Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9293. The pair continues to move within the framework of the fall and the descending channel. 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 the price growth and test the resistance area near the level of 0.9515. Further, a rebound down and an attempt to continue the fall…
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 19908, continues to move as part of the development of the fall and the downward channel. Moving averages indicate a bearish 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 rise in the price of the coin and test the resistance area near the level of 20785. From where we should again expect a rebound down and a continued fall in…
Ethereum ETH/USD ends the trading week at 1403 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish 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 correction and a test of the resistance level near the 1545 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and…
XRP/USD complete the trading week at 0.3632 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3725. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.1765. XRP…
Litecoin LTC/USD ends the trading week at 72.22 and continues to move as part of a strong fall and a downward 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 test the resistance area near the level of 80.55. Where should we expect a downward rebound again and an attempt to continue the…
Bitcoin Cash ends the trading week at 106.93, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 continue the growth in the value of the digital asset and test the resistance area near the level of 115.05. From where a rebound down is expected again and an attempt…
Silver complete the trading week near the 20.10 area. Quotes continue to move as part of the correction and the formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a bullish trend for the pair. 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 decrease in the value of the asset and a test of the support level near the area of 19.75.…
SHIBA INU ends the trading week at 0.00000998 and continues to move as part of the fall. 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 0.00001205. From where a rebound down is expected again…
Dogecoin ends the trading week at 0.0649 and continues to move as part of the fall and left 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 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 correction in the value of the digital asset and a test of the resistance area near the level of 0.0795. From where a rebound down…
Currency pair Euro/Dollar EUR/USD continues to move as part of a bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 Euro against the US Dollar is 1.0648. As part of the Forex forecast for March 7, 2023, we should expect an attempt to develop a price correction…