BTC/USD quotes are trading at 69527 and continue to move as part of the correction and have left the bearish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, June 11, 2024, we should expect an attempt to develop a fall in the value of a digital asset and a test of the support level near…
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 3680 and continue to move as part of the development of the correction and bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the area of 3475. From where we can again expect a rebound in prices…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0893 area. Moving averages indicate a 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 likely continuation of growth from current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop the quotes of the EUR/USD pair and a test of the resistance area near the level of 1.0965. Where is the expected rebound downwards and the continuation of…
BRENT oil quotes end the trading week near the area of 79.88 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from commodity sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 76.75. Then, it is worth considering a rebound upward and continued growth of oil to the area above the level…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of growth development near the level of 1.2796. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from current levels. At this time, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2855. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6662 area. The pair continues to move as part of the development of a bullish correction and the formation of a large “Triangle” pattern. Moving averages indicate a bearish 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 value 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 level of…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a correction as part of the formation of the “Triangle” pattern near the level of 1.3682. The pair continues to move as part of the development of growth and the formation of the “Triangle” pattern. Moving averages indicate a bullish 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 in the near future. At the moment, we should expect an attempt to develop a decline and test the support level…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the 155.40 area. The pair continues to move within the growth 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 US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 155.05 area. Then, a rebound upward and continued growth of the pair to the…
GOLD ends the trading week with growth near the 2340 area. XAU/USD quotes continue to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend in GOLD. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 2315 area. Next, a rebound in prices and continued growth of GOLD with a potential target above the level…
Quotes of the currency pair New Zealand Dollar are completing the trading week as part of the development of a bullish correction near the level of 0.6190. Moving averages indicate a bearish trend for the pair. 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 growth from current levels in the market. At the moment, we should expect an attempt to develop a rise in the currency pair on Forex and a test of the resistance area near the level of 0.6235. Then, a…