Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6978 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 at a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.7165. Then, a rebound and continuation of the fall of…
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.
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9200. The pair continues to move within the correction and left the descending channel. Moving averages indicate a bearish trend. Prices are 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 correct the price and test the support area near the level of 0.9075. 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 the level of 32469, continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. 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 36655. Where can we expect a rebound again and the continuation of the fall in the Bitcoin…
Ethereum ETH/USD ends the trading week at 2060.07 and continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern. 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 area of 2395.05. Where can we expect a rebound again and the continuation of the fall in the rate…
XRP/USD end the trading week at the level of 0.5889 and continue to move as part of the correction and the formation of the ”Wedge” model. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall 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 0.4565. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the…
Litecoin LTC/USD ends the trading week at 119.85 and continues to move as part of the correction and left the bullish channel. Moving averages indicate a sideways 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 rise and a test of the resistance area near the level of 150.55. Where can we expect a rebound again and an attempt to fall…
Bitcoin Cash ends the trading week at 440.31 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 continue the growth in the value of the digital asset and test the resistance area near the level of 570.55. From where a rebound is expected again and an attempt to drop the Bitcoin Cash…
Silver ends the trading week near the 25.32 area. Quotes continue to move within the correction. Here the large “Triangle” pattern continues to form, buyers have not yet been able to break through the upper border of this pattern. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from metal buyers 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again repelled 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 1.1767. As part of the Forex forecast for July 23, 2021, we should expect an attempt to develop a slight bullish correction and a test of…
Currency pair Pound/Dollar GBP/USD continues to move as part of a bullish correction and a downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3744. Moving averages indicate a short-term bearish trend. Prices broke down the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…