Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9051. The pair 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 American currency and a potential continuation of the instrument’s growth from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support area near the level of 0.8765. Next, a rebound upwards 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 the level of 68407 and continues to move as part of 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 64105. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 3745 and continues to move within the growth 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 can expect an attempt to develop a price decline and a test of the support level near the 3195 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 31.05 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 area of 28.15. Next, the price of Silver will continue to rise with a potential target above…
SOL/USD quotes is trading at the time of publication of the forecast at 166.05, continuing to move within the correction and bullish channel. Moving averages indicate a short-term bullish trend for the coin. Prices have broken through the area with upward signal lines, which indicates pressure from coin buyers and potential continued growth from current levels. As part of the SOL/USD rate forecast, it is worth considering an attempt to develop a minor correction in the value of a digital asset and a test of the support area near the level of 150.65. From where again a rebound is expected…
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 5243. At the moment, we can expect an attempt to develop a correction and a test of the support level near the 5045 area. From…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and has left the bullish channel. There is still potential for the formation of a Double Top reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotes for the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0813. As part of…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of growth and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2713. 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 potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the correction and the formation of the “Head and Shoulders” pattern. 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 0.6611. At the moment, we should expect an attempt to develop…
The quotes of the USD/JPY currency pair continue to move as part of the development of a correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.99. 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 forecast for the Japanese Yen rate on May 31, 2024, we should expect an attempt to…