BTC/USD are trading at 22381 and continue to move within the correction and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $433,494,647,497. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of Digital Gold and a potential continuation of the decline in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, March 7, 2023, we should expect 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.
Ethereum are trading at 1563 and continue to move as part of a correction and a bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $192,228,080,166. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines down, which indicates pressure from sellers 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 in the value of the coin and a…
XRP/USD are trading at 0.3590 and continue to move as part of the fall and left the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $18,620,868,617. Moving averages indicate the presence of a short-term bearish trend for Ripple. 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 the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop the growth of the asset…
LTC/USD are trading at 87.29 and continue to move as part of the fall and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,366,393,626. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices have broken through the areas between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a correction of the digital asset and a test of the resistance level…
The currency pair EUR/USD completes the trading week near the area of 1.0609 and continues to move within the correction and the downward channel. Moving averages indicate the presence of a sideways trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish correction of quotes and a test of the resistance area near the level of 1.0745. Where is the expected rebound down and the continuation of…
BRENT complete the trading week near the area of 84.34 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the formation of the reversal pattern “Wedge”. 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 bearish correction and test the support area near the level of 78.35. Then, it is worth considering…
Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of 1.1970. The pair continues to move within the formation of the double top reversal pattern. 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 British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2265. Further,…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 73.56 Rubles per US Dollar. The pair continues to move within the growth and 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 US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week March 6 — 10, 2023, we should expect an attempt to develop a decline and test the support area near the level of 70.05. Where…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6748. The pair continues to move as part of the development of the fall and the long-term 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 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 0.6845. Then, a rebound…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3578. The pair continues to move as part of the growth and the formation of the “Triangle” pattern. Moving averages indicate a 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 growth in the near future. At the moment, we should expect an attempt to develop a slight correction and a test of the support level near the area of 1.3325.Then, a rebound upwards and the…