Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7194 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 correct the currency pair on Forex and test the support area near the level of 0.6825. Then, a rebound and continuation of the rise of the currency pair with a potential target above…
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 0.8852. The pair continues to move within the decline and the downtrend 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 test the support area near the level of 0.8785. Further, a rebound and an attempt to continue the rise of the pair with a potential…
Bitcoin BTC/USD ends the trading week at the level of 28993 and continues to move as part of 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 a test of the support area near the level of 25655. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above…
Ethereum ETH/USD ends the trading week at 741.27 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 655.05 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 0.2186 and continue to move as part of the fall. 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 continuation of the rise of the cryptocurrency to the area above the level of 0.3755. Cryptocurrency XRP Forecast and…
Litecoin LTC/USD ends the trading week at 124.01 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 100.95. 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 341.01 and continues to move within the rally and ascending 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 295.65. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency…
Silver ends the trading week near the 26.39 area. Quotes continue to move within the framework of the growth and the upward channel. Here, the formation of the “Double Bottom” reversal pattern was completed. Moving averages indicate a bullish trend for the pair. Prices moved 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 25.05 area. Further,…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, 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 1.2293. As part of the Forex forecast for December 31, 2020, we should expect an attempt to develop a downward correction and a test of the support level near the 1.2255…
Currency pair Pound/Dollar GBP/USD continues to move as part of strong growth and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3599. Moving averages indicate a short-term bullish trend. Prices are bouncing again from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to continue the rise in the British Pound against the US Dollar and test…