Author: forex24pro

Bitcoin BTC/USD ends the trading week at 7861 and continues to move as part of the growth and the development of the «Wedge» reversal model. Moving averages indicate a downward trend. Prices are testing the area between the signal lines, which indicates a potential drop from the current value levels of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6775. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12545. Bitcoin…

Ethereum ETH/USD closes the trading week at 137.29 and continues to move as part of the correction and the formation of the «Wedge» reversal pattern. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of ​​105.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 250.65. Ethereum Forecast and Analysis January 13 — 17, 2020 An additional signal in favor of an increase in the ETH/USD quotes for…

Ripple XRP/USD end the trading week at 0.2034 and continue to move within the correction and the downward channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the continuation of the fall and test the support area near 0.1625. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3555 as part of the development of the bullish «Wolfe Wave» model. Ripple Forecast and Analysis January…

Litecoin LTC/USD ends the trading week at 45.22 and continues to move as part of the correction and the formation of the «Wedge» model. Moving averages indicate a bearish trend, which remains quite strong, prices continue to push from the area between the signal lines. This indicates continued pressure from sellers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 36.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 85.55. Litecoin Forecast and Analysis…

Bitcoin Cash ends the trading week at 248.88 and continues to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate a bearish trend, which remains strong. As you can see, prices are testing the area of ​​signal lines, which indicates a potential drop from current levels. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to continue to fall in the value of the digital asset and test the support area near the level of 175.05. Where again, a rebound and an…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, indicating a probable upward rebound. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1102. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1205 area. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area below…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3030. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3095. Where again we should expect a rebound and a continued fall in quotations of the British Pound currency pair against the US Dollar. The purpose of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines, 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 0.6857. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6935. Further, the rebound and the beginning of the fall of quotations in the area…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of strong growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.41. Moving averages indicate the presence of a short-term lateral trend for the pair. As part of the forecast for the Japanese yen on January 10, 2020, we should expect an attempt to fall and test the support area near the level of 108.55. Further, the rebound and continued growth of the USD/JPY pair to the area above the level…

Brent continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 65.49 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the region of 65.05 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 72.55. Brent Crude Oil Forecast and…