Bitcoin BTC/USD ends the trading week at the level of 37427 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 fall in the price of the coin and a test of the support area near the level of 34525. From where we can again expect a rebound upward and…
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.
Ethereum ETH/USD ends the trading week at 2075 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 1965 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…
Litecoin LTC/USD ends the trading week at 69.39 and continues to move as part of a bullish correction and the formation of a “Wedge” reversal pattern. 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 a bullish price correction and a test of the resistance area near the level of 72.45. Where can we again expect a downward…
Quotes of Silver XAG/USD end the trading week near the 23.63 area. Quotes continue to move as part of the growth and development of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish 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 22.65 area. Next, the price of Silver will…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and a bullish channel. 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 European currency and a potential continuation of growth 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 1.0943. As part of the Forex forecast for November 22, 2023, we should expect an attempt to develop a price…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of growth and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2531. 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…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of growth and the formation of the bearish Wolfe Wave pattern. 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 0.6575. At the moment, we should expect an attempt to continue the…
The quotes of the USD/JPY currency pair continue to move as part of the development of the fall and have left the limits of the Double Top reversal pattern. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 147.61. Moving averages indicate a short-term bearish trend for the pair. Prices have broken the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from current levels. As part of the forecast for the Japanese Yen exchange rate for…
The quotes for Brent crude oil continue to move within the bullish correction and bearish channel. At the time of publication of the forecast, the price of Brent oil is $82.11 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines downwards, 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 growth and test the resistance level near the area of 85.35 dollars per…
The currency pair USD/CAD continues 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 US Dollar to Canadian Dollar exchange rate is 1.3704. 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 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 fall and a test of the support level near…