Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6931. Moving averages indicate the presence of a bearish trend for the pair. 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 growth already from current levels on the market. At the moment, we should expect an attempt to develop the growth of the currency pair on Forex and test the resistance area near the level of 0.6995. Then, a rebound down and the continuation of…
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.
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9240. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices broke 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. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9190. Further, a rebound and an attempt to continue the rise of the pair with a potential target above…
Bitcoin BTC/USD ends the trading week at 45075, continues to move within the correction and the bullish 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 asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a rise in the price of the coin and a test of the resistance area near the level of 51405. From where we should again expect a rebound down and a continuation of the fall in the…
Ethereum ETH/USD ends the trading week at 3273 and continues to move as part of the growth and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines up, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price increase and test the resistance level near the 3605 area. From where we should again expect a rebound down and a continued fall in the exchange rate and the cost of…
XRP/USD complete the trading week at 0.8137 and continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.8255. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of…
Litecoin LTC/USD ends the trading week at 122.20 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 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 bullish price correction and a test of the resistance area near the level of 155.05. Where can we expect a rebound down again and an attempt to drop the…
Bitcoin Cash ends the trading week at 368.40, 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 BCH/USD rate forecast for the next trading week, we should expect an attempt to correct the value of the digital asset and test the resistance area near the level of 415.05. From where a rebound is expected again and an attempt to fall the Bitcoin Cash…
Silver complete the trading week near the area of 24.75. Quotes continue to move within the correction and left the limits of the downward channel. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the metal and a potential continuation of growth 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 23.55. Further, the continuation of…
SHIBA INU ends the trading week at 0.00002549 and continues to move within the correction and formation of the “Triangle” 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 SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the resistance area near the level of 0.00002755. From where a downward rebound is again…
Dogecoin ends the trading week at 0.1359 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 a slight increase in the value of the digital asset and a test of the support area near the level of 0.1565. From where a rebound down is expected again and…