BCH/USD are traded at 453.07 and continue to move as part of the correction and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,521,827,694. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. As part of the cryptocurrency rate forecast for February 8, 2021, we should expect an attempt to develop a correction in the value of an…
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.
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1962 area. The pair continues to move within the fall. Moving averages indicate a bullish trend for the pair. Prices are again testing the areas between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.2155. Where is the rebound and the continuation of the fall of the Euro/Dollar expected. A potential target of the decline…
BRENT finish the trading week near the area of $ 59.08 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 48.65. Then, a rebound and continued growth of oil to the area above the level of $ 77.85…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3679 area. The pair continues to move within the framework of the growth and the formation of the bearish “Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3765. Further, the rebound and the beginning of the…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 75.05 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing from the area between the signal lines, which indicates pressure from the US dollar buyers. In the current trading week, February 8 — 12, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 76.65. Where can we expect a rebound and the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7602 area. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices have moved up far from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of the rise and test the resistance area near the level of 0.7755. Then, the rebound and the continuation of the fall…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2815. The pair continues to move within the framework of the growth and the downtrend channel, here the “Head and Shoulders” reversal pattern is formed. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and a test of the support level near the 1.2675 area. Then, a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.48. The pair continues to move within the framework of strong growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 103.15 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the area of 1798. XAU/USD quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and test the support level near the 1755 area. Further, the GOLD price will continue to rise with a potential target above the level of 2115. GOLD Price Forecast and Weekly Analysis February…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7153 area. Moving averages indicate a bullish trend for the pair. Prices went up the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from the current levels in the market. At the moment, we should expect an attempt to raise the currency pair on Forex and test the resistance area near the level of 0.7185. Then, a rebound and continuation of the fall of the currency pair with a potential target below…