Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 106.25 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 104.25 area. Then, a rebound and continued growth of the pair to the area above the level of 114.75.…
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 is completing the trading week near the 1926 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 1895 area. Further, the GOLD price will continue to rise with a potential target above the level of 2235. GOLD Price Forecast and Analysis September 7…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6713 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 0.6795. 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 7 — 11, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9139. 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 0.9035. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at 10440 and continues to move within a strong correction and an upward channel. Moving averages indicate a bullish trend. Prices are again 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 develop a correction and test the support area near the level of 9655. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 14565. Bitcoin…
Ethereum ETH/USD ends the trading week at 383.16 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 area of 315.55. 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 0.2496 and continue to move as part of the correction and the downward channel. 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 0.1805. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4465. XRP Forecast…
Litecoin LTC/USD completes the trading week at 49.81 and continues to move within the correction and ascending channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again. 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 43.35. Where can we expect a rebound again and an attempt to start the growth in the…
Bitcoin Cash ends the trading week at 229.41 and continues to move within the fall and the rising channel. Moving averages indicate a bullish trend. However, prices have broken 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 the digital asset and test the support area near the level of 180.05. From where a rebound is expected again and an attempt to grow Bitcoin Cash with…
Silver are completing the trading week near the 26.59 area. Quotes continue to move as part of the correction and the formation of the “Triangle” model. 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 25.25 area. Further, the continued growth in the price of Silver with a potential target above the level…