Ethereum ETH/USD ends the trading week at 1809 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines down, 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 area of 2345. From where we should again expect a rebound down and a continuation of the fall in the exchange rate…
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 0.4011 and continue 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 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 a test of the resistance area near 0.4865. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1455 again. XRP…
Litecoin LTC/USD ends the trading week at 63.67 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 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 price rise and test the resistance area near the level of 85.55. Where can we expect a rebound down again and an attempt to drop the…
Bitcoin Cash ends the trading week at 187.69, 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 200.55. From where a rebound down is expected again and…
Silver complete the trading week near the area of 22.26. Quotes continue to move within the correction and the downward channel. Moving averages indicate the presence of a bullish 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 fall in the value of the asset and a test of the support level near the area of 20.75. Further, the continuation of the rise in…
SHIBA INU ends the trading week at 0.00001100 and 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 SHIB/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 a test of the resistance area near the level of 0.00001285. From where a rebound down is expected again…
Dogecoin ends the trading week at 0.0820 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 down, 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 slight increase 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…
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 broken through the area between the signal lines up, which indicates pressure from buyers 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 1.0709. As part of the Forex forecast for June 3, 2022, we should expect an attempt to develop a price increase and test…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the “Wedge” reversal pattern. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2541. Moving averages indicate the presence of a short-term bullish 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 of the instrument. At the moment, we should expect an attempt to develop a slight correction in the price…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the development of a bullish correction and a 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 the 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 the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7214. At the moment, we should expect an attempt…