Bitcoin BTC/USD ends the trading week at 11793 and continues to move as part of the growth and upward channel. Moving averages indicate a bullish trend. An important area of support is located near the level of 9000. It is worth noting that the cryptocurrency rate continues to grow at a time when the general mood of the cryptocurrency market looks bearish. At the moment, we should expect an attempt to correct and test the support area near the level of 10550. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate…
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 ends the trading week at 209.11 and continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the support level near the area of 180.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 325.00. Ethereum Forecast and Analysis August 12 — 16, 2019 In favor of raising the ETH/USD quotes for the current trading week, August 12 — 16, 2019, a test of the…
Ripple XRP/USD end the trading week at 0.2945 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near 0.3595. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1650. Ripple Forecast and Analysis August 12 — 16, 2019 In favor of reducing the XRP/USD quotes in the current trading week, August 12 — 16, 2019, a test of the downward trend line on the relative strength index (RSI)…
Litecoin LTC/USD ends the trading week at 85.43 and continues to move as part of the correction. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue the correction and test the support area near the level of 75.00. Where again we should expect a rebound and an attempt to continue growth in Litecoin with a potential target above the level of 175.00. Litecoin Forecast and Analysis August 12 — 16, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week on August 12 — 16, 2019…
Bitcoin Cash ends the trading week at 313.99 and continues to move as part of the decline and the rising channel. Moving averages indicate a lateral trend. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to correct and test the resistance area near the level of 345.00. Where again, a rebound is expected and an attempt to continue the fall of Bitcoin Cash with a potential target below the level of 125.00. Bitcoin Cash Forecast and Analysis August 12 — 16, 2019 An additional signal in favor of falling…
Currency pair Euro/Dollar EURUSD continues to move as part of the upward correction and the bearish channel. Moving averages indicate the presence of a short-term bearish trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1210. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1235. Further, a rebound and the beginning of a decline in the Euro/Dollar currency pair. The potential target of this movement is the area below the level of 1.0995. EUR/USD Forecast Euro Dollar August 9, 2019 An…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2136. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to increase the rate and test the resistance area near the level of 1.2175. Where again we should expect a rebound and the continued fall of the British Pound against the US Dollar. The target of the downward movement of the currency pair, in the framework of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6812. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6865. Further, a rebound from the resistance level and continued decline in quotations to the area below 0.6575. AUD/USD Forecast Australian Dollar August 9, 2019 In favor of reducing the pair AUD/USD, a test of the…
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 «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.08. Moving averages indicate the presence of a short-term downtrend for the pair. As part of the forecast for the Japanese Yen on August 9, 2019, we should expect an attempt to develop growth and test the resistance area near the level of 106.65. Further, the rebound and continued fall of the pair…
Brent continue to move as part of the fall. At the time of the publication of the forecast, the price of BRENT oil is 57.45 dollars per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we should expect an attempt to grow and test the resistance level near the area of 58.35 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 52.85. BRENT Crude Oil Forecast and analysis August 9, 2019 In favor of rising quotes and BRENT oil prices, a test of the…