Bitcoin Cash ends the trading week at 603.10 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 635.05. From where a rebound is expected again and an attempt to drop 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.
Silver ends the trading week near the 28.16 area. Quotes continue to move within the correction and the ascending channel. Here the large “Triangle” model completed its formation. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the metal 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 a test of the support level near the 25.65 area. Further, the continued growth in…
Currency pair Euro/Dollar EUR/USD continues to move within the fall and the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2175. As part of the Forex forecast for June 9, 2021, we should expect an attempt to develop a bullish correction and a test of the resistance level, which is…
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 1.4123. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines downward, 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 grow the British Pound against the US Dollar and test the resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines upwards, 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 0.7735. At the moment, we should expect an attempt to develop a rise and test the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the ascending channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.45. 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 price growth from current levels. As part of the forecast for the Japanese Yen rate for June 9, 2021, we should expect an attempt…
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 $ 70.94 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, 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 $…
Currency pair US Dollar to Canadian Dollar USD/CAD 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 US Dollar to the Canadian Dollar is 1.2091. Moving averages indicate a short-term bearish 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 price pair’s growth in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support…
GOLD continue to move within the correction and the upward channel. At the time of the publication of the forecast, the price of GOLD is 1885 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing 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 correction and test the support level near the 1865 area. Where can we expect a rebound and a continued rise in the…
Silver continue to move within the correction and the bullish channel. At the time of the forecast release, Silver prices are at 27.54. Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 26.55 area. Where can we expect a rebound and continued growth in the…