Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6598. Moving averages indicate a downward trend in the pair. However, prices broke through the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6385. Then continued growth of the currency pair with a potential target above the level of 0.7155. NZD/USD Forecast and Analysis December 23 — 27, 2019 In favor of the growth of the NZD/USD currency pair, a test…
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.
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9805. The pair continues to move as part of the fall and the formation of the «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are below 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 0.9635. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0215. USD/CHF Forecast and Analysis December 23 — 27,…
Bitcoin BTC/USD ends the trading week at the level of 7161 and continues to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate a downward trend. Prices pierced the area between the signal lines down, indicating pressure from the sellers of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6335. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 11055. Bitcoin Forecast and…
Ethereum ETH/USD closes the trading week at 126.16 and continues to move as part of the fall and the formation of the reversal pattern «Wedge». 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 110.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 235.05. Ethereum Forecast and Analysis December 23 — 27, 2019 An additional signal in favor of raising the ETH/USD quotes for the current…
Ripple XRP/USD end the trading week at the level of 0.1910 and continue to move as part of the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1765. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3505 as part of the development of the bullish Wolf Wave model. Ripple Forecast and…
Litecoin LTC/USD ends the trading week at 39.41 and continues to move as part of the decline and the formation of the «Wedge» model. Moving averages indicate a bearish trend, which remains quite strong, prices continue to push from the area between the signal lines. This indicates continued pressure from the bears. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 37.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above 75.65. Litecoin Forecast and Analysis December 23…
Bitcoin Cash ends the trading week at 187.24 and continues to move as part of the decline and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend, which remains strong. As you can see, prices continue to remain below the level of signal lines, which indicates pressure from sellers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to continue the fall in the value of the digital asset and test the support area near the level of 155.05. Where again, a rebound and an…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices again push off from the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1125. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1085. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of this movement is the area above the level of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3071. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to depreciate the British Pound and test the support area near the level of 1.2895. Where again we should expect a rebound and continued growth of quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the currency pair, in the framework…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bullish trend. Prices again pushed from the area between the signal lines, indicating pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6881. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6905. Further, the rebound and the beginning of the fall of quotations in the area below 0.6745.…