Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9058. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bearish trend. The prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the American currency and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9025. Further, a rebound and an attempt to continue the rise 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.
Bitcoin BTC/USD ends the trading week at 38787, continues to move in the framework of the rise and the bullish channel. Moving averages indicate a sideways trend. Prices broke through the area between the signal lines upward, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 36005. Where can we expect a rebound and a continuation of the rise in the Bitcoin exchange rate with a potential target above the…
Ethereum ETH/USD ends the trading week at 2060.07 and continues to move as part of the rise. 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 a test of the support level near the 1915.05 area. Where can we expect a rebound again and a continuation of the rise in the rate and value of Ethereum with a potential target above…
XRP/USD end the trading week at 0.7183 and continue to move as part of the rise and development of the ”Wedge” model. Moving averages indicate a bullish trend. Prices broke 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 0.5505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.3185.…
Litecoin LTC/USD ends the trading week at 136.73 and continues to move as part of the rise and the start 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 Litecoin rate decline 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 105.05. Where can we expect a rebound again and an attempt…
Bitcoin Cash ends the trading week at 525.51 and continues to move as part of the rise and the start of the ”Wedge” pattern. 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 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 and…
Silver ends the trading week near the 25.46 area. Quotes continue to move within the correction. Here the large “Triangle” pattern continues to form, buyers have not yet been able to break through the upper border of this model, and even prices went to test the lower border of the 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again 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 1.1883. As part of the Forex forecast for July 30, 2021, we should expect an attempt to develop a slight bullish correction and a test of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the rise and the bullish channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3967. Moving averages indicate a short-term bullish trend. Prices broke up 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 to correct the British Pound against the US Dollar and test the support area near the level of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish 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 0.7392. At the moment, we should expect an attempt to develop a rise and…