Litecoin LTC/USD ends the trading week at 84.32 and continues to move within the framework of strong growth and a bullish channel. Moving averages indicate a bearish 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 a test of the support area near the level of 78.55. From where we can again expect a rebound upward and an attempt to continue…
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.
Quotes of Silver XAG/USD end the trading week near the 22.70 area. Quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the metal and a potential continuation of the fall 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 area of 22.05. Further, the price of Silver will continue to…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a correction and a bearish channel. There is still potential for the formation of a Double Top reversal pattern. Moving averages indicate a short-term bearish 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 1.0815. As part of the Forex…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of a bullish correction and a downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2643. 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 rise in the rate of the British Pound against the American…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the fall and the bearish channel. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines downwards, 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 0.6538. At the moment, we should expect an attempt to develop a bullish correction and a…
The quotes of the USD/JPY currency pair continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.67. 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 March 1, 2024, we should expect an attempt to develop a…
The quotes for Brent continue to move as part of the development of the correction and the formation of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent oil is $81.86 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing the area between the signal lines, 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…
The currency pair USD/CAD continues to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3579. 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 correction and a test of the support level near the 1.3535 area.…
The quotes of XAU/USD continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Gold is 2026 Dollars per Troy Ounce. 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 asset and potential continued growth from current levels. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 2010 area. From where we can expect a rebound upward and continued…
The quotes of XAG/USD continue to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, prices for Silver are 22.52. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in value from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of 22.55. Where can we…