Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 109.94. 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 109.25 area. Then, the rebound and the continuation of the rise of the pair…
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 1895 area. XAU/USD quotes continue to move as part of the growth and left the downtrend channel. Moving averages indicate a bullish trend for Gold. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a price correction and test the support level near the 1825 area. Further, the GOLD price will continue to rise with a potential target above the level of 2215. GOLD Price Forecast and Weekly Analysis…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7251 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 0.7295. Then, a rebound and continuation of the fall of the currency…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8998. 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 0.8865. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at the level of 36880, 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 45005. 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 2563.00 and continues to move as part of the fall 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 area of 3055.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of…
XRP/USD end the trading week at the level of 0.8945 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 0.7505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of…
Litecoin LTC/USD ends the trading week at 179.18 and continues to move within the fall 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 drop the value of Litecoin with…
Bitcoin Cash ends the trading week at 694.85 and continues to move as part of the correction and the rising 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 795.05. From where a rebound is expected again and an attempt to drop the Bitcoin…
Silver are completing the trading week near the 27.74 area. Quotes continue to move within the framework of the growth and upward 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 slight correction in the value of the asset and a test of the support level near the 25.05 area. Further, the…