GOLD completes the trading week near the area of 1557. 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, indicating pressure from buyers. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1520. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1705. GOLD Price Forecast and Analysis January 20 — 24, 2020 An additional signal…
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 0.6609. Moving averages indicate a downward trend in the pair. However, prices broke through the area between the signal lines, which indicates pressure from buyers 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 0.6755. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6155. NZD/USD Forecast and Analysis January 20 — 24, 2020 In favor of…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9679. The pair continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are far from the area between the signal lines, indicating pressure from sellers of American currency. At the moment, we should expect an attempt to continue to reduce prices and test the support area near the level of 0.9595. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0275. USD/CHF Forecast and…
Bitcoin BTC/USD ends the trading week at 8861 and continues to move as part of the growth and the beginning of the development of the «Wedge» model. Moving averages indicate a downward 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 the fall and test the support area near the level of 7855. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12565. Bitcoin Forecast and…
Ethereum ETH/USD closes the trading week at 168.62 and continues to move as part of the correction and the formation of the «Wedge» reversal pattern. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 145.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.05. Ethereum Forecast and Analysis January 20 — 24, 2020 An additional signal in favor of raising the ETH/USD quotes for the current…
XRP/USD complete the trading week at 0.2329 and continue to move as part of the correction and the formation of the bullish «Wolfe Wave». Moving averages indicate a bearish trend. Prices continue to build on signal lines, indicating bearish pressure. At the moment, we should expect an attempt to continue the continuation of the fall and test the support area near 0.1705. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3555 as part of the development of the bullish «Wolfe Wave» model. XRP Forecast and Analysis XRP/USD January…
Litecoin LTC/USD closes the trading week at 60.88 and continues to move as part of strong growth and the beginning of the development of the «Wedge» model. Moving averages indicate a bearish trend, which remains strong. Prices are again testing the area between the signal lines. This indicates continued pressure from sellers. At the moment, we should expect an attempt to fall and test the support area near the level of 40.65. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above 115.55. Litecoin Forecast and Analysis January 20 — 24,…
Bitcoin Cash ends the trading week at 357.49 and continues to move as part of strong growth and an upward channel. Moving averages indicate a bearish trend. However, prices have broken the signal line area up, which indicates strong pressure from buyers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to drop the value of the digital asset and test the support area near the level of 265.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of…
Currency pair Euro/Dollar EUR/USD continues to move as part of a slight growth and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pushed from the area between the signal lines, indicating pressure from buyers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1158. As part of the FOREX forecast, we should expect an attempt to continue growth and test the resistance level near the area of 1.1180. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3057. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3160. 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 purpose of…