Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7153 area. 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 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 0.7285. Then, a rebound and continuation of the fall of the currency…
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 0.9044. The pair continues to move within the correction and is preparing to test the lower border of the bullish channel. Moving averages indicate a bearish trend. Prices went down from 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 0.8925. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at the level of 36683, continues to move within the fall and the downtrend 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 42205. 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 2633.64 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 3005.05 area. Where can we expect a rebound again and the continuation of the fall in the rate and value…
XRP/USD end the trading week at 0.9345 and continue to move within the correction and the rising channel. Moving averages indicate a bullish trend. Prices went up from 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 0.8505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.7565. Cryptocurrency XRP…
Litecoin LTC/USD ends the trading week at 175.16 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 205.05. Where can we expect a rebound again and an attempt to fall in the value…
Bitcoin Cash ends the trading week at 661.76 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 765.05. From where a rebound is expected again and an attempt to drop the…
Silver ends the trading week near the 27.30 area. Quotes continue to move within the correction and the ascending channel. Here the large “Triangle” model completed its formation. 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 25.15 area. Further, the continued growth in…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the beginning of the development of the bearish “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2001. As part of the Forex forecast for June 1, 2021, we should expect an attempt to develop a bullish correction…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.4172. Moving averages indicate a short-term bullish trend. Prices push up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area near the level of 1.4225. Where can we expect a…