GOLD completes the trading week near the area of 1581. XAU/USD quotes continue to move as part of the growth and upward channel. Moving averages indicate a bullish trend for GOLD. Prices continue to remain above 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 correct prices and test the support level near the area of 1535. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1735. GOLD Price Forecast and…
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 0.6432. Moving averages indicate a downward trend in the pair. Prices returned under the signal lines, indicating pressure from the sellers of the currency pair and a potential continuation of the decline. At the moment, we should expect an attempt to grow the pair and test the resistance area near the level of 0.6555. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5965. NZD/USD Forecast and Analysis February 17 — 21, 2020…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9816. The pair continues to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are again testing the area between the signal lines, indicating strong pressure from sellers of the American currency and a potential drop from current ones. At the moment, we should expect an attempt to continue to reduce prices and test the support area near the level of 0.9665. Further, a rebound and an attempt to grow the pair…
Bitcoin BTC/USD ends the trading week at 10275 and continues to move as part of strong growth. Moving averages indicate a bullish trend. Prices were able to break through the area between the signal lines up, which indicates strong pressure from buyers. At the moment, we should expect an attempt to continue a minor correction and test the support area near the level of 9405. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 14155. Bitcoin Forecast and Analysis February 17 — 21, 2020 In favor of…
Ethereum ETH/USD closes the trading week at 273.01 and continues to move as part of the growth. Moving averages indicate a bearish trend for ETH/USD. Prices have pierced the area between the signal lines up, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 210.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 375.05. Ethereum Forecast and Analysis February 17 — 21, 2020 An additional signal in favor of raising…
XRP/USD end the trading week at 0.3246 and continue to move as part of the growth and downward channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines up, which indicates pressure from the bulls. At the moment, we should expect an attempt to start the correction and test the support area near 0.2435. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.5295. XRP Forecast and Analysis XRP/USD February 17 — 21, 2020 In favor of the growth of XRP/USD quotes…
Litecoin LTC/USD ends the trading week at 80.92 and continues to move as part of strong growth. Moving averages indicate a bearish trend, but the lines almost crossed in favor of growth. Prices have already broken through the area between the signal lines up. This indicates pressure from buyers 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 62.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 130.05. Litecoin…
Bitcoin Cash ends the trading week at 491.47 and continues to move as part of strong growth. Moving averages indicate a bullish trend. Prices have gone far from the area between the signal lines, indicating strong pressure from coin buyers. 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 410.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 685.05 are expected. Bitcoin…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have gone far from the area between the signal lines, indicating strong pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0840. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0885. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3054. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to correct the British Pound and test the resistance area near the level of 1.3085. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US Dollar. The target of the downward movement of the currency pair, in…