GOLD is completing the trading week near the area of 1784. 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. However, prices have broken down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1705 area. Further, the GOLD price will continue to rise with a potential target above the level of 2035.…
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 0.6822 area. Moving averages indicate a bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise from the current levels in the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6905. Then, a rebound and continuation of the fall of…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9173. The pair continues to move as part of the growth and formation of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the American currency and a 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 0.9065. Further, a rebound and an attempt to continue the rise of the pair…
Bitcoin BTC/USD ends the trading week at 46986, continues to move in the framework of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, 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 test the support area near the level of 39505. Where can we expect a rebound and a continuation of the rise in the Bitcoin exchange rate with a potential target above the…
Ethereum ETH/USD ends the trading week at 3206.02 and continues to move as part of the rise and development of the ”Wedge” reversal pattern. 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 area of 2745.05. Where can we expect a rebound again and a continuation of the rise in the rate and…
XRP/USD end the trading week at 1.2374 and continue to move as part of the rise. 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 1.0505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.7605. Cryptocurrency XRP Forecast and Analysis August…
Litecoin LTC/USD ends the trading week at 177.62 and continues to move as part of the rise. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and the potential continued growth of 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 rebound again and an attempt to raise the value of Litecoin with a potential…
Bitcoin Cash ends the trading week at 657.73 and continues to move as part of the rise and the start of the ”Wedge” pattern. Moving averages indicate a bullish trend. Prices broke 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 fall in the value of a digital asset and a test of the support area near the level of 545.05. From where a rebound is expected again and…
Silver are completing the trading week near the 23.20 area. Quotes continue to move within the fall and have left the ”Triangle” pattern. Moving averages indicate a bullish trend for the pair. However, 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 slight bullish correction in the value of the asset and a test of the resistance level near the area of 24.25. Further, the continuation of the fall…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices pushed down from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1694. As part of the Forex forecast for August 20, 2021, we should expect an attempt to develop a slight fall and…