XRP/USD end the trading week at 0.2549 and continue to move as part of the correction and the formation of the “Head and Shoulders” pattern. 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 0.2305. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the…
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.
Litecoin LTC/USD ends the trading week at 63.13 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upwards. 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 55.05. Where can we expect a rebound again and an attempt to increase…
Bitcoin Cash completes the trading week at 253.54 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, prices have broken the area between the signal lines upwards, 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 225.05. From where a rebound is expected again and an…
Silver ends the trading week near the 24.21 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices moved up from 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 correction in the value of an asset and a test of the support level near the 22.05 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 fall and were able to leave the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing 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 1.1789. As part of the Forex forecast for November 13, 2020, we should expect an attempt at a bullish correction and a test of the resistance level…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the bearish Wolfe Wave pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3185. Moving averages indicate a short-term bullish trend. Prices went up the area between the signal lines, which indicates pressure from buyers of the currency pair and a 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 downward channel. Moving averages indicate a short-term bullish trend. Prices have broken 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 0.7268. At the moment, we should expect an attempt to develop growth and test the resistance area near the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.30. Moving averages indicate a short-term bearish trend for the pair. Prices broke up the area between the signal lines, 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 November 13, 2020,…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 43.85 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went above 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 already from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of $ 42.45 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3065. 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 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 a decline and a test of the support level…