Bitcoin BTC/USD ends the trading week at 10944 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 9565. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of…
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.
Ethereum ETH/USD ends the trading week at 363.82 and continues to move within the correction and the upward channel. Here, the “Diamond” model is formed, in case of a breakdown of the pattern upward, one should expect a strong growth in the value of the asset. The cryptocurrency rate can also be supported by the fact that Uniswap launched its own UNI token. At this point, there was a strong increase in the network hash rate to the level of 2018, and Ethereum miners received a maximum commission of almost one million dollars per hour. Moving averages indicate a bullish…
XRP/USD end the trading week at 0.2490 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 0.1675. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the…
Litecoin LTC/USD completes the trading week at the level of 48.34 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a sideways 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 45.65. Where can we expect a rebound again and…
Bitcoin Cash ends the trading week at 235.27 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. However, prices have broken down the area between the signal lines, 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 200.55. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…
Silver ends the trading week near the 26.96 area. Quotes continue to move within the correction and the upward channel. As you can see, the current levels are a serious resistance on the way of buyers, the upward breakdown did not take place. Moving averages indicate a bullish trend for the pair. Prices moved up from 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 the asset and a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Triangle” model. 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 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 1.1816. As part of the Forex forecast for September 18, 2020, we should expect an attempt to grow and test the resistance level near the 1.1855…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the British Pound/US Dollar rate on Forex is 1.2916. 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 asset’s fall. 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 1.2965. Where again should we…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a large reversal pattern “Head and Shoulders”. There is also a potential for the formation of a descending “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7292. At the moment, we…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.66. 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 exchange rate for September 18, 2020,…