Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 114.38 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 112.65 area. Then, the rebound and the continuation of the rise of the pair to…
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 is completing the trading week near the 1808 area. XAU/USD quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend for Gold. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1760 area. Further, the GOLD price will continue to rise with a potential target above the level of 1995. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6810 area. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the current levels in the market. At the moment, we should expect an attempt to develop an upward correction of the currency pair on Forex and a test of the resistance area near the level of 0.7005. Then, a rebound and continuation of the fall…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9169. The pair continues to move within the correction and the bullish channel. A bullish ”Triangle” pattern is also forming here. Moving averages indicate a bullish trend. The prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9115. Further, a rebound and an attempt to continue…
Bitcoin BTC/USD completes the trading week at the level of 50921, continues to move in the framework of the growth and the bullish channel. There is potential for a ”Head and Shoulders” reversal pattern to form, which could push the price of the leading coin below the 25000 level. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the asset’s quotes. At the moment, we should expect an attempt to develop a rise in the price of…
Ethereum ETH/USD ends the trading week at 4090 and continues to move as part of the correction and the bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 3705 area. Where can we again expect a rebound and a continuation of the rise in the rate and value of Ethereum with…
XRP/USD end the trading week at 0.9613 and continue to move within the fall and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near 1.1265. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level of 0.4505. XRP…
Litecoin LTC/USD ends the trading week at 163.55 and continues to move within the fall and the bullish channel. However, it should be noted that buyers are trying to maintain the next level of support. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop the price growth and test the resistance area near the level of 185.05. Where can we…
Bitcoin Cash ends the trading week at 454.80 and continues to move as part of the decline and the beginning of the development of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers 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 a digital asset and test the resistance area near the level of 565.05. From where a rebound is expected again and…
Silver are completing the trading week near the 22.85 area. Quotes continue to move within the framework of the rise and the downtrend channel. There is potential for a Double Bottom reversal pattern to form. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers of the metal and a potential continuation of the decline from the 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…