Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 115.59. The pair continues to move within the framework of the growth and the rising channel. However, there is potential for a head and shoulders reversal pattern to form. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 116.35. Then,…
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.
GOLD completes the trading week near the 1785 area. XAU/USD quotes continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the price fall. 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 1770. Further, the continuation of the growth in the price of Gold with a…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6537. 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 0.6645. Then, a rebound down and the…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9314. The pair continues to move as part of strong growth and the formation of a large Triangle pattern. Moving averages indicate the presence of a sideways 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 0.9125. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at 36428, continues to move as part of the fall, but still remains within the bullish channel. Moving averages indicate the presence of a sideways 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 42405. From where we should again expect a rebound down…
Ethereum ETH/USD ends the trading week at 2391 and continues to move within the fall and the bullish channel until there was a breakdown of the lower border. Moving averages indicate the presence of a bullish trend for ETH/USD. However, prices have broken through the area between the signal lines down, 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 area of 2765. Where can we expect a rebound again and a continued…
XRP/USD complete the trading week at 0.5901 and continue to move as part of the decline and left 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 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 0.7355. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2655…
Litecoin LTC/USD ends the trading week at 106.75 and continues to move as part of the fall and left the limits of the bullish growth channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines down. 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 bullish price correction and test the resistance area near the level of 115.05. Where can we expect a rebound down…
Bitcoin Cash ends the trading week at 284.08, continues to move as part of the decline. 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 405.05. From where a rebound is expected again and an attempt to fall the Bitcoin Cash cryptocurrency…
Silver complete the trading week near the area of 22.45. Quotes continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall 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 21.95. Further,…