GOLD completing the trading week near the 1867 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 a test of the support level near the 1845 area. Further, the GOLD price will continue to rise with a potential target above the level of 2160. GOLD Price Forecast and Analysis November 23…
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 0.6926 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. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6985. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9099. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a downtrend. Prices are testing 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 correct prices and test the support area near the level of 0.8975. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the…
Bitcoin BTC/USD ends the trading week at 18300 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 17255. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 22350. Bitcoin Forecast and…
Ethereum ETH/USD ends the trading week at 495.51 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 445.65 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 0.2985 and continue to move as part of the growth and formation of the “Head and Shoulders” 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 0.2435. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level…
Litecoin LTC/USD ends the trading week at 80.91 and continues to move as part of strong growth and the start of the “Triangle” pattern. 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 65.05. Where can we expect a rebound again and an attempt to increase the…
Bitcoin Cash completes the trading week at 253.54 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, prices have broken the area between the signal lines upwards, which indicates pressure from the coin’s buyers and a 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 230.55. From where a rebound is expected again and an…
Silver ends the trading week near the 24.16 area. Quotes continue to move within the correction and the upward 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 correction in the value of the asset and a test of the support level near the 22.05 area. Further, the continued growth in the price of Silver with a potential target above the level…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the downward pattern “Wolfe Wave”, which is delaying its formation. Moving averages indicate a short-term bullish trend for the pair. Prices bounced back from the area between the signal lines upwards, 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 EUR/USD rate is 1.1878. As part of the Forex forecast for November 19, 2020, we should expect an attempt at a bullish correction and…