Bitcoin BTC/USD ends the trading week at the level of 9101 and continues to move as part of the correction and the formation of the reversal model of the inverted «Head and Shoulders». Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 9355. Where again we should expect a rebound and the continuation of 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.
Ethereum ETH/USD closes the trading week at 226.07 and continues to move as part of the correction and the downward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are pushing away from the area between the signal lines, which indicates pressure from cryptocurrency buyers and the potential continuation of growth from current levels. At the moment, we should expect an attempt to grow and test the resistance level near the area of 235.05. Where again we should expect a rebound and continued decline in the rate and cost of Ethereum with a potential target below 125.55. Ethereum Forecast…
XRP/USD end the trading week at 0.1745 and continue to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and the potential drop in cryptocurrency from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.1895. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1125. XRP Forecast and Analysis XRP/USD July 6 — 10, 2020…
Litecoin LTC/USD ends the trading week at 40.99 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines. This indicates pressure from the sellers of the digital asset and the potential continuation of the fall in the rate of Litecoin in the current trading week. At the moment, we should expect an attempt to develop a slight bullish correction and a test of the resistance area near the level of 43.05. Where again we…
Bitcoin Cash ends the trading week at 221.67 and continues to move as part of the fall and the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. Prices pushed down from the area between the signal lines, indicating pressure from coin sellers and a potential continuation of the fall. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 245.65. Where again, a rebound is expected and an…
Silver complete the trading week near the area of 17.98. Quotes continue to move as part of the correction and the formation of a reversal pattern of the inverted «Head and Shoulders». Moving averages indicate a bullish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from metal buyers and the potential continuation of growth from current levels. At the moment, we should expect an attempt to reduce the value of the asset and a test of the support level near the 16.45 area. Further, the beginning of the rise in the price of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Triangle» model, the uncertainty still remains until the model goes beyond the limits. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and the potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1231. As part of the FOREX forecast for July 3, 2020, we should expect an attempt to develop a fall…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a reversal model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2461. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to develop a depreciation of the British Pound against the US Dollar and a test of the support area near the level of 1.2345. Where again…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6921. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6875. Further, the rebound and continued growth of quotations to the area above the level of 0.7065.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.54. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and the potential continuation of price increases. As part of the forecast for the Japanese Yen on July 3, 2020, we should expect an attempt to develop…