Bitcoin BTC/USD ends the trading week at 7574 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, which indicates pressure from sellers and a potential drop from current levels. At the moment, we should expect an attempt to continue the correction and test the resistance area near the level of 8215. Where again we should expect a rebound and the continuation of the fall of the Bitcoin rate with a potential target below the level of 3650. Bitcoin Forecast and Analysis…
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 186.76 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend for ETH/USD. Prices have pierced the area between the signal lines up, 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 195.05. Where again we should expect a rebound and a continued decline in the rate and cost of Ethereum with a potential target below 75.05. Ethereum Forecast and Analysis April 27 — May 1, 2020 An…
XRP/USD end the trading week at 0.1932 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 a potential drop already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.2245. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.0855. XRP Forecast and Analysis XRP/USD April 27 — May 1, 2020 An additional…
Litecoin LTC/USD ends the trading week at 43.85 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices test 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 correction and test the resistance area near the level of 55.05. Where again we should expect a rebound and an attempt to start a fall…
Bitcoin Cash ends the trading week at 238.82 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from coin sellers. 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 285.05. Where again, a rebound is expected and an attempt to drop Bitcoin Cash with a potential target below the level of 145.05.…
Silver complete the trading week near the area of 15.20. Quotes continue to move within the bullish correction and the downward channel. At the moment, we should expect an attempt to continue the growth of the asset value and a test of the resistance level near the area of 16.50. Further, the beginning of the fall in the price of Silver with a potential target below 12.45. Silver Weekly Forecast and Analysis April 27 — May 1, 2020 In favor of falling quotes and prices for Silver in the current trading week April 27 — May 1, 2020 a test…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the start of development of the «Triangle» model. Moving averages indicate a short-term bearish trend for the pair. Prices push from the area between the signal lines down, which indicates pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0805. As part of the FOREX forecast for April 24, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0825. Further, the rebound and continued fall of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2367. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to develop the growth of the British Pound and a test of the resistance area near the level of 1.2485. Where again we should expect a rebound and a continued…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6365. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6395. Further, the rebound and continued fall of quotations to the area below 0.6025.…
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 exchange rate of the US Dollar to the Japanese Yen is 107.52. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the US Dollar. As part of the forecast for the Japanese Yen on April 24, 2020, we should expect an attempt to develop a…