Author: forex24pro

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8890. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a downtrend. Prices went down from the area between the signal lines, which indicates strong 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 prices and test the support area near the level of 0.8815. Further, a rebound and an attempt to continue the rise of the pair with a potential target above…

Bitcoin BTC/USD ends the trading week at 17704 and continues 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 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 15865. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 23685. Bitcoin Forecast and…

Ethereum ETH/USD ends the trading week at 539.16 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 slight downward correction and a test of the support level near the 465.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…

XRP/USD end the trading week at 0.5366 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 0.4455. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.7865. XRP Forecast and Analysis…

Litecoin LTC/USD completes the trading week at 70.80 and continues to move within the correction 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 62.55. 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 256.89 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are again pushing 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 240.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…

Silver ends the trading week near the 23.81 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices are again testing 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 an asset value correction and a test of the support level near the 21.65 area. Further, the continued growth in the price of Silver with a potential target above the level of 29.65. Silver Forecast…

Currency pair Euro/Dollar EUR/USD continues to move within the fall and the rising channel. 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 buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2084. As part of the Forex forecast for December 10, 2020, we should expect an attempt to grow and test the resistance level near the 1.2135 area. Further, the rebound and continuation of…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the bearish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3404. Moving averages indicate the presence of a short-term bullish trend. Prices are testing 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 at a bullish correction of the British Pound against the US Dollar and a test of the resistance area…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Double Top” reversal pattern. Moving averages indicate a short-term bullish trend. Prices broke the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7459. At the moment, we should expect an attempt to develop growth and test the…