Ethereum ETH/USD ends the trading week at 1668 and continues to move as part of the development of a strong bullish correction and a 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 1875 area. From where we should again expect a rebound down and a continuation of the fall in the…
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.
XRP/USD complete the trading week at 0.3603 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 0.3925. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1055 again. XRP Weekly Forecast August 1…
Litecoin LTC/USD ends the trading week at 60.14 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. This indicates pressure from the 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 70.05. Where can we expect a rebound down again and an attempt to drop…
Bitcoin Cash completes the trading week at 147.87, continue to move in the framework of correction and the descending channel. Sliding average indicate the presence of a bear’s trend. Prices again test the area between the signal lines, which indicates the pressure from the sellers of the coin and the potential continuation of the fall. As part of the forecast of the BCH/USD course, an attempt to continue the increase in the cost of a digital asset and the resistance area near the level 205.05 should be expected for the next trading week. Where again the rebound is expected to…
Silver complete the trading week near the 19.93 area. The quotes continue to move as part of the rise and the start of the development of the bullish “Wolfe Wave”. Sliding average indicate the presence of a bear’s trend in pair. Prices broke the areas between the signal lines down, which indicates the pressure from the sellers of the metal and the potential continuation of the fall from current levels. At the moment, it is worth expecting an attempt to develop a reduction in the value of the asset and a test level of support near the area of 18.45.…
SHIBA INU ends the trading week at 0.00001161 and continues to move within the correction 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 an increase in the value of the digital asset and test the resistance area near the level of 0.00001255. From where a downward rebound is expected again and an attempt to…
Dogecoin ends the trading week at 0.0673 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 the growth in the value of the digital asset and test the resistance area near the level of 0.0965. 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. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone 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 publication of the forecast, the Euro against the US Dollar is 1.0158. As part of the Forex forecast for July 29, 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 growth and the downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2134. 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 of the instrument. At the moment, we should expect an attempt to develop a rise in the price of the British Pound against the US Dollar and…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.6988. At the moment, we should expect an attempt to develop the growth of the pair…