Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9026. The pair continues to move within the fall and is testing the lower border of the bullish channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, 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 correct the price and test the support area near the level of 0.8865. 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 the level of 50641, continues to move as part of the fall and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 decline and test the support area near the level of 44055. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a…
Ethereum ETH/USD ends the trading week at the level of 4106.78 and continues to move as part of the growth and the ascending 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 correction and a test of the support level near the area of 3505.05. Where can we expect a rebound again and a continuation of the rise in the rate and…
XRP/USD end the trading week at 1.3878 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 1.3155. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 2.0005. Cryptocurrency XRP…
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…
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…