BTC/USD quotes are trading at 63737 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of 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 fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 27, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of…
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 are trading at 2729 and continue to move within the development of a bullish correction and a descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin’s value and a test of the resistance level near the 2765 area. From where we should again expect a downward rebound in prices and a continuation…
The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the growth development near the level of 1.1124. The moving averages indicate the presence of a bullish 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 a minor correction in the EUR/USD quotes and a test of the support area near the…
BRENT oil quotes are ending the trading week near the area of 77.15 dollars per barrel. There is still potential for completing the formation of the “Triangle” model. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 75.35. Then, we should consider an upward rebound and continued growth of oil to…
The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of growth development near the level of 1.3131. 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 buyers and 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 1.2985. Next, an upward rebound and continuation of the growth of Pound Dollar quotes…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6728 area. The pair continues to move within the framework of the rise and the formation of the “Triangle” pattern. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of the currency pair. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the 0.6575 level. Then, an upward rebound and continued…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline. 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 currency pair and a potential continuation of the decline in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3635 area. Then, a downward rebound and a continuation of the fall in quotes with a target below the level of 1.3225. USD/CAD Forecast and Analysis August 26…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 145.97 area. The pair continues to move within the bullish correction and bearish channel. 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 bullish price correction and a test of the resistance level near the 147.65 area. Then, a downward rebound and a continuation of the…
GOLD ends the trading week with growth near the 2500 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish trend for 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 price correction and test the support level near the 2445 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2775 level. GOLD Forecast and Analysis August 26 — 30,…
Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of the rise near the level of 0.6156 and the formation of the “Triangle” model. 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 currency pair and potential continuation of growth from the current levels on the market. At the moment, we should expect an attempt to develop an increase in the currency pair on Forex and a test of the resistance area near the level…