Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6830 area. Moving averages indicate a bullish trend for the pair. Prices have moved upward between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from 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 0.6895. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6135. NZD/USD…
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 0.9145. 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 0.8935. 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 16206 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 growth and test the resistance area near the level of 15405. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 20365. Bitcoin Forecast and…
Ethereum ETH/USD ends the trading week at 462.48 and continues to move as part of the growth and formation of the “Triangle” pattern. 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 405.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with…
XRP/USD end the trading week at 0.2549 and continue to move as part of the correction and the 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 0.2305. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the…
Litecoin LTC/USD ends the trading week at 63.13 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upwards. 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 55.05. Where can we expect a rebound again and an attempt to increase…
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 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 225.05. From where a rebound is expected again and an…
Silver ends the trading week near the 24.21 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the metal 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 an 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and were able to leave the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing 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 1.1789. As part of the Forex forecast for November 13, 2020, we should expect an attempt at a bullish correction and a test of the resistance level…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the bearish Wolfe Wave pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3185. Moving averages indicate a short-term bullish trend. Prices went up the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the resistance area…