Bitcoin BTC/USD ends the trading week at 67365 and continues to move within the development of growth and a 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 63405. From where we can again expect a rebound upward and continued growth of the Bitcoin…
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 3688 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop a price decline and a test of the support level near the 3225 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…
Litecoin LTC/USD ends the trading week at 85.22 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from buyers of the digital asset and potential continued growth in the Litecoin rate 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 71.65. From where we can again expect a rebound upward and an attempt to continue to grow in the value…
Quotes of Silver XAG/USD end the trading week near the 30.53 area. Quotes continue to move within the growth 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 27.75 area. Next, the price of Silver will continue to rise with a potential target above the…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a correction and a bearish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth 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 1.0817. As part of the Forex forecast for May 24, 2024, we should expect an attempt to develop price…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of growth development and has left the bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2721. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, 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…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the fall and the completion of the formation of the “Expanding Formation” model. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6619. At the moment, we should expect an attempt…
The quotes of the USD/JPY currency pair continue to move as part of the development of growth and the beginning of the development of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.59. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for May 24, 2024, we should…
Brent oil quotes continue to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, the price of Brent oil is $81.63 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Black Gold and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a fall and test the support level near the area of…
The currency pair USD/CAD continues to move as part of the development of growth and the beginning of the development of the “Wedge” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3683. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and the potential continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop a price fall and a test of…