GOLD completes the trading week near the area of 1796. 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 bullish trend for Gold. Prices are again pushing the area between the signal lines, 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 1750 area. Further, the GOLD price will continue to rise with a potential target above the…
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 0.7144 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 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 0.7185. Then, a rebound and continuation of the fall of…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9171. The pair continues to move as part of the correction and the 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 0.9045. Further, a rebound and an attempt to continue the rise of the…
Bitcoin BTC/USD ends the trading week at 46181, continues to move within the correction 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 a test of the support area near the level of 38005. 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 3389.35 and continues to move as part of the correction 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 test the support level near the 2755.05 area. Where can we expect a rebound again and a continuation of the rise in the rate and value of Ethereum…
XRP/USD end the trading week at 1.0842 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 0.9005. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8505. Cryptocurrency XRP Forecast and Analysis…
Litecoin LTC/USD ends the trading week at 180.46 and continues to move within the rally and bullish channel. 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 140.55. Where can we expect a rebound again and an attempt to raise the value of Litecoin with a…
Bitcoin Cash ends the trading week at 652.11 and continues to move within 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 485.55. From where a rebound is expected again and an attempt to raise the…
Silver are completing the trading week near the 24.10 area. Quotes continue to move as part of the fall and the beginning of 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 24.85. Further, the continuation…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern on higher timeframes. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1851. As part of the Forex forecast for September 8, 2021, we should expect an attempt to develop…