Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8938. The pair continues to move as part of the development of the fall and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s decline from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 0.8975. Next, a rebound downwards and an attempt to continue the…
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.
Bitcoin BTC/USD ends the trading week at 66974 and continues to move as part of the development of the correction and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we can expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 58045. From where we can again expect a rebound upward and continued growth of…
Ethereum ETH/USD ends the trading week at 3520 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 3245 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level…
Quotes of Silver XAG/USD end the trading week near the 29.02 area. Quotes continue to move within the bearish correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the asset and a test of the support level near the 27.65 area. Next, the price of Silver will continue to rise with a potential target above…
Litecoin LTC/USD ends the trading week at 79.49 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin price in the current trading week. At the moment, we should expect an attempt to develop a price correction and a test of the support area near the level of 66.75. From where we can again expect a rebound upward and an attempt to continue to…
Quotes of the S&P 500 stock index continue to move within the growth and bullish channel. Moving averages indicate a short-term upward trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market from current levels. At the time of publication of the forecast, the index is trading at the level of 5435. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 5285 area.…
The Notcoin NOT/USD cryptocurrency is completing the trading week as part of a correction and the formation of a “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the Notcoin rate is 0.0185. Moving averages indicate a short-term bearish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. As part of the technical analysis of Notcoin, we should expect an attempt to develop a bearish correction in the coin’s rate…
BNB/USD quotes are trading at 604 and continue to move within the correction and bullish channel. Moving averages indicate a short-term upward trend for Binance Coin. Prices have broken through the area between the signal lines upward, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a small correction in the value of the digital asset and a test of the resistance level near the 485 area. From where we can again expect a rebound upward and continued growth in the…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development 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 have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0805. As part of the Forex forecast for June 14, 2024, we…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2791. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop a depreciation of the British Pound against the American Dollar and a test of the support area near the…