Bitcoin BTC/USD ends the trading week at 7114 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 strong 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 8205. 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 3550. Bitcoin Forecast and…
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 170.09 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend for ETH/USD. Prices are testing the area between the signal lines, which indicates pressure from cryptocurrency sellers. 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 65.05. Ethereum Forecast and Analysis April 20 — 24, 2020 An additional signal…
XRP/USD complete the trading week at 0.1869 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed from 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 0.2255. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.0875. XRP Forecast and Analysis XRP/USD April 20 — 24, 2020 An additional signal in favor…
Litecoin LTC/USD ends the trading week at 41.77 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. 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 50.05. Where again we should expect a rebound and an attempt to start a fall…
Bitcoin Cash ends the trading week at 233.89 and continues to move as part of the bullish 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 275.05. Where again, a rebound is expected and an attempt to drop Bitcoin Cash with a potential target below the level of…
Silver complete the trading week near the area of 15.12. Quotes continue to move within the bullish correction and the downward channel. At the moment, we should expect an attempt to continue the growth in the value of the asset and a test of the resistance level near the area of 16.45. Further, the beginning of the fall in the price of Silver with a potential target below 11.35. Silver Weekly Forecast and Analysis April 20 — 24, 2020 In favor of falling quotes and Silver prices in the current trading week, April 20 — 24, 2020, a test of…
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 pierced the area between the signal lines down, indicating pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0829. As part of the Forex forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 1.0885. Further, the rebound and continued growth of the Euro/Dollar currency pair.…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and downward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2427. Moving averages indicate a short-term bullish trend. Prices have pierced the area between the signal lines down, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of the growth of the British Pound and test the resistance area near the level of 1.2565. Where again we should expect a rebound and a continued fall in the quotes of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the rising channel. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines up, 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 0.6282. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6315. Further, the rebound and the continued fall of quotations in the area below 0.5945. AUD/USD Forecast…
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 «Double Bottom» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.71. 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 17, 2020, we should expect an attempt to develop a correction…