GOLD completes the trading week near the 1917 area. XAU/USD quotes continue to move as part of the growth and the start of the Triangle pattern. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the area of 1885. Further, the continuation of the growth in the price of Gold with a potential…
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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6718. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from current levels on the market. At the moment, we should expect an attempt to develop a correction of the currency pair on Forex and a test of the resistance area near the level of 0.6845. Then, a rebound down and the…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9235. The pair continues to move as part of the growth and the formation of a large model “Triangle”. 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 0.9145. Further, a rebound and an attempt to continue the rise of the…
Bitcoin BTC/USD ends the trading week at 38567, continues to move as part of another strong rebound from the lower limit of the bullish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 rise in the price of the coin and a test of the resistance area near the level of 42155. From where we should again expect a rebound down and…
Ethereum ETH/USD ends the trading week at 2622 and continues to move as part of the fall. Moving averages indicate the presence of a sideways trend in 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 a test of the resistance level near the area of 2765. Where can we expect a rebound again and a continuation of the fall in the exchange rate and the…
XRP/USD complete the trading week at 0.6932 and continue to move as part of the fall and the downward channel. Here, too, the “Triangle” pattern is formed. 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 0.7065. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the…
Litecoin LTC/USD ends the trading week at 103.14 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 down. 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 140.05. Where should we expect a rebound down again and an attempt…
Bitcoin Cash ends the trading week at 297.99, 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 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 405.65. From where a rebound is expected again and an attempt to fall…
Silver complete the trading week near the 24.40 area. Quotes continue to move within the correction and the downward channel. 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 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 21.85. Further, the continuation of the rise in the price…
SHIBA INU ends the trading week at 0.00002394 and continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 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 0.00002505.…