Bitcoin Cash ends the trading week at 126.43, 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 195.05. From where a rebound down is expected again and an attempt…
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.
Silver complete the trading week near the area of 18.75. 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 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 17.35. Further, the continuation of…
SHIBA INU ends the trading week at 0.00001233 and continues to move within the growth 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 SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a fall in the value of the digital asset and test the support area near the level of 0.00001125. From where a rebound is expected again and an attempt to continue…
Dogecoin ends the trading week at 0.0711 and continues to move within the correction and the downward channel. There is potential to complete the formation of the “Head and Shoulders” reversal pattern. 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 a decrease in the value of the digital asset and test the support area near the level…
Currency pair Euro/Dollar EUR/USD continues to move as part of a bullish correction and a 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 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 1.0228. As part of the FOREX forecast for July 21, 2022, we should expect an attempt to develop a price increase and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the beginning of the development of the “Wedge” reversal pattern. As you can see, the upper curtain of the pattern has been broken, in most cases there is a return to the broken border before the start of the model. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2032. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the rise and the 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 publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6905. At the moment, we should expect an attempt to develop a decline in the pair…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 138.17. 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 US Dollar and a potential continuation of price growth already from current levels. As part of the Japanese Yen exchange rate forecast for July 21, 2022, we should expect an attempt…
Brent continue to move within the correction and the downward channel. There is potential for a head and shoulders reversal pattern to form. At the time of publication of the forecast, the price of Brent oil is $106.06 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices are again testing the area between the signal lines, 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 growth and test the resistance…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2870. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the price pair’s fall in the near future. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the area…