Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 113.81 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 111.25 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 area of 1794. XAU/USD quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bearish trend for Gold. Prices have broken the area between the signal lines upwards, 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 test the support level near the 1745 area. Further, the GOLD price will continue to rise with a potential target above the level of 2025. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7075 area. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth 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 0.7205. Then, a rebound and continuation of the fall of the…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9149. The pair continues to move within the correction and the bullish channel. Moving averages indicate a sideways trend. Prices broke the area between the signal lines downward, which indicates pressure from buyers of the American currency and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9045. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level of…
Bitcoin BTC/USD ends the trading week at the level of 61775, continues to move within the correction and the bullish channel. However, while above the local maximum, the quotes are in no hurry to go further up. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 54055. Where can we expect a…
Ethereum ETH/USD ends the trading week at 4515 and continues to move within the rally and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from 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 3835 area. Where can we again expect a rebound and a continued rise in the rate and value of Ethereum with a potential target above the…
XRP/USD end the trading week at 1.1802 and continue to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.9255. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8405. Cryptocurrency XRP Forecast November 8…
Litecoin LTC/USD ends the trading week at 200.73 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 155.05. Where can we expect a rebound again and an attempt to raise the value of Litecoin…
Bitcoin Cash ends the trading week at 603.09 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 575.05. From where a rebound is expected again and an attempt to raise the Bitcoin…
Silver ends the trading week near the 23.74 area. Quotes continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from metal sellers and a potential continuation of the decline from the current levels. At the moment, we should expect an attempt to develop a slight fall in the value of the asset and a test of the support level near the 21.85 area. Further, the continuation of the rise…