Ethereum ETH/USD ends the trading week at 1206 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have gone down from the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 1445 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate…
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.
XRP/USD complete the trading week at 0.3724 and continue to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, 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 0.4165. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of…
Litecoin LTC/USD ends the trading week at 62.59 and continues to move as part of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. 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 the price growth and test the resistance area near the level of 73.45. Where should we expect a downward rebound again and an attempt to continue the fall…
Bitcoin Cash ends the trading week at 103.40, continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 continue the bullish correction 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…
Silver complete the trading week near the area of 21.02. Quotes continue to move within the framework of growth and left the limits of the descending channel. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 18.75. Further,…
SHIBA INU ends the trading week at 0.00000902 and continues to move within the fall and the long-term downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 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 0.00001055. From where a rebound down is…
Dogecoin ends the trading week at 0.0845 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 support area near the level of 0.1135. From where a downward rebound is…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the completion of the formation of the “Head and Shoulders” reversal pattern on smaller timeframes. 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 the publication of the forecast, the EUR/USD exchange rate is 1.0342. As part of the Forex forecast for November 18, 2022,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the development of the rise and the bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1856. 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 price of the British Pound against…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the correction and the bullish channel. Moving averages indicate a short-term uptrend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6669. At the moment, we should expect an attempt to develop the growth of the pair and test the resistance area near…