Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 111.12 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 109.55 area. Then, the rebound and the continuation of the rise of the pair to…
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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 area of 1751. The XAU/USD 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 Gold. Prices have broken down the area between the signal lines, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the area of 1725. Further, the continued growth of the GOLD price with a potential target…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6895 area. Moving averages indicate a bullish 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 0.7105. Then, a rebound and continuation of the fall…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9315. The pair continues to move within the framework of growth and the beginning of the development of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines upwards, 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 0.9245. Further, a rebound and an attempt to continue the rise of the pair…
Bitcoin BTC/USD ends the trading week at 44865, continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing 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 39005. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the level…
Ethereum ETH/USD ends the trading week at 3110 and continues to move as part of the rise and the formation of the ”Triangle” 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 2735. Where can we again expect a rebound and a continuation of the rise in the rate and…
XRP/USD end the trading week at 0.9653 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.7205. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above…
Litecoin LTC/USD ends the trading week at 159.22 and continues to move within the downward correction and the bullish channel. 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 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 125.05. Where can we expect a rebound again and an attempt to raise the value…
Bitcoin Cash ends the trading week at 513.26 and continues to move as part of the fall. Moving averages indicate a bullish trend. Prices have broken 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 reduce the value of a digital asset and a test of the support area near the level of 485.05. From where a rebound is expected again and an attempt to raise the Bitcoin Cash cryptocurrency…
Silver ends the trading week near the 22.13 area. Quotes continue to move as part of the fall and the development of the ”Triangle” model. 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 slight bullish correction in the value of the asset and a test of the resistance level near the area of 24.55. Further, the continuation of the…