LTC/USD are trading at 275.27 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $18,710,130,956. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and 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.
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2094. The pair continues to move as part of the bullish correction and the formation of a large ”Head and Shoulders” reversal pattern, which is able to send the pair to the level of 1.1050. 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 European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and…
BRENT finish the trading week near the area of $ 67.21 per barrel. And it continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 57.85. Then, a rebound and continued growth of oil to the area above the level of $ 89.25 per…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3922 area. The pair continues to move within the framework of growth and the beginning of the development of the bearish Wolfe Wave pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.4155. Further, the rebound and the beginning of…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.89 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from the US dollar buyers. In the current trading week May 3 — 7, 2021 we should expect an attempt to develop a decline and a test of the support area near the level of 73.75. Where can we expect a rebound…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7768 area. The pair continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7835. Then, the rebound and the continuation of the fall of…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2268. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.2685 area. Then, a rebound downward and the beginning of a fall in quotations with a target below the level of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 108.84. The pair continues to move within the fall and the ascending channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US Dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 107.45 area. Then, the rebound and the continuation of the rise of the pair to the area…
GOLD completes the trading week near the 1766 area. The XAU/USD quotes continue to move as part of the growth and the beginning of the “Double Bottom” reversal pattern. Moving averages indicate a sideways trend in Gold. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a price correction and test the support level near the 1715 area. Further, the GOLD price will continue to rise with a potential target above the level of 2105. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7235 area. 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 currency pair and a potential continuation of growth from the current levels in the market. At the moment, we should expect an attempt at a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.7265. Then, a rebound and continuation of the fall of the currency…