Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7076 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continued growth. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7145. Then, the rebound and the continuation of the fall in AUD/USD with a potential target below the level of 0.6110. AUD/USD Forecast and Analysis…
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.
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3434. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1.3405 area. Then, the continued growth of quotations with a target above the level of 1.4135. USD/CAD Forecast…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 106.37. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed 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 downward correction and a test of the support level near the 105.05 area. Then, a rebound and continued growth of the pair to the area above the level…
GOLD completing the trading week near the 1894 area. The XAU/USD quotes continue to move within the growth and 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 test the support level near the 1790 area. Further, the GOLD price will continue to rise with a potential target above the level of 2125. GOLD Price Forecast and Analysis July 27 — 31, 2020…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6623 area. Moving averages indicate a sideways trend in the pair. Prices broke the area between the signal lines upwards, 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 0.6675. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6145. NZD/USD Forecast and Analysis July 27 — 31, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9259. The pair continues to move within the correction and the downward 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 0.9125. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at 9513 and continues 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 testing 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 continue growth and test the resistance area near the level of 9735. Where can we expect a rebound again and the continuation of the fall in the Bitcoin rate with…
Ethereum ETH/USD ends the trading week at 269.59 and continues to move as part of the growth. 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 correct and test the support level near the 245.05 area. Where can we expect a rebound and continued growth in the rate and value of Ethereum with a potential target above the level of 365.55. Ethereum Forecast and Analysis July…
XRP/USD end the trading week at the level of 0.2017 and continue to move as part of 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 sellers and a potential drop in the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.2325. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level of 0.1185. XRP Forecast and Analysis…
Litecoin LTC/USD ends the trading week at 43.96 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a minor bullish correction and a test of the resistance area near the level of 45.05. Where can we expect a rebound again and an attempt to start a fall in the value of…