Author: forex24pro

GOLD is completing the trading week near the 1834 area. XAU/USD quotes continue to move within the correction and the ascending channel. 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 price decline and test the support level near the 1815 area. Further, the GOLD price will continue to rise with a potential target above the level of 2135. GOLD Price Forecast and Weekly Analysis January 18…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7131 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 raise the currency pair on Forex and test the resistance area near the level of 0.7225. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level…

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8895. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates strong 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 a test of the support area near the level of 0.8765. 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 36272 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 30505. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the…

Ethereum ETH/USD ends the trading week at 1174.90 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 slight downward correction and a test of the support level near the 965.00 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the…

XRP/USD end the trading week at 0.2747 and continue to move as part of the correction. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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 0.1905. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4945. Cryptocurrency XRP Forecast and Analysis January…

Litecoin LTC/USD ends the trading week at the level of 143.22 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 115.05. Where can we expect a rebound again and an attempt to increase the fall in…

Bitcoin Cash completes the trading week at 485.18 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices went up again 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 360.55. From where a rebound is expected again and an attempt to grow Bitcoin…

Silver ends the trading week near the 24.82 area. Quotes continue to move within the framework of the growth and the ascending channel. There is also potential for the formation of the “Triangle” model. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines again, 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 22.25 area. Further,…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall. 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 growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2146. As part of the Forex forecast for January 15, 2021, we should expect an attempt to develop growth and a test of the resistance level, which is located on the pair near the 1.2225…