Bitcoin BTC/USD completes the trading week at 58241, continues to move within the growth and upward channel. Moving averages indicate a bullish trend. Prices went up from 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 correction and test the support area near the level of 50065. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 65655. Bitcoin Forecast and Analysis…
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 1804.90 and continues to move within the correction and the 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 rise in prices and a test of the support level near the area of 1595.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target…
XRP/USD end the trading week at the level of 0.4676 and continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing 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 0.3745. 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 202.15 and continues to move within the growth and ascending 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 correction and a test of the support area near the level of 175.05. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…
Bitcoin Cash completes the trading week at 531.16 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 fall in the value of a digital asset and a test of the support area near the level of 395.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency…
Silver are completing the trading week near the 26.14 area. Quotes continue to move within the correction and the ascending channel, the ”Triangle” pattern is also forming 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 24.25. Further, the continued growth…
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. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1916. As part of the Forex forecast for March 19, 2021, we should expect an attempt to develop growth and test the resistance level, which is located…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3921. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a large reversal pattern ”Head and Shoulders”. Moving averages indicate a short-term bullish 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 rise 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 0.7767. At the moment, we should expect an attempt…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.16. 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 buyers of the US Dollar and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for March…