Author: forex24pro

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9656 The pair continues to move as part of the growth and a long-term bullish channel. There is still the potential to complete the formation of the “Wedge” reversal pattern, with the breakdown of which it is worth considering the continuation of the price growth. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, 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…

Bitcoin BTC/USD ends the trading week at 21404, continues to move within the correction and the downward channel. There is a potential for the formation of a descending “Descent Flag” pattern, in case of a downward breakdown of such a pattern, it is worth considering an aggressive continuation of the fall with deep targets below. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines, 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…

Ethereum ETH/USD ends the trading week at 1656 and continues to move as part of the fall 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 1845 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost…

XRP/USD complete the trading week at 0.3574 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 0.4605. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2165 again. XRP Weekly Forecast August 29…

Litecoin LTC/USD ends the trading week at 55.53 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 should we expect a rebound down again and an attempt to…

Bitcoin Cash ends the trading week at 125.50, 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 155.05. From where a rebound down is expected again and an attempt…

Silver complete the trading week near the area of ​​19.19. Quotes continue to move within the framework of the correction and the beginning of the development of the bullish “Wolfe Wave” model. 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…

SHIBA INU ends the trading week at 0.00001335 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 an increase in the value of the digital asset and test the resistance area near the level of 0.00001405. From where a rebound down is expected again and an attempt…

Dogecoin ends the trading week at 0.0679 and continues to move within the correction 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 an increase in the value of the digital asset and test the resistance area near the level of 0.0865. From where a rebound down is expected again and an attempt to…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. This is where the “Triangle” model is formed. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, 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 0.9910. As part of the Forex forecast for August 26, 2022, we should expect an…