Bitcoin Cash ends the trading week at 341.01 and continues to move within the rally and ascending channel. Moving averages indicate a bullish trend. Prices went up again 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 295.65. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency…
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.
Silver ends the trading week near the 26.39 area. Quotes continue to move within the framework of the growth and the upward channel. Here, the formation of the “Double Bottom” reversal pattern was completed. Moving averages indicate a bullish trend for the pair. Prices moved 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 minor correction in the value of the asset and a test of the support level near the 25.05 area. Further,…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending 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 1.2293. As part of the Forex forecast for December 31, 2020, we should expect an attempt to develop a downward correction and a test of the support level near the 1.2255…
Currency pair Pound/Dollar GBP/USD continues to move as part of strong growth and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3599. Moving averages indicate a short-term bullish trend. Prices are bouncing again from 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 continue the rise in the British Pound against the US Dollar and test…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. 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 0.7684. At the moment, we should expect an attempt to develop a downward correction and a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong fall and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 103.25. 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 US Dollar and a potential continuation of the fall in prices already from the current levels. As part of the forecast for the Japanese Yen rate for…
Brent continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude is $ 51.25 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are bouncing from the area between the signal lines, 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…
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 1.2757. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…
GOLD continue to move within the framework of the growth and the ascending channel. Here, the “Triangle” model is formed. At the time of the publication of the forecast, the price of GOLD is 1885 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices bounce off 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. At the moment, we should expect an attempt to develop a decline and test the support level near the 1875 area. Where can we expect a…
Silver continue to move within the growth and the ascending channel. At the time of the publication of the forecast, Silver prices are at $ 26.35. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in value already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 25.85 area. Where can we expect a rebound and continued growth…