Litecoin LTC/USD completes the trading week at 180.63 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 test the support area near the level of 155.95. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin with 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.
Bitcoin Cash ends the trading week at 525.53 and continues to move within the rally and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, indicating 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 385.95. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency with…
Silver are completing the trading week near the 27.04 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a slight correction in the value of the asset and a test of the support level near the 25.35 area. Further, the continued growth in the price of Silver with a potential target above…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth. There is potential for an inverted “Head and Shoulders” pattern to form. Moving averages indicate a short-term bearish trend for the pair. Prices broke 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 already from the current levels. At the time of publication of the forecast, the Euro/US Dollar rate is 1.2103. As part of the Forex forecast for February 12, 2021, we should expect an attempt to develop growth and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of another bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.38309. Moving averages indicate a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument. At the moment, we should expect an attempt to raise the British Pound against the US Dollar and test the resistance area near…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend. Prices went up from 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 0.7756. At the moment, we should expect an attempt to…
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 104.72. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from the US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for February 12, 2021, we…
Brent continue to move within the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 61.37 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset 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…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2686. 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 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…
GOLD continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1837 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upwards, 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 decline and test the support level near the 1810 area. Where can we expect a…