GOLD completes the trading week near the 1766 area. The XAU/USD quotes continue to move as part of the growth and the beginning of the “Double Bottom” reversal pattern. Moving averages indicate a sideways trend in 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 1715 area. Further, the GOLD price will continue to rise with a potential target above the level of 2105. GOLD Price…
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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7235 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 0.7265. 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 0.9083. The pair continues to move within the fall and is testing the upper border of the broken down channel. Moving averages indicate a bearish trend. Prices are again 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 0.9045. Further, a rebound and an attempt to continue the rise…
Bitcoin BTC/USD ends the trading week at 54447, continues to move as part of the fall and the development of the “Wedge” reversal pattern. 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 58455. 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 2780.88 and continues to move as part of the growth and the ascending channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from 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 a price correction and a test of the support level near the area of 2155.05. Where can we expect a rebound again and a continuation of the rise in the rate and…
XRP/USD end the trading week at the level of 1.5275 and continue to move within the framework of the growth and the ascending 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 1.3065. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above…
Litecoin LTC/USD ends the trading week at 263.84 and continues to move within the growth and 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 fall in prices and a test of the support area near the level of 230.05. Where can we expect a rebound again and an attempt to increase the value of Litecoin with…
Bitcoin Cash ends the trading week at 924.48 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices moved up from 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 the fall in the value of the digital asset and test the support area near the level of 725.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…
Silver ends the trading week near the 25.86 area. Quotes continue to move within the correction and the ascending channel. A large “Triangle” pattern is also forming here, 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 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of a large reversal pattern ”Head and Shoulders”. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotations already from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2078. As part of the Forex forecast for April 29, 2021, we should expect an attempt to develop a bullish correction…