Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.69. 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 104.15 area. Then, a rebound and continued growth of the pair to the area above the level of…
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 1934 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 1775 area. Further, the GOLD price will continue to rise with a potential target above the level of 2205. GOLD Price Forecast and Analysis August 24 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6527 area. Moving averages indicate a bullish trend for the pair. Prices bounce 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 0.6635. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6065. NZD/USD Forecast and Analysis August 24 — 28, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9125. The pair continues to move within the decline and the downtrend channel. Moving averages indicate a downtrend. Prices have gone far 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 at another price reduction and a test of the support area near the level of 0.9095. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at 11736 and continues to move within the correction and the 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 10105. Where can we again expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of…
Ethereum ETH/USD completes the trading week at 404.41 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 365.95 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 0.2844 and continue to move as part of the correction and the downward channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.2325. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.4655. XRP Forecast and…
Litecoin LTC/USD ends the trading week at 61.21 and continues to move within the growth and upward channel. However, prices are testing the upper border for the second time and there is no breakdown yet. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. 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…
Bitcoin Cash ends the trading week at 292.53 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the coin and a potential continuation of the rise. 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 a test of the support area near the level of 265.55. From where the rebound and growth of the fall of Bitcoin Cash is…
Silver are completing the trading week near the 26.65 area. Quotes continue to move within the correction after a strong growth. 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 metal and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 23.25 area. Further, the continued growth in the price of Silver with a potential target above the level of 35.15. Silver Weekly Forecast…