Author: forex24pro

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…

Bitcoin Cash ends the trading week at 233.22 and 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 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 raise the value of a digital asset and a test of the resistance area near the level of 235.95. From where a rebound is expected again and an attempt to fall Bitcoin Cash with…

Silver close the trading week near the 22.57 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 21.05 area. Further, the continued growth in the price of Silver with a potential target above the level of 26.05. Silver Weekly Forecast and Analysis July 27…

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/US Dollar rate is 1.1610. As part of the Forex forecast for July 24, 2020, we should expect an attempt to continue growth and test the resistance level near the 1.1665 area. Further, the…