GOLD completes the trading week near the area of 1681. Quotes XAU/USD continue to move as part of the growth and upward channel. Moving averages indicate a bullish trend for GOLD. Prices pushed from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the area of 1515. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1785. GOLD Price…
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 complete the trading week near the 0.6067 area. Moving averages indicate a downward trend in the pair. Prices pushed off the signal lines, indicating pressure from the sellers of the currency pair. At the moment, we should expect an attempt to grow the pair and test the resistance area near the level of 0.6245. Then, a rebound and the beginning of the fall of the currency pair with a potential target below the level of 0.5385. NZD/USD Forecast and Analysis April 13 — 17, 2020 In favor of the fall…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9655. The pair continues to move as part of a bullish correction after the fall. Moving averages indicate a downward trend. Prices are testing the area between the signal lines, which indicates strong pressure from sellers of American currency. At the moment, we should expect an attempt to increase prices and test the resistance area near the level of 0.9850. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.9105. USD/CHF Forecast and Analysis April 13…
Bitcoin BTC/USD ends the trading week at 6865 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating strong pressure from sellers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 3765. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 9965. Bitcoin Forecast and Analysis April 13 — 17, 2020 In favor of raising BTC/USD quotes in the current…
Ethereum ETH/USD closes the trading week at 155.12 and continues to move as part of the decline and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend for ETH/USD. Prices have broken down the area between the signal lines, which indicates pressure from cryptocurrency sellers. At the moment, we should expect an attempt to reduce and test the support level near the area of 85.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 215.05. Ethereum Forecast and Analysis April 13 —…
XRP/USD end the trading week at 0.1835 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.0885. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3005. XRP Forecast and Analysis XRP/USD April 13 — 17, 2020 An additional signal in favor of the growth of XRP/USD quotes…
Litecoin LTC/USD ends the trading week at 41.40 and continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines. This indicates pressure from sellers of the digital asset. At the moment, we should expect an attempt to develop a slight correction and test the support area near the level of 20.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 85.05. Litecoin Forecast and Analysis…
Bitcoin Cash ends the trading week at 231.69 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers. As part of the forecast for the BCH/USD rate 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 95.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of 365.05. Bitcoin Cash Forecast and…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and formation of the «Triangle» model. Moving averages indicate a short-term bearish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0941. As part of the FOREX forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 1.0875. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2475. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to continue the development of the depreciation of the British Pound and test the support area near the level of 1.2395. Where again we should expect a…