GOLD completes the trading week near the 1949 area. XAU/USD quotes continue to move as part of 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 test the support level near the 1885 area. Further, the GOLD price will continue to rise with a potential target above the level of 2245. GOLD Price Forecast and Analysis August 17 —…
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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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6552 area. Moving averages indicate a bullish trend for the pair. Prices have broken 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 0.6655. 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 August 17 — 21,…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9088. 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 0.9015. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD completes the trading week at 11713 and continues to move within the 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 a correction and test the support area near the level of 10065. Where can we expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 15405. Bitcoin Forecast and Analysis…
Ethereum ETH/USD ends the trading week at 424.50 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 downward correction and a test of the support level near the 365.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the level…
XRP/USD end the trading week at 0.2941 and continue to move as part of the correction and the downward channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, 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 0.2305. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4765. XRP Forecast and Analysis…
Litecoin LTC/USD ends the trading week at the level of 56.09 and continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bearish 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 45.05. Where can we expect a rebound again and an…
Bitcoin Cash ends the trading week at 313.02 and continues to move within the growth and upward channel. Moving averages indicate a bearish trend. However, prices have broken the area between the signal lines upward, 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 245.05. From where the rebound and growth of the fall of Bitcoin Cash is…
Silver close the trading week near the area of 26.86. 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 metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 23.05 area. Further, the continued growth in the price of Silver with a potential target above the level of 35.05. Silver Weekly Forecast and Analysis August…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. Here, there is a potential for the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1799. As part of the Forex forecast for August 14, 2020, we should expect an attempt to grow…