GOLD completes the trading week near the 1803 area. The XAU/USD quotes continue to move as part of a slight rise and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for GOLD. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in price. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1730 area. Further, the GOLD price will continue to rise with a potential target above…
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 end the trading week near the 0.7142 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 0.7175. Then, a rebound and continuation of the fall of the…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9160. The pair continues to move within the correction and again returned to the descending channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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…
Bitcoin BTC/USD ends the trading week at 63433, continues to move within the growth and 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 53665. Where can we again expect a rebound and a…
Ethereum ETH/USD ends the trading week at 4113 and continues to move as part of the rise and the formation of the ”Ascending Triangle” pattern. However, there is a lack of a test of the lower boundary of this model, so it should not be ruled out that the asset quotes will drop to the level of 2500 in the near future. Moving averages indicate the presence of a bullish trend in 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…
XRP/USD end the trading week at 1.0983 and continue to move within a minor correction and a 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 0.9095. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8005. Cryptocurrency XRP Forecast…
Litecoin LTC/USD ends the trading week at 198.73 and continues to move within the growth and bullish channel, but now there is a rebound after updating the local maximum. 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 145.05. Where can we expect a…
Bitcoin Cash ends the trading week at 633.35 and continues to move as part of the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, 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 405.05. From where a rebound is expected again and an attempt to…
Silver ends the trading week near the 24.38 area. Quotes continue to move as part of the rise 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 22.05 area. Further, the continuation of the rise…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US dollar rate is 1.1648. As part of the Forex forecast for October 22, 2021, we should expect an attempt to develop a price correction and a test of…