BTC/USD quotes are trading at 71615 and continue to move within the growth and bullish 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, March 12, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level near the 68205 area. From…
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 quotes are trading at 4030 and continue to move as part of the development of growth and a bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upward, 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 decline in the value of the coin and a test of the support level near the area of 3765. From where we can again expect a rebound in…
The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0951 area. Moving averages indicate a bullish trend. 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. At the moment, we should expect an attempt to develop a rise in the pair’s quotes and a test of the resistance area near the level of 1.1075. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential target for decline…
BRENT oil quotes end the trading week near the area of 82.52 dollars per barrel. There is still potential for the completion of the formation of the Double Bottom reversal pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 78.55. Then, it is worth considering a rebound upward and continued growth of oil to the…
The Pound/Dollar GBP/USD currency pair ends the trading week 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 sellers and a potential continuation of the fall of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a correction and test the support area near the level of 1.2695. Next, a rebound upward and the beginning of the growth of Pound/Dollar quotes to the area above the…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6636 area. The pair continues to move within the development of growth and a downward 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 asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the level of 0.6545. Then, AUD/USD will rebound and continue to…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3571. The pair continues to move as part of the development of the fall and the beginning of the “Wedge” reversal pattern. Moving averages indicate a bullish 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 near future. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the area of 147.08. 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 rise and a test of the resistance level near the 148.75 area. Then, a rebound downward and the pair’s continued fall to the…
Gold ends the trading week with growth near the 2174 area. XAU/USD quotes continue to move within the growth and bullish channel. 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 2125 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2325. GOLD Forecast March 11…
Quotes of the currency pair New Zealand Dollar are finishing the trading week as part of the development of a fall near the level of 0.6188. 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 bearish correction of the currency pair on Forex and a test of the support area near the level of 0.6065. Then, a…