Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9798 The pair continues to move as part of the growth and a long-term bullish channel. The potential for the formation of a ”Head and Shoulders” reversal pattern remains, as a rule, the price falls to the level of the “Right shoulder” of the 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 US currency and a potential continuation of the growth of the instrument from current levels. At the moment, we…
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 20103, 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 20505. From where we should again expect a rebound down and a continuation of the…
Ethereum ETH/USD ends the trading week at 1590 and continues to move within the correction and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing 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 increase and test the resistance level near the 1645 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost of Ethereum…
XRP/USD complete the trading week at 0.3272 and continue 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 sellers and a potential continuation of the cryptocurrency’s decline from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3765. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1725 again. XRP Weekly Forecast September 5…
Litecoin LTC/USD ends the trading week at 57.32 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices went down from 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 a rise in prices and a test of the resistance area near the level of 65.05. Where can we expect a rebound down again and an attempt to…
Bitcoin Cash ends the trading week at 115.74, continues 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 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 135.05. From where a rebound down is expected again and…
Silver complete the trading week near the area of 17.93. Quotes continue to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the areas between the signal lines down, 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 17.05. Further, the continuation of…
SHIBA INU ends the trading week at 0.00001225 and continues to move within the fall and the long-term 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 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 0.00001415. From where a rebound down is expected again…
Dogecoin ends the trading week at 0.0620 and continues to move as part of the fall and the 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 DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop the growth in the value of the digital asset and test the resistance area near the level of 0.0735. From where a rebound down is expected again and an…
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 once again pushed down from 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 1.0006. As part of the Forex forecast for September 2, 2022, we should expect an attempt to develop a rise in prices…