Litecoin LTC/USD ends the trading week at 70.50 and continues to move within the bullish correction and bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 70.95. From where we can again expect a downward rebound and an attempt to continue the fall in the…
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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 22.59 area. Quotes continue to move as part of the correction and the formation of the “Triangle” pattern. 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 21.85 area. Next, the price…
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 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 1.0705. As part of the Forex forecast for February 6, 2024, we should expect an attempt to develop…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the beginning of the “Triangle” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2558. 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 instrument’s decline. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a correction and a bearish 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 0.6492. At the moment, we should expect an attempt to develop a bullish correction and a test…
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 148.57. 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 February 6, 2024, we should expect an attempt to…
The quotes for Brent continue to move as part of the development of a strong fall and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $81.16 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines, 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 bearish correction and a test of the support level…
The currency pair USD/CAD continues to move within the framework of growth development and has left the bearish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3492. Moving averages indicate a short-term bearish 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 1.3435…
The quotes of XAU/USD continue to move as part of a strong correction and have left the bearish correction channel. At the time of publication of the forecast, the price of Gold is 2021 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 sellers of the asset and potential continued growth from current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2015 area. From where we can expect a rebound…
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 22.38. Moving averages indicate a bearish trend. Prices again broke 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 price of the metal and a test of the resistance level near the 22.75 area. Where can we expect…