Litecoin LTC/USD ends the trading week at 329.88 and continues to move within the growth and 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 decline and a test of the support area near the level of 275.55. Where can we expect a rebound again and an attempt to increase the value of Litecoin with a…
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 Cash completes the trading week at 1316.90 and continues to move within the strong growth and upward channel. Moving averages indicate a bullish trend. Prices moved up from 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 fall in the value of the digital asset and a test of the support area near the level of 1140.05. From where a rebound is expected again and an attempt to grow Bitcoin…
Silver ends the trading week near the 27.23 area. Quotes continue to move within the growth and the ascending channel. A large “Triangle” pattern is also formed here, the price came close to the upper border of this pattern. 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the ”Double Top” 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 1.2078. As part of the Forex forecast for May 14, 2021, we should expect an attempt to develop a bullish correction and a…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the downward pattern ”Wolfe Wave”. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4034. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall 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 0.7703. 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 growth 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 109.57. 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 the 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 May…
Brent continue to move in the framework of growth and the rising channel. At the time of publication of the forecast, the price of Brent oil is $ 67.87 per barrel. Moving averages indicate the presence of short-term bullish trend on oil. Prices are repelled from the area between the signal lines, which indicates pressure from the buyers of “black gold” and the potential continuation of the increase in the cost of the asset is already with current levels. At the moment, it is worth an attempt to develop bearish correction and a support level of support near area 66.15…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in the framework of the fall and downward channel. At the time of publication of the forecast, the US dollar rate to the Canadian dollar is 1.2083. Moving averages indicate the presence of short-term bearish trends in a pair. Prices struck areas between signal lines down, which indicates pressure from the sellers and the potential continuation of the fall in the price pair is in the near future. At the moment, it is worth an attempt to develop a fall and the support level of support near the region…
GOLD continue to move within the growth and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1815 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push off from 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 1795 area. Where can we expect a rebound and a continued rise in the price…