Ethereum ETH/USD ends the trading week at 1640 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support level near the 1485 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target…
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.
Litecoin LTC/USD ends the trading week at 63.11 and continues to move within the fall and has left the bullish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards. 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 65.25. From where we can again expect a downward rebound and an…
Quotes of Silver XAG/USD end the trading week near the 23.02 area. Quotes continue to move within the framework of a strong correction and a 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 22.25 area. Next, the price of…
The currency pair Euro to US Dollar (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 downward trend in the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0715. As part of the Forex forecast for September 8, 2023, we should expect an attempt…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2472. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a slight bullish correction of the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal ones down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6383. At the moment, we should expect an attempt to develop the…
The quotes of the USD/JPY currency pair continue to move as part of growth and a long-term bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 147.40. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on September 8, 2023, we should expect an attempt to develop…
The quotes for Brent crude oil continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the price of Brent oil is $89.90 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Black Gold and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and a test of the…
The currency pair USD/CAD continues to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3646. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a correction and a test of the support level near the area of 1.3595. Further,…
The quotes of XAU/USD continue to move within a slight correction and a bearish channel. At the time of the publication of the forecast, the price of Gold is 1925 USD per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1930 area. Where should…