Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 104.27 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing 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 downward correction and a test of the support level near the 103.75 area. Then, a rebound and continued growth of the pair to the area above the level of 111.15.…
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.
GOLD completing the trading week near the 1954 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices bounced off 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 1855 area. Further, the GOLD price will continue to rise with a potential target above the level of 2245. GOLD Price Forecast and Analysis September 21 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6781 area. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6855. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6125. NZD/USD Forecast and Analysis September 21 — 25, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9097. The pair continues to move within the sideways correction and the downward channel. Moving averages indicate a downtrend. Prices went far down from the area between the signal lines, which indicates strong pressure from the sellers of the American currency and the potential continuation of the instrument’s fall. At the moment, we should expect an attempt at another price reduction and a test of the support area near the level of 0.8875. Further, a rebound and an attempt to continue the growth of the pair with a…
Bitcoin BTC/USD ends the trading week at 10944 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from 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 9565. 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 363.82 and continues to move within the correction and the upward channel. Here, the “Diamond” model is formed, in case of a breakdown of the pattern upward, one should expect a strong growth in the value of the asset. The cryptocurrency rate can also be supported by the fact that Uniswap launched its own UNI token. At this point, there was a strong increase in the network hash rate to the level of 2018, and Ethereum miners received a maximum commission of almost one million dollars per hour. Moving averages indicate a bullish…
XRP/USD end the trading week at 0.2490 and continue to move as part of the correction and the formation of the “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 0.1675. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the…
Litecoin LTC/USD completes the trading week at the level of 48.34 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a sideways 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 45.65. Where can we expect a rebound again and…
Bitcoin Cash ends the trading week at 235.27 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. However, prices have broken down the area between the signal lines, 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 the digital asset and test the support area near the level of 200.55. From where a rebound is expected again and an attempt to grow the Bitcoin Cash…
Silver ends the trading week near the 26.96 area. Quotes continue to move within the correction and the upward channel. As you can see, the current levels are a serious resistance on the way of buyers, the upward breakdown did not take place. 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 the asset and a…