Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9947. The pair continues to move within the framework of strong growth and a long-term 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 currency and a potential continuation of the growth of the instrument from current levels. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9755. Further, a rebound and an attempt to continue the rise…
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 19447, continues to move as part 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 bullish correction in the price of the coin and a test of the resistance area near the level of 23055. From where we should again expect a rebound down and a continued fall in…
Ethereum ETH/USD ends the trading week at 1325 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices broke down between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a price increase and test the resistance level near the 1705 area. From where we should again expect a rebound down and a continued fall in the exchange rate and the cost of Ethereum with a…
XRP/USD complete the trading week at 0.5120 and continue to move as part of the growth and the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near 0.4825. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 0.8506 again. XRP…
Litecoin LTC/USD ends the trading week at 52.56 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 56.55. Where can we expect a rebound down again and an attempt to…
Bitcoin Cash ends the trading week at 115.68, continues to move within the correction 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 growth in the value of the digital asset and test the resistance area near the level of 130.05. From where a rebound down is expected again and an attempt…
Silver complete the trading week near the 20.11 area. Quotes continue to move within the framework of growth and the beginning of the development of the “Triangle” model. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from metal sellers and a potential continuation of the fall 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 19.55. Further, the continuation of…
SHIBA INU ends the trading week at 0.00001101 and continues to move within the correction 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 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 0.00001245. From where a rebound down is…
Dogecoin ends the trading week at 0.0619 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish 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. 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 0.0705. From where a rebound down is expected again and an attempt…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the 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 EUR/USD exchange rate is 0.9871. As part of the Forex forecast for October 7, 20222, we should expect an attempt to develop a slight rise in prices and…