BTC/USD quotes are trading at 69788 and continue to move within the development of growth and a descending channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, July 30, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support…
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 3373 and continue to move within the framework of the growth and bullish channel development. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset’s value from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 3175 area. From where we should again expect an upward price rebound and continued growth in the Ethereum rate…
Stock index S&P 500 continue to move within the growth and downward channel. The moving averages indicate the presence of a short-term downward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the fall of the stock index on the market from the current levels. At the time of the publication of the forecast, the index is trading at 5525. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 5495 area. Where should we…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0850 area. The moving averages indicate 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 slight fall in the EUR/USD quotes and a test of the support area near the 1.0745 level. From where an upward rebound and continued rise…
BRENT oil quotes are ending the trading week near the $81.35 per barrel area. There is still potential for the completion of the Triangle pattern. The moving averages indicate a bullish trend. Prices have broken 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 77.65. Then, we should consider an upward rebound and continued growth of oil to the area above the…
The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of growth development near the level of 1.2867. 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 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 a decline and test the support area near the level of 1.2795. Next, an upward rebound and a continuation of the rise in Pound Dollar…
The currency pair Australian Dollar to US Dollar AUD/USD is ending the trading week near the 0.6555 area. The pair continues to move within the framework of the decline and the formation of the “Triangle” pattern. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, 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 bullish correction and a test of the resistance area near the 0.6605 level. Then, a rebound and a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with aggressive growth within the bullish channel. The moving averages indicate a bullish trend. 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 in the near future. At the moment, we should expect an attempt to develop a fall and test the support level near the 1.3735 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4345 level. USD/CAD Forecast and Analysis July 29 —…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a strong fall near the 154.01 area. The pair continues to move within the fall and the ascending channel. The moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 150.55 area. Then, an upward rebound and continued growth of the pair to the area…
GOLD ends the trading week with growth near the 2370 area. XAU/USD quotes continue to move within the correction and after updating the historical maximum. 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 slight price correction and test the support level near the 2355 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2665 level. GOLD Forecast and Analysis…