GOLD completes the trading week near the 1773 area. XAU/USD quotes continue to move within the correction and the downward channel. Moving averages indicate a bullish trend for Gold. Prices are testing the area between the signal lines again, 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 area of 1685. Further, the continued growth of the GOLD price with a potential target above the level of 2025. GOLD Price Forecast and Weekly…
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 0.7247 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 0.7155. Then, a rebound and a continuation of the rise of the currency pair with a potential target above the…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8946. 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 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 with a potential target below…
Bitcoin BTC/USD ends the trading week at 51774 and continues to move within the growth and 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 test the support area near the level of 43505. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 57255. Bitcoin Forecast and…
Ethereum ETH/USD ends the trading week at 1914.24 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 area of 1625.05. 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 0.5333 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 0.4185. 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 232.76 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 a test of the support area near the level of 185.05. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…
Bitcoin Cash ends the trading week at the level of 717.04 and continues to move as part of the rise 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 625.55. From where a rebound is expected again and an attempt to grow…
Silver ends the trading week near the 26.88 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 area of 25.95. 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. There is potential for the completion of the inverted “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations already from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2067. As part of the Forex forecast for February 19, 2021, we should expect an attempt…