Bitcoin BTC/USD ends the trading week at 9661 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 pierced the area between the signal lines up, 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 10055. Where again we should expect a rebound and the continuation of the fall 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 241.18 and continues to move as part of the growth and downward channel. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 249.35. Where again we should expect a rebound and a continued decline in the rate and cost of Ethereum with a potential target below 130.05. Ethereum Forecast and Analysis June 8 — 12, 2020 An…
XRP/USD complete the trading week at the level of 0.2005 and continue to move as part of 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 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 0.2295. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.0955. XRP Forecast and Analysis XRP/USD June 8 — 12,…
Litecoin LTC/USD ends the trading week at 46.81 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing 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 47.95. Where again we should expect a rebound and an attempt to…
Bitcoin Cash ends the trading week at 255.96 and continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers and the 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 265.05. Where again, a rebound is expected and an attempt to drop Bitcoin…
Silver complete the trading week near the area of 17.59. Quotes continue to move within the correction and the downward channel. At the moment, we should expect an attempt to reduce the value of the asset and a test of the support level near the 16.35 area. Further, the beginning of the rise in the price of Silver with a potential target above the level of 21.55. Silver Weekly Forecast and Analysis June 8 — 12, 2020 In favor of the rise in quotations and prices for Silver in the current trading week June 8 — 12, 2020 a test…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices went far up from the area between the signal lines, which indicates pressure from buyers of the European currency and the potential continuation of the rise of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1334. As part of the FOREX forecast for June 5, 2020, we should expect an attempt to develop a correction and a test of the support level near the 1.1155 area.…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2597. Moving averages indicate a short-term bearish trend. Prices have moved away from 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 the growth of the British Pound against the US Dollar and a test of the support area near the level of 1.2425. Where again we should expect a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. Moving averages indicate a short-term bullish trend. Prices have gone far 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 Australian Dollar to US Dollar rate is 0.6932. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6775. Further, the rebound and continued growth of quotations to the area above 0.7175. AUD/USD Forecast…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of strong growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.98. Moving averages indicate a short-term bullish trend for the pair. Prices left the region with signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of the rise in prices. As part of the forecast for the Japanese Yen on June 5, 2020, we should expect an attempt to…