Bitcoin Cash ends the trading week at 233.22 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing 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 raise the value of a digital asset and a test of the resistance area near the level of 235.95. From where a rebound is expected again and an attempt to fall Bitcoin Cash with…
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.
Silver close the trading week near the 22.57 area. Quotes continue to move within the framework of strong growth. 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 the current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 21.05 area. Further, the continued growth in the price of Silver with a potential target above the level of 26.05. Silver Weekly Forecast and Analysis July 27…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have moved far up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1610. As part of the Forex forecast for July 24, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1665 area. Further, the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a large reversal pattern «Head and Shoulders». A bearish «Wolfe Wave» pattern is also forming. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2741. Moving averages indicate a short-term bullish trend. Prices bounced off 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 develop the growth of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. 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. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7111. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 0.7055. Further, a rebound and continued growth of quotations to…
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 «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.82. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from US Dollar sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for July 24, 2020, we should…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 43.70 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of «Black Gold» and a potential continued growth in the value of the asset. At the moment, we should expect an attempt at correction and a test of the support level near the area of $ 42.75 per barrel. Further, the continued growth of the oil rate…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3369. Moving averages indicate a short-term bearish trend for the pair. Prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price decline in the near future. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1.3410 area. Further,…
GOLD continue to move within the growth and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1887 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the asset and potential continued growth. At the moment, we should expect an attempt to develop a correction and test the support level near the 1845 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…
Silver continue to move within the framework of a steady growth and an upward channel. At the time of the publication of the forecast, Silver prices are $22.60. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 21.25 area. Where can we expect a rebound and continued growth in…