Bitcoin BTC/USD ends the trading week at 29291, continues to move as part of the development of a correction and a 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 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 27365. From where we should again expect a rebound upwards and continued growth…
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 1870 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines up, 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 decrease and a test of the support level near the area of 1835. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum…
Litecoin LTC/USD ends the trading week at 91.19 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of 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 86.45. Where can we expect a rebound again and an attempt to continue the growth of the value…
Quotes of Silver XAG/USD complete the trading week near the area of 24.28. Quotes continue to move within the growth and 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 23.55. Further, the continuation of…
The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the area of 1.1118. 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 1.1295. 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 80.27 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 77.05. Then, it is worth considering a rebound…
The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the fall and the formation of the bearish Wolfe Wave model with the aim of working out at the level of 1.1465, now the price has gone too far, but has not yet broken the entire pattern. 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…
Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 90.49 Rubles per US Dollar. The pair continues to move within the correction and the 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 US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week July 24-28, 2023, we should expect an attempt to develop a correction and test the support area near the level of 88.55. Where should we expect a rebound…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6736. The pair continues to move as part of the development of strong growth and the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, 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 bullish correction and test the resistance area near the level of 0.6865. Then, a…
Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3213. The pair continues to move as part of the development of the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, 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 fall and test the support level near the area of 1.3105. Then, a rebound upwards and continued growth…