Bitcoin BTC/USD ends the trading week at the level of 30846 and continues to move as part of a strong correction and an upward channel. Moving averages indicate a bullish trend. Traders are in a panic and expect a collapse similar to the beginning of 2018. Prices are still up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the 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 27005. Where can…
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 1142.69 and continues to move within a strong correction and an 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 905.50 area. Where can we expect a rebound and continued growth in the rate and value of Ethereum with a potential target above…
XRP/USD end the trading week at 0.2592 and continue to move as part of the fall. 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 0.1855. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.5175. Cryptocurrency XRP Forecast and Analysis January…
Litecoin LTC/USD completes the trading week at 135.69 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 100.55. 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 415.65 and continues to move within the decline 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 355.95. From where a rebound is expected again and an attempt to grow Bitcoin Cash with…
Silver is completing the trading week near the 25.44 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 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 22.85 area. Further, the continued growth in the price of Silver with a potential…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the rate of the Euro to the US Dollar is 1.2079. As part of the Forex forecast for January 22, 2021, we should expect an attempt to develop growth and test…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the formation of the 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 1.3715. 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 to grow the British Pound against the US Dollar and test the resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a correction and an upward channel. Moving averages indicate a short-term bullish trend. Prices went up again 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 0.7755. At the moment, we should expect an attempt to develop a correction and a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Wedge” pattern. At the time of the publication of the forecast, the US Dollar rate to the Japanese Yen is at 103.59. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. pair USD/JPY to the area above the level of 105.35.…