XRP/USD end the trading week at 0.3157 and continue to move as part of the growth. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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 0.2025. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.5365. Cryptocurrency XRP Forecast and…
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.
Litecoin LTC/USD completes the trading week at 174.54 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 correction and a test of the support area near the level of 155.05. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…
Bitcoin Cash ends the trading week at 449.85 and continues to move within the rally and ascending channel. Moving averages indicate a bullish trend. Prices went up again in 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 365.55. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…
Silver ends the trading week near the 26.48 area. Quotes continue to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the metal and a potential continuation of growth from 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 24.45. Further, the continued growth in the price of Silver with…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. A bearish ”Wolfe Wave” pattern is also forming here. Moving averages indicate a short-term bullish trend for the pair. Prices pushed up from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the decline from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2336. As part of the Forex forecast for January 7, 2021, we should expect an attempt to develop growth and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3609. 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 rise in the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area near the level of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the rise and ascending channel. 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 from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7790. At the moment, we should expect an attempt to develop a downward correction and a test of…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 102.97. 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 exchange rate for January…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 53.63 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of $ 51.95 per barrel.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US dollar to the Canadian dollar is 1.2684. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and a test of the…