Author: forex24pro

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6555 area. Moving averages indicate a downtrend for 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 0.6605. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6155. NZD/USD Forecast and Analysis July 20 — 24, 2020 An…

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9387. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. Prices went 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 drop and a test of the support area near the level of 0.9315. Further, a rebound and an attempt to continue the growth of the pair with a…

Bitcoin BTC/USD completes the trading week at 9147 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 9705. 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 231.76 and continues to move as part of the correction and the downward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are bouncing off 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 grow and test the resistance level near the area of ​​250.05. Where can we expect a rebound again and a continued decline in the rate and value of Ethereum with a potential target below the level…

XRP/USD end the trading week at 0.1913 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices went down from 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 0.2065. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level of 0.0805. XRP Forecast and Analysis XRP/USD July…

Litecoin LTC/USD ends the trading week at 41.56 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the areas 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 42.55 level. Where can we expect a rebound again and an attempt to start a fall in the value of Litecoin…

Bitcoin Cash completes the trading week at 222.11 and continues to move as part of the fall and the formation of another «Triangle» pattern. Moving averages indicate a bearish trend. Prices are testing 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 forecast for the next trading week, we should expect an attempt to raise the value of a digital asset and test the resistance area near the level of 230.55. From where a rebound is expected again and an attempt to drop Bitcoin…

Silver ends the trading week near the 19.35 area. Quotes continue to move within the framework of 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 the current levels. At the moment, we should expect an attempt to raise the value of the asset and test the resistance level near the 19.85 area. Further, the beginning of the fall in the price of Silver with a potential target below the level of 13.75. Silver Weekly Forecast and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have moved far up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1402. As part of the Forex forecast for July 17, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1455 area. Further, the rebound…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2560. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the currency pair and the potential continued growth of the asset. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and test the resistance area…