Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9152. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. Prices are testing 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 increase prices and test the resistance area near the level of 0.9225. Further, a rebound and an attempt to continue the fall of the pair with a potential target below 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.
Bitcoin BTC/USD ends the trading week at 13306 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 11455. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 16335. Bitcoin Forecast and Analysis…
Ethereum ETH/USD completes the trading week at 378.27 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 340.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the…
XRP/USD end the trading week at 0.2343 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 are again testing 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 0.1805. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the…
Litecoin LTC/USD completes the trading week at 52.92 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 46.05. Where can we expect a rebound again and an attempt to increase…
Bitcoin Cash ends the trading week at 256.77 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 through the area between the signal lines upward, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD 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 205.05. From where a rebound is expected again and an…
Silver ends the trading week near the 23.59 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices continue to test the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from 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 22.25 area. Further, the continued growth in the price of Silver with a potential target above the level of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall 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 0.7037. At the moment, we should expect an attempt to continue the development of a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. 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 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 Euro/US Dollar rate is 1.1674. As part of the Forex forecast for October 30, 2020, we should expect an attempt of a downward correction and a test of the resistance level near the 1.1735…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the downward channel. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2930. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the instrument’s fall. 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 near the…