Bitcoin BTC/USD closes the trading week at 9680 and continues to move as part of the correction after a strong price increase. Moving averages indicate a bullish trend. Prices were able to break through the area between the signal lines up, which indicates strong pressure from buyers. At the moment, we should expect an attempt to continue minor correction and test the support area near the level of 9225. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 14065. Bitcoin Forecast and Analysis February 24 — 28,…
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 258.88 and continues to move as part of the growth. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines up, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 210.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 385.05. Ethereum Forecast and Analysis February 24 — 28, 2020 An additional signal in…
XRP/USD nd the trading week at the level of 0.2717 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines up, which indicates pressure from the bulls. At the moment, we should expect an attempt to start the development of the correction and test the support area near 0.2225. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.5005. XRP Forecast and Analysis XRP/USD February 24 — 28, 2020 An additional signal…
Litecoin LTC/USD ends the trading week at 71.27 and continues to move as part of the growth and bullish channel. Moving averages indicate a bearish trend, but the lines almost crossed in favor of growth, so soon we should expect confirmation of the development of an upward trend. Prices pierced the area between the signal lines up. This indicates pressure from buyers 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 53.05. Where again we should expect a rebound and an attempt to…
Bitcoin Cash ends the trading week at 378.20 and continues to move as part of the correction after strong growth. Moving averages indicate a bullish trend. Prices go to test the area between the signal lines, which indicates pressure from the sellers of the coin, but the growth potential is still there. 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 335.05. Where again, a rebound is expected and an attempt to grow…
Silver complete the trading week near the area of 18.54. Quotes continue to move in the framework of growth and the rising channel. At the moment, we should expect an attempt to fall and test the support level near the area of 17.65. Further, the beginning of the growth in the price of Silver with a potential target above the level of 20.45. Silver Weekly Forecast and Analysis February 24 — 28, 2020 In favor of the growth of quotations and prices for Silver in the current trading week February 24 — 28, 2020, a test of the support line…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices went far from the area between the signal lines, indicating pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0813. As part of the FOREX forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0895. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2872. Moving averages indicate a short-term bearish trend. Prices pushed from the area between the lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the British Pound and test the resistance area near the level of 1.2945. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the beginning of the development of the «Triangle» model. 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 0.6626. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6655. Further, the rebound and the beginning of the fall of quotations…
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 111.97. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from buyers. As part of the forecast for the Japanese Yen on February 21, 2020, we should expect an attempt to slightly decrease and test the support area near the level…