Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.8951. The pair continues to move as part of the correction and the formation of the bullish “Wedge” pattern. 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 price decrease and test the support area near the level of 0.8815. Further, a rebound upwards and an attempt to…
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 29461, continues to move as part of the development of growth 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 26705. From where we should again expect a rebound upwards and continued growth in…
Ethereum ETH/USD ends the trading week at 1914 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 reduction and a test of the support level near the 1835 area. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum with…
XRP/USD complete the trading week at 0.4692 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 0.3925. Where can we expect a rebound again and the continued growth of the cryptocurrency to the area above the level of 0.8335. XRP Weekly Forecast May 1…
Litecoin LTC/USD ends the trading week at 89.42 and continues to move within the correction and left the limits of the long-term downward 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 72.45. Where can we expect a rebound again and an attempt to…
Bitcoin Cash ends the trading week at 116.85, continues to move within the correction and the bullish 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 114.65. From where a rebound is expected again and an attempt to continue the growth of…
Silver complete the trading week near the 24.90 area. 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 the…
SHIBA INU ends the trading week at 0.00001030 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 0.00001095. From…
Dogecoin ends the trading week at 0.0802 and continues to move as part of the fall and broke through the lower limit of the bullish correction 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 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 a test of the resistance area near the level…
Currency pair Euro/Dollar EUR/USD continues to move within a slight correction after the rebound from the upper border of the “Double Top” reversal pattern. 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 European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.1044. As part of the Forex forecast for April 26, 2023, we should expect an…