Author: forex24pro

XRP/USD end the trading week at 0.2385 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 0.1725. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above…

Litecoin LTC/USD ends the trading week at the level of 47.88 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 40.45. Where can we expect a rebound again and…

Bitcoin Cash completes the trading week at 224.50 and continues to move in the fall and downtrend channel. Moving averages indicate a bearish 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 a digital asset and a test of the support area near the level of 185.05. From where a rebound is expected again and an attempt to grow the Bitcoin…

Silver ends the trading week near the 26.70 area. Quotes continue to move as part of the correction and the formation of the “Triangle” model. As you can see, the current levels are a serious resistance on the way of buyers. Moving averages indicate a bullish trend for the pair. Prices bounced off 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 correct the asset value and test the support level near the 25.25 area. Further, the continued growth…

Beyond crypto regulations, scams, price volatility, scalability, hostile atmosphere, and other well-known, well-discussed cryptocurrency concerns; blockchain technologies and digital currencies adoption are reshaping the world. The revolution is happening. The digitization movement has just shifted into high gear; digital currencies face fiat currencies with fundamentally competitive imperatives that challenge the place of a centralized financial system in the future. The Road to Mass Adoption Bitcoin (BTC) is no longer a fringe thing known to few. The whole world, in theory, should love BTC, altcoins, and blockchain technology. For ordinary people, it is difficult to imagine a world where Bitcoin becomes…

What is Covesting? You must have heard about ChainLink (LINK), a decentralized oracle network that provides the real-world data to connect smart contracts. It is now a secure and intuitive number 5 cryptocurrency trading platform whose value has raised to about 100 times.  What’s next in the cryptocurrency that tends to trades even better in the future? Have you ever come across the term “Covesting”? Well, you must have! Covesting is a cryptocurrency exchange registered under the laws of Gibraltar that offers the best software solutions and allows the retail and institutional customers to trade the cryptocurrencies smartly. Covesting has…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 EUR/USD rate is 1.1780. As part of the Forex forecast for September 9, 2020, we should expect an attempt to grow and test the resistance level near the…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2994. Moving averages indicate a short-term bullish 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 of the asset. At the moment, we should expect an attempt to correct 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 fall. Moving averages indicate a short-term bearish trend. Prices have broken 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 0.7214. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.7275. Further, the rebound and the continuation…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.02. Moving averages indicate a short-term bullish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from the USD sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen exchange rate for September 9, 2020, we should expect…