Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.11 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 109.75 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 1792 area. XAU/USD quotes continue to move as part of the correction and the formation of an inverted Head and Shoulders pattern. Moving averages indicate a bullish trend for Gold. 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 correction and test the support level near the 1735 area. Further, the GOLD price will continue to rise with a potential target above the level of 2055. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6987 area. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, 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 at a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.7085. Then, a rebound and continuation of the fall of the currency pair…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9186. The pair continues to move within the correction. Moving averages indicate a bearish trend. Prices broke up the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to correct the price and test the support area near the level of 0.9055. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level of 0.9495. USD/CHF…
Bitcoin BTC/USD ends the trading week at 37354, continues to move as part of the fall and left the descending channel. Moving averages indicate a bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the asset’s quotes. At the moment, we should expect an attempt to develop a rise and test the resistance area near the level of 38505. Where can we expect a rebound again and the continuation of the fall in the Bitcoin rate with a potential…
Ethereum ETH/USD ends the trading week at the level of 2287.42 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend for ETH/USD. Prices are testing 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 the price growth and test the resistance level near the 2855.05 area. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum…
XRP/USD end the trading week at the level of 0.8163 and continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, 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 0.7805. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.5505. Cryptocurrency XRP…
Litecoin LTC/USD completes the trading week at the level of 162.97 and continues to move as part of the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines. 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 rise and a test of the resistance area near the level of 195.05. Where can we expect a rebound again and an attempt to fall…
Bitcoin Cash ends the trading week at 583.67 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue to grow in the value of the digital asset and test the resistance area near the level of 645.05. From where a rebound is expected again and an attempt to drop the…
Silver ends the trading week near the 26.36 area. Quotes continue to move within the correction and the upward channel. Here the large model ”Triangle” continues to form. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the metal and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a minor correction in the value of the asset and a test of the support level near the 25.75 area. Further, the continued growth in…