GOLD completing the trading week near the 1966 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 decline in prices and a test of the support level near the 1805 area. Further, the continued growth of the GOLD price with a potential target above the level of 2155. GOLD Price Forecast and Analysis August 3…
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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6629 area. Moving averages indicate a bullish trend 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 0.6675. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6135. NZD/USD Forecast and Analysis August 3 — 7, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9124. The pair continues to move within the framework of a strong fall and a 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 0.9035. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at 11325 and continues to move as part of strong growth and the beginning of the development of the «Triangle» model. 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 9960. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential…
Ethereum ETH/USD ends the trading week at 339.71 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 305.05 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 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 57.77 and continues to move as part of strong growth and the beginning of the development of the «Triangle» model. 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 44.05. Where can we expect a rebound again…
Bitcoin Cash completes the trading week at 298.33 and continues to move as part of the strong growth of the beginning of the development of the «Triangle» model. Moving averages indicate a bearish trend. 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 a digital asset and a test of the support area near the level of 240.05. From where the rebound…
Silver ends the trading week near the 23.95 area. Quotes continue to move within the framework of 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 the current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 20.60 area. Further, the continued growth in the price of Silver with a potential target above the level of 27.75. Silver Weekly Forecast and Analysis August 3…
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 bounced back 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. As you can see, buyers are not ready to stop yet. At the time of the publication of the forecast, the EUR/USD rate is 1.1785. As part of the Forex forecast for July 31, 2020, we should expect an attempt to continue the downward correction and…