GOLD completes the trading week near the area of 1584. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for GOLD. Prices continue to push 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 downward price correction and test the support level near the area of 1525. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1825. 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 area of 0.6151. 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 continue the fall of the pair and test the support area near the level of 0.6045. Then, a rebound and the beginning of the growth of a currency pair with a potential target above the level of 0.6855. NZD/USD Forecast and Analysis March 16 — 20, 2020 In…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9448. The pair continues to move as part of the correction after a strong fall. Moving averages indicate a downward trend. Prices pushed from the area between the signal lines, indicating 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 0.9605. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.8905. USD/CHF Forecast and Analysis March 16 —…
Bitcoin BTC/USD ends the trading week at 5594 and continues to move as part of a strong fall. Moving averages indicate a bullish trend. Prices have broken down 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 4555. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 8405. Bitcoin Forecast and Analysis March 16 — 20, 2020 In favor of raising BTC/USD quotes in…
Ethereum ETH/USD closes the trading week at 128.69 and continues to move as part of a strong fall. Moving averages indicate a bullish 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 March 16 — 20, 2020 An additional signal in favor of…
XRP/USD end the trading week at the level of 0.1502 and continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.1255. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3945. XRP Forecast and Analysis XRP/USD March 16 — 20, 2020 An…
Litecoin LTC/USD ends the trading week at 34.03 and continues to move as part of a strong fall and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down. 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 80.55. Litecoin Forecast and…
Bitcoin Cash ends the trading week at 174.52 and continues to move as part of a strong fall. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from the sellers of the coin. 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 155.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 415.05 are expected.…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices returned to the area between the signal lines, indicating pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1207. As part of the Forex forecast, we should expect an attempt to continue the development of the fall and test the support level near the area of 1.1105. Further, the rebound and continued growth of the Euro/Dollar currency pair. The…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2861. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines down, indicating pressure from the sellers and the potential continuation of the decline. At the moment, we should expect an attempt to develop the growth of the British Pound and a test of the resistance area near the level of 1.2695. Where again we should expect a rebound and a continued fall in…