Ethereum ETH/USD ends the trading week at 383.16 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 area of 315.55. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…
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 0.2496 and continue to move as part of the correction and the downward channel. 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 level of 0.4465. XRP Forecast…
Litecoin LTC/USD completes the trading week at 49.81 and continues to move within the correction and ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again. This indicates pressure from buyers of the digital asset and a potential continuation of the rise in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 43.35. Where can we expect a rebound again and an attempt to start the growth in the…
Bitcoin Cash ends the trading week at 229.41 and continues to move within the fall and the rising channel. Moving averages indicate a bullish trend. However, prices have broken the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 180.05. From where a rebound is expected again and an attempt to grow Bitcoin Cash with…
Silver are completing the trading week near the 26.59 area. Quotes continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bullish trend for the pair. Prices bounced off 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 correct the asset value and test the support level near the 25.25 area. Further, the continued growth in the price of Silver with a potential target above the level…
To trade in shares of stocks from companies, you need to sign up with an online trading platform or broker. It may seem like a simple decision, but every experienced trader will confirm how important this decision is for you as an investor. To make this choice, effort is required when doing due diligence checks on each platform as a means to maximize chances of success in making profits. One of the best trading platforms for any trader, beginner or seasoned, is the metatrader4 download. Features Once you have considered and outlined what you need a trading platform to do…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the upward channel. Moving averages indicate a short-term bullish trend for the pair. However, prices broke through the area between the signal lines downward, which indicates pressure from the 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 1.1830. As part of the Forex forecast for September 3, 2020, we should expect an attempt to grow and test the resistance level near the 1.1885 area. Further,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern at higher time intervals. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3311. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction. Moving averages indicate a short-term bullish trend. Prices broke the area between the signal lines downward, which indicates strong pressure from sellers of the currency pair and a potential continuation of the fall. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7315. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7345. Further, the rebound and the continuation of the fall…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.16. Moving averages indicate a short-term bearish trend for the pair. However, the area between the signal lines is being tested, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices. As part of the forecast for the Japanese Yen exchange rate for September 3, 2020, we should…