Ethereum ETH/USD ends the trading week at 583.66 and continues to move within the growth and 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 480.55 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target 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.
XRP/USD end the trading week at 0.5312 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 0.3985. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.8845. XRP Forecast and Analysis…
Litecoin LTC/USD ends the trading week at 82.69 and continues to move as part of the growth and the start of the “Triangle” pattern. 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 72.25. Where can we expect a rebound again and an attempt to increase the…
Bitcoin Cash completes the trading week at 287.92 and continues to move as part of the correction and the beginning of the “Triangle” pattern. Moving averages indicate a bullish trend. 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 245.05. From where again a rebound is expected and an attempt…
Silver are completing the trading week near the 24.06 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 correction in the value of an asset and a test of the support level near the 20.55 area. Further, the continued growth in the price of Silver with a potential target…
Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and the formation of a bearish “Wolfe Wave” pattern, the pattern allows movement to the level of the swath zone. 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 rate of the Euro to the US Dollar is 1.2066. As you can see, after a strong fear,…
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 1.3300. Moving averages indicate a short-term bullish trend. Prices are again testing 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the downward ”Wolfe Wave” pattern. The “Double Top” reversal pattern is also formed here. 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 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 0.7360. At…
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 “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.49. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken up the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of the price growth from the current levels. As part of the forecast for the Japanese Yen rate…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 47.36 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing 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 correction and a test of the support level near the area of $ 46.45 per…