Bitcoin BTC/USD ends the trading week at the level of 60698, continues to move as part of the growth and formation of the “Wedge” pattern. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from 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 rise and test the resistance area near the level of 65505. Where can we expect a rebound again and the continuation of the fall in the Bitcoin rate with a potential…
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.
Ethereum ETH/USD ends the trading week at 2381.42 and continues to move within the growth and upward channel. 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 rise and test the resistance level near the area of 2565.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target below…
XRP/USD end the trading week at the level of 1.6334 and continue to move within the correction and the ascending 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 1.3225. 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 completes the trading week at the level of 279.99 and continues to move within the growth and upward 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 305.05. Where can we expect a rebound again and an attempt to fall in the value…
Bitcoin Cash completes the trading week at 899.48 and continues to move within the 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 increase the value of a digital asset and a test of the resistance area near the level of 955.05. 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 area of 25.93. Quotes continue to move within the framework of the growth and the ascending channel. A large “Triangle” model is also formed here. Moving averages indicate a bullish trend for the pair. Prices are again testing 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 area of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upward, 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 1.1971. As part of the Forex forecast for April 16, 2021, we should expect an attempt to develop a bullish correction and a test of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Descending Triangle” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3773. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, 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 at a bullish correction of the British Pound against the US Dollar and a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines upwards, 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 0.7747. At the moment, we should expect an attempt to develop a correction and test the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a downward correction and a bearish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.74. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for April…