The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2778. The pair continues to move within the framework of the fall and the downtrend channel, the bears pushed through an important chunk of support at 1.2990. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 1.2575 area. Then, a…
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 pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.35 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 102.65 area. Then, the rebound and the continuation of the rise of the pair to the area above the…
GOLD is completing the trading week near the 1883 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 1855 area. Further, the GOLD price will continue to rise with a potential target above the level of 2215. GOLD Price Forecast and Analysis December 21 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7119 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 grow the currency pair on Forex and test the resistance area near the level of 0.7175. 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 0.8850. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a downtrend. 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 target…
Bitcoin BTC/USD ends the trading week at 22758 and continues to move within the strong 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 20505. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 27865.…
Ethereum ETH/USD ends the trading week at 643.41 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 585.05 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 the level of 0.5689 and continue to move within the framework of the growth and the ascending channel. 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 0.4805. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level…
Bitcoin Cash ends the trading week at 256.89 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are again pushing 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 240.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…
Silver ends the trading week near the 25.86 area. Quotes continue to move within the framework of the growth and the ascending channel. 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 24.05 area. Further, the continued growth in the price of Silver with a potential…