XRP/USD end the trading week at 1.1183 and continue to move within the correction and the upward 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 1.0585. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8505. 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 204.83 and continues to move within the fall and the bullish channel. Moving averages indicate a bullish trend. Prices moved up from the area 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 235.05. Where can we expect a rebound again and an attempt to drop the value of Litecoin with…
Bitcoin Cash completes the trading week at 730.48 and continues to move within the fall and 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 875.05. From where a rebound is expected again and an attempt to drop the Bitcoin Cash cryptocurrency with…
Silver are completing the trading week near the 27.85 area. Quotes continue to move within the framework of the growth and the ascending channel. The large “Triangle” model completed its formation here. 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 25.25 area. Further,…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are again 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 1.2232. As part of the Forex forecast for May 20, 2021, we should expect an attempt to develop a bullish correction and a test…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and completion of the formation of the bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4171. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 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 0.7761. At the moment, we should expect an attempt to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.77. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the price growth from the current levels. As part of the forecast for the Japanese Yen rate for…
Brent continue to move within the fall and ascending channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 66.50 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are bouncing up from the area between the signal lines, which indicates pressure from buyers of ”Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of $ 68.45 per barrel. Further, the continuation…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2069. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the areas between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop a fall and a test of the…