Author: forex24pro

GOLD is completing the trading week near the 1902 area. XAU/USD quotes continue to move within the fall and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are 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 1765 area. Further, the GOLD price will continue to rise with a potential target above the level of 2205. GOLD Price Forecast and Analysis October 5…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6627 area. Moving averages indicate a bullish trend for the pair. Prices are testing the areas 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 0.6705. 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 0.9199. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. The prices once again pushed away from the area between the signal lines, which indicates strong pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce prices again and test the support area near the level of 0.8990. Further, a rebound and an attempt to continue the growth of the pair with…

Bitcoin BTC/USD ends the trading week at 10690 and continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the areas 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 8605. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of…

Ethereum ETH/USD ends the trading week at 343.42 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing 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 305.55 area. 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 0.2303 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing 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 0.1765. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area…

Litecoin LTC/USD ends the trading week at 44.64 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines down. This indicates pressure from buyers of the digital asset and a potential continuation of the rise in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 40.05. Where can we expect a rebound again and an attempt to…

Bitcoin Cash completes the trading week at 218.26 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 210.55. From where a rebound is expected again and an attempt…

Silver is completing the trading week near the 23.84 area. Quotes continue to move within the fall and ascending channel. Moving averages indicate a bullish trend for the pair. Test prices are testing the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop an asset price correction and a test of the support level near the 19.75 area. Further, the continued growth in the price of Silver with a potential target above the level of 29.65. Silver Forecast and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the EUR/USD rate is 1.1739. As part of the Forex forecast for October 2, 2020, we should expect an attempt to grow and test the resistance level near the 1.1765 area. Further, the rebound and…