XRP/USD complete the trading week at 0.4563 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 0.4245. Where can we expect a rebound again and the continued growth of the cryptocurrency to the area above the level of 0.6765. XRP Weekly Forecast May 8…
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 87.83 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. 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 rise in prices and a test of the resistance area near the level of 76.65. Where can we expect a rebound again and an attempt to continue the growth in the value…
Bitcoin Cash ends the trading week at 117.49, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 100.65. From where a rebound is expected again and an attempt to continue the growth of…
Silver complete the trading week near the area of 25.86. Quotes continue to move within the framework of growth and the beginning of the development of the “Head and Shoulders” reversal pattern. 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 decrease in the value of the asset and a test of the support level near…
SHIBA INU ends the trading week at 0.00000993 and continues to move as part of the fall and the start of the Triangle pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance area near the level of 0.00001085. From…
Dogecoin ends the trading week at 0.0788 and continues to move as part of the fall and the downward channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a rise in the value of the digital asset and test the resistance area near the level of 0.0915. From where a rebound down is expected again…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. 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 of the European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of publication of the forecast, the Euro against the US Dollar is 1.1049. As part of the Forex forecast for May 5, 2023, we should expect an attempt…
Currency pair Pound/Dollar GBP/USD continues to move as part of the development of growth and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2568. 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 buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop a rise in the British Pound against…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing 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 0.6668. At the moment, we should expect an attempt to continue the development of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong downward correction and a bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 134.82. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through 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 Japanese Yen exchange rate forecast for May 5, 2023, we should…