Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.47 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 109.45 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 1745 area. Further, the GOLD price will continue to rise with a potential target above the level of 2085. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7091 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 0.7165. 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 0.9154. The pair continues to move as part of the rise. 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 0.9025. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level of…
Bitcoin BTC/USD ends the trading week at 33056, continues to move as part of the fall and left the descending channel. 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 37305. Where can we expect a rebound again and a continuation of the fall in the Bitcoin rate with a potential target…
Ethereum ETH/USD ends the trading week at the level of 1860.34 and continues to move as part of the decline 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 2345.05. 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 0.5973 and continue to move within the correction and the ascending channel. 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 0.4705. 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 completes the trading week at 130.21 and continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a bullish 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 Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 95.55. Where can we expect a rebound again and an attempt…
Bitcoin Cash ends the trading week at 469.03 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices broke through 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 580.05. From where a rebound is expected again and an attempt…
Silver ends the trading week near the 26.24 area. Quotes continue to move within the correction and the upward channel. 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 again pushing 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…