Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7287 area. Moving averages indicate a bullish trend for the pair. Prices moved upward 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 to correct the currency pair on Forex and test the support area near the level of 0.7035. Then, a rebound and continued rise in the currency pair with a potential target above the level of 0.7745.…
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 0.9061. The pair continues to move within the framework of the growth and the downward channel. Moving averages indicate a bearish trend. The 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 resistance area near the level of 0.8995. Further, a rebound and an attempt to continue the fall of the pair…
Bitcoin BTC/USD ends the trading week at 46325 and continues 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 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 41955. Where can we again expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of…
Ethereum ETH/USD ends the trading week at 1466.20 and continues to move within the fall and the rising 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 rise and test the resistance level near the area of 1675.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target…
XRP/USD end the trading week at 0.4245 and continue to move within the correction and the upward 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 0.3855. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.7005. Cryptocurrency XRP…
Litecoin LTC/USD completes the trading week at 170.54 and continues to move within the correction and 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 test the support area near the 150.65 level. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin with a potential…
Bitcoin Cash ends the trading week at 477.04 and continues to move within a strong correction and an upward channel. Moving averages indicate a bullish trend. Prices are again poking around the areas between the signal lines, which indicates pressure from coin buyers 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 405.55. From where a rebound is expected again and an attempt to grow Bitcoin Cash with…
Silver are completing the trading week near the 26.68 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices went up from 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 of the support level near the 23.55 area. Further, the continued growth in the price of Silver with a potential target above…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, 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 1.2126. As part of the Forex forecast for February 25, 2021, we should expect an attempt to develop a fall and a test of the support level, which…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the rising channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4096. Moving averages indicate a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the support area near the level of 1.3925. Where…