045. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the level of 1.2535. GBP/USD…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.14 Rubles per US Dollar. The pair continues to move within the framework of the correction and the formation of the ”Triangle” pattern, which market participants cannot break through in any way. Moving averages indicate a bullish trend. The prices broke through the area between the signal lines downward, which indicates pressure from the US dollar sellers and the likely continuation of the pair’s fall from these levels. In the current trading week, August 16 – 20, 2021, we should expect an attempt to…