Ethereum ETH/USD closes the trading week at 130.19 and continues to move as part of the fall. Moving averages indicate a bullish trend for ETH/USD. Prices have broken down the area between the signal lines, which indicates pressure from cryptocurrency sellers. At the moment, we should expect an attempt to reduce and test the support level near the area of 65.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 245.05. Ethereum Forecast and Analysis March 23 — 27, 2020 An additional signal in favor of raising the ETH/USD quotes…
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 0.1555 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.1005. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3265. XRP Forecast and Analysis XRP/USD March 23 — 27, 2020 An additional signal in favor of the growth of…
Litecoin LTC/USD closes the trading week at 37.66 and continues to move as part of the fall and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down. This indicates pressure from sellers of the digital asset. At the moment, we should expect an attempt to develop a slight correction and test the support area near the level of 22.65. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 85.05. Litecoin Forecast and Analysis…
Bitcoin Cash ends the trading week at 218.73 and continues to move as part of a bullish correction. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from the sellers of the coin. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 115.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 425.05 are expected.…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are repelled from the region by signal lines, which indicates pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0792. As part of the Forex forecast, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 1.0895. Further, the rebound and continued fall of the Euro/Dollar currency…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.1550. Moving averages indicate a short-term bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to develop a bullish correction of the British Pound and a test of the resistance area near the level of 1.1755. Where again…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices pushed from the area between the signal lines, indicating 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 0.5708. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.5920. Further, the rebound and continued fall of quotations in the area below 0.5185. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.89. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone far up from the area between the signal lines up, indicating pressure from buyers of the US Dollar. As part of the forecast for the Japanese Yen rate on March 20, 2020, we should expect an attempt to slightly…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 25.99 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have gone down from the area between the signal lines, indicating pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of $ 28.55 per barrel. Further, the continuation of the fall in the oil rate to the area…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4577. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.4235. Further, the rebound and the continued rise of the currency pair on Forex. The potential target of this movement of the instrument is the area above…