Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9027. The pair continues to move within the framework of growth development and has left the bearish channel. Moving averages indicate a bearish 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 decline and a test of the support area near the level of 0.8745. Next, a rebound upwards and an attempt…
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 66908 and continues to move as part of the development of the correction 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 asset and a potential continued growth in the asset’s quotes. At the moment, we should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 65605. From where we can again expect…
Ethereum ETH/USD ends the trading week at 3277 and continues to move within the bearish 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 2965 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…
Litecoin LTC/USD ends the trading week at 98.96 and 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. 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 decline and test the support area near the level of 90.45. From where we can again expect a rebound upward and an attempt to continue to grow in the value of…
Quotes of Silver XAG/USD end the trading week near the 26.79 area. Quotes continue to move within the framework of growth and the beginning of the development of the “Triangle” model. 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 minor bearish correction in the value of the asset and a test of the support level near the 25.55 area. Next, the price of Silver…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and the bearish channel. Moving averages indicate the presence of a short-term bearish 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 1.0772. As part of the Forex forecast for April 4, 2024, we should expect an…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2572. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop a rise in the rate of the British Pound against the American Dollar…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.6503. At the moment, we should expect an attempt to develop growth and test the resistance area…
The quotes of the USD/JPY currency pair continue to move as part of the development of growth and the formation of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 151.70. 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 exchange rate on April 4, 2024, we should expect…
The quotes for Brent continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $88.82 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Black Gold and a potential continuation of growth in the value of the asset from current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the…