Bitcoin BTC/USD ends the trading week at 26110, continues to move as part of the development of the fall 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 asset and a potential continuation of the fall in 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 25665. 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 1656 and continues to move within the correction and bearish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines, 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 fall in prices and a test of the support level near the area of 1495. 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 64.59 and continues to move as part of the fall and the bullish channel. Moving averages indicate a bearish 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 59.05. Where can we expect a rebound again and an attempt to continue the…
Quotes of Silver XAG/USD complete the trading week near the 24.11 area. 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 up, which indicates pressure from buyers of the metal and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a slight bearish correction in the value of the asset and a test of the support level near the area of 23.25. Further, the continuation of the…
The currency pair Euro to US Dollar (EUR/USD) continues to move as part of a slight decrease and a downward channel. Moving averages indicate the presence of a short-term bearish trend for 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 1.0849. As part of the Forex forecast for August 24, 2023, we should expect an attempt to develop…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the correction and the bearish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2728. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, 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 bullish correction of the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the fall and the downward channel. 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 in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6423. At the moment, we should expect an attempt to develop the growth of the…
The quotes of the USD/JPY currency pair continue to move within the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 145.86. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing 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 August 24, 2023, we should expect an attempt to develop a price correction…
The quotes for Brent crude oil continue to move as part of the fall and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $84.28 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 down, which indicates pressure from the sellers of Black Gold and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and test…
The currency pair USD/CAD continues to move as part of growth and has left the descending channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3553. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, 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…