GOLD is completing the trading week near the area of 1694. XAU/USD quotes continue to move within the fall and the downtrend channel. Moving averages indicate a bullish trend for Gold. However, prices have strongly 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 decline in prices and a test of the support level near the area of 1675. Further, the continued growth of the GOLD price with a potential target above the level of 1975. 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 0.7127 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 0.7225. 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 0.9285. The pair continues to move within the framework of the growth and 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 with…
Bitcoin BTC/USD ends the trading week at the level of 47108 and continues to move as part of the correction 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 41625. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target…
Ethereum ETH/USD ends the trading week at the level of 1473.75 and continues to move within the fall and 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 rise and a test of the support level near the area of 1465.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential…
XRP/USD end the trading week at the level of 0.4515 and continue to move within the correction 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 0.3365. 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 ends the trading week at the level of 173.01 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 147.05. Where can we expect a rebound again and an attempt to increase the fall in…
Bitcoin Cash ends the trading week at the level of 481.04 and continues to move within the correction and ascending channel. Moving averages indicate a bullish trend. Prices are again testing the areas 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 407.85. From where a rebound is expected again and an attempt to grow the…
Silver ends the trading week near the 25.25 area. Quotes continue to move within the correction and the ascending channel. 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 of the support level near the 22.65 area. Further, the continued growth in the price of Silver with a potential target above the…
With the Central Bank of China having already issued its first digital currency and with Australia and other countries endorsing the use of blockchain technology on government applications, the digital currency industry has continued to grow. With this growth comes the attention of various government agencies when it comes to policies and regulations. Because digital currencies have gained a reputation for engaging in money laundering and other illicit activities, many countries have banned its use while some have strictly regulated it. The recent appointment of Treasury Secretary Janet Yellen has everyone waiting on what changes she would make when it…