Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 104.87 area. The pair continues to move within the framework of strong growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 103.85 area. Then, the rebound and the continuation of the rise of the pair to the…
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 completes the trading week near the 1819 area. XAU/USD quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1750 area. Further, the continued growth of the GOLD price with a potential target above the level of 2145. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7212 area. Moving averages indicate a bullish trend for the pair. Prices went up 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 to raise the currency pair on Forex and test the resistance area near the level of 0.7365. Then, a rebound and continuation of the fall of the currency pair with a potential target below…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8902. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices bounced off 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 continue falling prices and test the support area near the level of 0.8845. Further, a rebound and an attempt to continue the rise of the pair with a potential target above…
Bitcoin BTC/USD ends the trading week at the level of 47312 and 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 test the support area near the level of 41055. Where can we expect a rebound and continued growth in the Bitcoin rate with a potential target above the…
Ethereum ETH/USD ends the trading week at 1770.59 and continues to move within the strong 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 slight downward correction and a test of the support level near the area of 1535.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target…
XRP/USD end the trading week at the level of 0.5518 and continue to move as part of the correction and the formation of a large “Triangle” pattern. 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 0.4295. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area…
Litecoin LTC/USD completes the trading week at 180.63 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. 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 level of 155.95. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin with a…
Bitcoin Cash ends the trading week at 525.53 and continues to move within the rally and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, indicating 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 385.95. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency with…
Silver are completing the trading week near the 27.04 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 slight correction in the value of the asset and a test of the support level near the 25.35 area. Further, the continued growth in the price of Silver with a potential target above…