BTC/USD quotes are trading at 76156 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of the bearish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 8, 2025, we should expect an attempt to develop an increase in the value of the digital asset and a…
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.
ETH/USD quotes are trading at 1481 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the coin and a test of the resistance level near the 1665 area. From where we should again expect a downward rebound in prices and a…
The Euro Dollar EUR/USD currency pair ends the trading week with a fall near the level of 1.1064. The moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD quotes and a test of the resistance area near the level of 1.1165. From where a downward rebound and…
BRENT oil quotes are ending the trading week near the $68.94 per barrel area. Moving averages indicate a bearish trend. Prices have broken through the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 64.05. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $75.05 per barrel. Brent Weekly Forecast April 7 — 11, 2025 An additional…
The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of the development of growth and a bullish channel near the level of 1.3063. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop growth and a test of the resistance area near the level of 1.3145. Then, a rebound downwards and a…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6237 area. There is still potential for the formation of the “Head and Shoulders” reversal pattern. The pair continues to move within the development of the fall and the descending channel. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong decline within the bullish channel. The moving averages indicate an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the 1.4045 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4435 level. USD/CAD Weekly Forecast April 7 — 11,…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline within the formation of the bullish “Wolf Wave” pattern near the 145.95 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 145.05 area. Then, an upward rebound and continued growth of the pair…
GOLD ends the trading week with aggressive growth near the 3101 area. XAU/USD quotes continue to move within the correction and bullish channel. Moving averages indicate an upward trend in Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 3005 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above the…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are ending the trading week with a correction near the 0.5717 level. Moving averages indicate a bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5795. Then, a rebound…