Ethereum ETH/USD ends the trading week at 2915.52 and continues to move as part of the rise and development of the Wedge reversal pattern. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the area of 2405.05. Where can we expect a rebound again and a continuation of the rise in the rate and value of…
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 end the trading week at 0.7427 and continue to move as part of the rise and development of the “Wedge” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.6025. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of…
Litecoin LTC/USD ends the trading week at 148.50 and continues to move as part of the rise and the beginning of the bullish Wolfe Wave pattern. Moving averages indicate a bearish 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 110.55. Where can we expect a rebound again and…
Bitcoin Cash ends the trading week at 553.51 and continues to move as part of the rise and the start of the ”Wedge” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the coin 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 fall in the value of a digital asset and a test of the support area near the level of 405.05. From where a rebound is expected again…
Silver ends the trading week near the 23.34 area. Quotes continue to move within the fall and have left the “Triangle” model. Moving averages indicate a bullish trend for the pair. However, prices broke through the area between the signal lines downward, which indicates pressure from sellers of the metal and a potential continuation of the decline from the current levels. At the moment, we should expect an attempt to develop a slight bullish correction in the value of the asset and a test of the resistance level near the 25.05 area. Further, the continuation of the fall in the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the bullish channel. Moving averages indicate a short-term 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 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 1.1840. As part of the Forex forecast for August 5, 2021, we should expect an attempt to develop a slight bullish correction and a test of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and left the bullish channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3900. Moving averages indicate a short-term bullish trend. Prices are again testing 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 correct the British Pound against the US Dollar and test the resistance area near the level…
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 are again testing the areas 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 0.7379. At the moment, we should expect an attempt to develop a rise and test…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the rise. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.48. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for August 5, 2021, we should expect…
Brent continue to move as part of the correction and the formation of an inverted head and shoulders pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 70.40 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a decline and a test of…