Ethereum ETH/USD ends the trading week at 342.08 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing 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 310.05 area. 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 0.2304 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal 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 0.1755. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the…
Litecoin LTC/USD ends the trading week at 44.39 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices broke the area between the signal lines down. 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 30.55. Where can we expect a rebound again and an attempt to start the growth in the…
Bitcoin Cash ends the trading week at 212.52 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. 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 a digital asset and a test of the support area near the level of 185.55. From where a rebound is expected again and an attempt to grow Bitcoin Cash…
Silver ends the trading week near the 23.19 area. Quotes continue to move within the framework of a strong fall and an upward channel. Moving averages indicate a bullish trend for the pair. Test prices are testing 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 19.35 area. Further, the continued growth in the price of Silver with a potential target…
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 are testing the area between the signal lines, 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 1.1658. As part of the Forex forecast for September 25, 2020, we should expect an attempt to grow and test the resistance level near the 1.1715 area. Further, the rebound…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2733. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the asset. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near the level of 1.2855. Where can we expect a rebound…
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 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 fall in the value of the instrument. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7040. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 Japanese Yen is 105.44. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, 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 for the Japanese Yen rate for September 25,…
Brent continue to move within the beginning of growth and an upward channel. Here, the “Triangle” model is formed. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.02 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt at correction and a test of the support level…