GOLD completes the trading week near the area of 1651. 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 development of a bullish trend. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1590. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1795. GOLD…
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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 0.6348. Moving averages indicate a downward trend in the pair. Prices pushed off the signal lines, indicating pressure from the sellers of the currency pair and the potential continuation of the decline. At the moment, we should expect an attempt to continue the development of the bullish pair correction and test the resistance area near the level of 0.6325. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5755. NZD/USD Forecast and Analysis…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9370. The pair continues to move in the framework of a strong fall and a downward channel. Unfortunately, the bulls were not able to start testing the bullish Wolfe Wave model. 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 0.9525. Further, a rebound and an attempt to continue the fall of the pair…
Bitcoin BTC/USD ends the trading week at 9033 and continues to move as part of the correction. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating strong pressure from buyers and a potential upward rebound from current levels. At the moment, we should expect an attempt to continue minor correction and test the support area near the level of 8095. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12735. Bitcoin Forecast and Analysis March 9 — 13, 2020 In…
Ethereum ETH/USD closes the trading week at 233.32 and continues to move as part of the growth. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines, 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 195.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 335.05. Ethereum Forecast and Analysis March 9 — 13, 2020 An additional signal in favor…
XRP/USD complete the trading week at the level of 0.2378 and continue to move as part of the correction and the beginning of the development of the Bullish Wolfe bullish model. 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 start the development of the correction and test the support area near 0.2045. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3905. XRP Forecast and Analysis XRP/USD…
Litecoin LTC/USD ends the trading week at 61.23 and continues to move as part of the correction and the upward channel. Moving averages indicate a lateral 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 55.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 100.05. Litecoin Forecast and Analysis March 9 — 13, 2020…
Bitcoin Cash ends the trading week at 340.58 and continues to move as part of the correction after strong growth. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from coin sellers, however, the potential for upward rebound growth still persists. 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 315.05. Where again, a rebound and an attempt to grow Bitcoin Cash is expected…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern at shallow time intervals. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are located far from the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1189. As part of the Forex forecast, we should expect an attempt to continue the development of the correction and test the resistance level near the 1.1195 area.…
Currency pair Pound/Dollar GBP/USD continues to move as part of the bullish correction and the bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2920. Moving averages indicate a short-term bearish trend. However, prices have pierced the area between the lines up, which indicates pressure from buyers, however, the potential for falling is still preserved. At the moment, we should expect an attempt to develop the correction of the British Pound and a test of the resistance area near the level of 1.2945. Where again we should expect a…