Litecoin LTC/USD ends the trading week at 51.12 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish 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 rise in prices and a test of the resistance area near the level of 69.55. Where can we expect a rebound down again 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 Cash ends the trading week at 105.14, 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 125.05. From where a rebound down is expected again…
Silver complete the trading week near the area of 18.89. Quotes continue to move within the framework of the fall and the downward channel. Moving averages indicate the presence of a bearish trend for the pair. Prices again pushed down from the area between the signal lines, 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 16.25. Further, the continuation of…
SHIBA INU ends the trading week at 0.00000981 and continues to move within the fall and the long-term downward 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 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 0.00001195. From where a downward rebound is expected…
Dogecoin ends the trading week at 0.0585 and continues to move within the correction and the downward 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 test the resistance area near the level of 0.0695. From where a downward rebound is again expected and…
Currency pair Euro/Dollar EUR/USD continues to move as part of growth and a bullish channel. It is likely that the pressure of the bulls on expectations of the ECB’s decision on the rate has exhausted itself and it’s time to develop a fall towards the Fed’s decision, which will take place on November 2, 2022. After all, raise the rate by at least 75 basis points, which can send the pair to new lows. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates…
Currency pair Pound/Dollar GBP/USD continues to move as part of the development of growth and a bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1629. Moving averages indicate the presence of a short-term bullish trend. Prices have gone up from the area between the signal lines, 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 the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a bullish correction and a downward channel. 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 currency pair and a potential continuation of the fall 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 0.6468. At the moment, we should expect an attempt to develop a bullish…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Wedge” model. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 145.67. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing 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 October 28, 2022, we…
Brent continue to move as part of growth and the formation of a reversal pattern “Head and Shoulders”. At the time of the publication of the forecast, the price of Brent oil is $95.08 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines up, 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 decline and a test of the support…