GOLD is completing the trading week near the 1729 area. XAU/USD quotes continue to move within the fall and the downtrend channel. 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 and a possible reversal of the trend. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1705 area. Further, the continued growth of the GOLD price with a potential target above the level of…
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 0.7030 area. Moving averages indicate a bullish trend for the pair. Prices are again 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 0.7115. 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 0.9405. The pair continues to move within the framework of growth and has left the downtrend channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upward, 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 0.9145. Further, a rebound and an attempt to continue the rise of the pair…
Bitcoin BTC/USD ends the trading week at the level of 59614, continues to move in 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 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 correction and a test of the support area near the level of 55605. Where can we again expect a rebound and continued growth in the Bitcoin exchange rate with a potential…
Ethereum ETH/USD ends the trading week at 1996.71 and continues to move within the growth and upward 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 rise in prices and a test of the support level near the area of 1825.00. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…
XRP/USD end the trading week at the level of 0.5832 and continue to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing 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 0.4755. 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 the level of 203.98 and continues to move within the correction and the ascending 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 correction and a test of the support area near the level of 175.05. Where can we expect a rebound again and an attempt to increase the fall in…
Bitcoin Cash ends the trading week at 560.56 and continues to move within the growth and 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 fall in the value of a digital asset and a test of the support area near the level of 475.05. From where a rebound is expected again and an attempt to grow Bitcoin Cash with a…
Silver ends the trading week near the 24.93 area. Quotes continue to move within the correction and the ascending channel. A large ”Triangle” model is also formed here. Moving averages indicate a bullish trend for the pair. Prices are again testing 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 area of 24.45. Further, the continued growth…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1735. As part of the Forex forecast for April 1, 2021, we should expect an attempt to develop growth and test the resistance level, which is located…