The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.4424. The pair continues to move as part of the growth of the rising channel. Moving averages indicate an uptrend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 1.3905. Then, continued growth of quotations with a target above the level of 1.5205. USD/CAD Forecast and Analysis March 23 — 27, 2020 In favor…
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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 pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 111.22. The pair continues to move as part of strong growth after the fall. Moving averages indicate a bearish trend. Prices have gone far up from the area between the signal lines down, indicating pressure from buyers of the US dollar. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 107.55. Then the rebound and continued growth of the pair in the region above the level of 117.05.…
GOLD completes the trading week near the area of 1480. XAU/USD quotes continue to move as part of the correction and the formation of the head and shoulders reversal pattern. Moving averages indicate a bullish trend for Gold. Prices are testing 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 price growth and test the resistance level near the area of 1580. Further, the continuation of the fall in the price of Gold with a potential target below the level…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.5694. 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 growth of the pair and test the resistance area near the level of 0.5905. Then, a rebound and the beginning of the fall of the currency pair with a potential target below the level of 0.4945. NZD/USD Forecast and Analysis March 23 — 27, 2020 In…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9890. The pair continues to move as part of a strong correction after the fall. Moving averages indicate a downward trend. Prices pierced the area between the signal lines up, which indicates strong pressure from buyers of the American currency. At the moment, we should expect an attempt to increase prices and test the resistance area near the level of 1.0005. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.9275. USD/CHF Forecast and Analysis March…
Bitcoin BTC/USD ends the trading week at 6171 and continues to move as part of the correction. Moving averages indicate a bearish 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 4705. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 8055. Bitcoin Forecast and Analysis March 23 — 27, 2020 In favor of raising BTC/USD quotes in the…
Ethereum ETH/USD closes the trading week at 130.19 and continues to move as part of the 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 65.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 245.05. Ethereum Forecast and Analysis March 23 — 27, 2020 An additional signal in favor of raising the ETH/USD quotes…
XRP/USD end the trading week at 0.1555 and continue to move as part of the correction and the downward channel. 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 0.1005. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3265. XRP Forecast and Analysis XRP/USD March 23 — 27, 2020 An additional signal in favor of the growth of…
Litecoin LTC/USD closes the trading week at 37.66 and continues to move as part of the 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 22.65. 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 218.73 and continues to move as part of a bullish correction. Moving averages indicate a bearish 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 115.05. Where again, a rebound and an attempt to grow Bitcoin Cash with a potential target above the level of 425.05 are expected.…