Ethereum ETH/USD ends the trading week at 390.81 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 355.85 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the…
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 0.2656 and continue to move as part of the correction and the downward channel. Moving averages indicate a bullish trend. Prices continue to remain above the area between the signal lines, which indicates pressure from buyers and the potential continued 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 0.2330. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.4415. XRP…
Litecoin LTC/USD completes the trading week at 57.21 and continues to move within the correction and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines. 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 45.55. Where can we expect a rebound again and an attempt to start the growth in the…
Bitcoin Cash ends the trading week at 267.47 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. 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 250.55. From where the rebound and growth of the fall of Bitcoin Cash is expected…
Silver ends the trading week near the 27.46 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 value of the asset and test the support level near the 25.45 area. Further, the continued growth in the price of Silver with a potential target above the…
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 Euro/US Dollar rate is 1.1795. As part of the Forex forecast for August 28, 2020, we should expect an attempt to grow and test the resistance level near the…
Currency pair Pound/Dollar GBP/USD ccontinues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern, here we also did not go into working out the “Head and Shoulders” reversal pattern. This indicates pressure from buyers of the asset. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3183. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Wedge» reversal pattern, as we see the sellers failed to go into working out the «Head and Shoulders» model. 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 currency pair and a potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7241. At the moment, we should expect an attempt…
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 106.67. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upward, which indicates pressure from US Dollar buyers and a potential continuation of price growth. As part of the forecast for the Japanese Yen rate for August 28, 2020, we should expect…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.39 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from buyers of «Black Gold» and a potential continuation of the asset’s price growth. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.75 per barrel. Further, the continued growth of the oil rate to the area…