Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7206 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 0.8982. The pair continues to move within the fall and is preparing to test the lower boundary 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 0.8875. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at the level of 40994, continues to move within the fall and the downtrend channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 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 target below the…
Ethereum ETH/USD ends the trading week at 2687.98 and continues to move within the fall and 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 2955.05. Where can we expect a rebound again and a continuation of the fall in the rate and value of Ethereum with a potential target below…
XRP/USD end the trading week at 1.1183 and continue to move within the correction and the upward 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 1.0585. 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…
Litecoin LTC/USD ends the trading week at 204.83 and continues to move within the fall and the bullish channel. Moving averages indicate a bullish trend. Prices moved up from the area 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 235.05. Where can we expect a rebound again and an attempt to drop the value of Litecoin with…
Bitcoin Cash completes the trading week at 730.48 and continues to move within the fall and 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 875.05. From where a rebound is expected again and an attempt to drop the Bitcoin Cash cryptocurrency with…
Silver are completing the trading week near the 27.85 area. Quotes continue to move within the framework of the growth and the ascending channel. The large “Triangle” model completed its formation here. 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 25.25 area. Further,…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the “Wedge” reversal pattern. 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 quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2232. As part of the Forex forecast for May 20, 2021, we should expect an attempt to develop a bullish correction and a test…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and completion of the formation of the bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4171. 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…