SHIBA INU completes the trading week at 0.00001139 and continues to move as part of the fall and the beginning of the reversal pattern “Head and Shoulders”. 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 support area near the level…
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.
Dogecoin ends the trading week at 0.0757 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 correction in the value of the digital asset and a test of the resistance area near the level of 0.0825. From where a rebound down is…
Currency pair Euro/Dollar EUR/USD continues to move as part of a strong bullish correction and the formation of the “Head and Shoulders” reversal pattern. 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 1.0685. As part of the Forex forecast for March 3, 2023, we should expect…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a large “Triangle” model. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2064. Moving averages indicate the presence of a short-term bullish 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 of the instrument. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move into 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 down, 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 0.6726. At the moment, we should expect an attempt to develop a bullish correction of the pair…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 135.57. 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 US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on March 3, 2023, we should…
Brent continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Brent oil is $82.99 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices are again testing the area between the signal lines, 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 resistance level near the area of 84.35 dollars per barrel. Further,…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3599. 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 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 price correction and a test of the support level…
GOLD continue to move within the framework of growth and have left the limits of the “Wedge” reversal pattern. At the time of publication of the forecast, the price of GOLD is 1836 USD per Troy Ounce. 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 asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 1815. Where should we…
Silver continue to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the price of Silver is 20.99. 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 value already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the area of 20.65.…