Currency pair Dollar Franc USD/CHF completes the trading week near the level of 0.8776. The pair continues to move within the framework of growth and the beginning of the development of the bullish “Wolfe Wave” model. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to develop a fall in prices and a test of the support area near the level of 0.8575.…
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.
Bitcoin BTC/USD ends the trading week at 29399, continues to move as part of the development of a sideways correction and a bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 27765. From where we should again expect a rebound upwards and continued growth…
Ethereum ETH/USD ends the trading week at 1846 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the 1825 area. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum with a…
Litecoin LTC/USD ends the trading week at 82.84 and continues to move as part of a strong fall and a bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. 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 price correction and a test of the support area near the level of 76.45. Where can we expect a rebound again and an attempt to continue…
Quotes of Silver XAG/USD complete the trading week near the area of 22.65. Quotes continue to move within the framework of a strong correction and a bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a slight correction in the value of the asset and a test of the support level near the area of…
XRP/USD complete the trading week at 0.6260 and continue to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near 0.5705. Where can we expect a rebound again and the continued growth of the cryptocurrency to the area above the level of 1.0265. XRP Weekly Forecast June August…
The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.1025 area. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop the growth of quotes and test the resistance area near the level of 1.1175. Where is the expected rebound down and the continuation of the fall of the Euro Dollar. The potential target of the decline is…
Quotes of BRENT oil complete the trading week near the area of 85.62 dollars per barrel. The asset continues to move as part of the growth and development of the “Triangle” model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines. up, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 78.55. Then, it is worth considering a rebound upwards and the…
The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the correction and the formation of the bearish Wolfe Wave model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2955. Further, a rebound down and the continuation of the fall of…
Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 95.65 Rubles per US Dollar. The pair continues to move as part of the price rise and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week August 7 — 11, 2023, we should expect an attempt to develop a correction and test the support area near the level of 93.45.…