Litecoin LTC/USD ends the trading week at 80.91 and continues to move as part of strong 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 65.05. Where can we expect a rebound again and an attempt to increase 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 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 the coin’s buyers and a 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 230.55. From where a rebound is expected again and an…
Silver ends the trading week near the 24.16 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 metal buyers 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 the 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 the level…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the downward pattern “Wolfe Wave”, which is delaying its formation. Moving averages indicate a short-term bullish trend for the pair. Prices bounced back from the area between the signal lines upwards, 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 EUR/USD rate is 1.1878. As part of the Forex forecast for November 19, 2020, we should expect an attempt at a bullish correction and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the beginning of the development 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 1.3308. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, 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 0.7316. At the moment, we should expect an attempt to develop growth and test the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the ascending channel, here an inverted “Head and Shoulders” pattern is formed. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 103.69. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast…
Brent continue to move within the growth and upward channel and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 44.46 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up 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 correction and a test of the support level…
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 1.3070. Moving averages indicate a short-term bearish trend for the pair. Prices are bouncing off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price pair’s fall in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3145 area. Further,…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1883 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices push off from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1905 area. Where can we expect a rebound and the continuation of…