XRP/USD end the trading week at 0.9345 and continue to move within the correction and the rising channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.8505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.7565. Cryptocurrency XRP…
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.
Litecoin LTC/USD ends the trading week at 175.16 and continues to move as part of the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines. 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 rise and a test of the resistance area near the level of 205.05. Where can we expect a rebound again and an attempt to fall in the value…
Bitcoin Cash ends the trading week at 661.76 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 to grow in the value of the digital asset and test the resistance area near the level of 765.05. From where a rebound is expected again and an attempt to drop the…
Silver ends the trading week near the 27.30 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 25.15 area. Further, the continued growth in…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the beginning of the development of the bearish “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are testing 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 1.2001. As part of the Forex forecast for June 1, 2021, we should expect an attempt to develop a bullish correction…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.4172. Moving averages indicate a short-term bullish trend. Prices push up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 near the level of 1.4225. Where can we expect a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the beginning of the development of the “Triangle” model. 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 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 rate of the Australian Dollar to the US Dollar is 0.7736. At the moment, we should expect an attempt…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.60. Moving averages indicate a short-term bullish trend for the pair. Prices have moved up again from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of price growth from the current levels. As part of the forecast for the Japanese Yen rate for June 1, 2021, we…
Brent continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 69.43 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 $ 68.05…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth 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 1.2081. 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…