GOLD completes the trading week near the area of 1509. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for GOLD, prices were able to push off from the level between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1485. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1625. GOLD Price Forecast and Analysis November 4 — 8,…
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 0.6440. Moving averages indicate a bearish trend in the pair. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 0.6515. Then the continuation of the fall of the currency pair with a potential target below the level of 0.6015. NZD/USD Forecast and Analysis November 4 — 8, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9865. The pair continues to move within the correction and the bullish channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 0.9755. 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 November 4 — 8, 2019 In favor of the rise of the Dollar/Franc currency pair, a test of the support line on the relative…
Bitcoin BTC/USD ends the trading week at the level of 9128 and continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend, prices were able to return above the level of signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 8755. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12855. Bitcoin Forecast and…
Ethereum ETH/USD closes the trading week at 178.77 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 185.05. Where again we should expect a rebound and a continuation of the Ethereum rate drop with a potential target below the level of 115.05. Ethereum Forecast and Analysis November 4 — 8, 2019 An additional signal in favor of reducing the ETH/USD quotes for the current trading week November 4…
Ripple XRP/USD end the trading week at 0.2863 and continue to move as part of the correction and the downward 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 development of the upward correction and test the resistance area near 0.3065. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1455. Ripple Forecast and Analysis November 4 — 8, 2019 In favor of the…
Litecoin LTC/USD ends the trading week at 57.04 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend, which remains quite strong. At the moment, we should expect an attempt to grow and test the resistance area near the level of 62.45. Where again we should expect a rebound and an attempt to continue the fall of Litecoin with a potential target below the level of 21.65. Litecoin Forecast and Analysis November 4 — 8, 2019 An additional signal in favor of a drop in LTC/USD quotes in the current trading…
Bitcoin Cash closes the trading week at 271.95 and continues to move as part of the growth and downward channel. Moving averages indicate the presence of a bearish trend, which remains quite strong, as we see prices repel from the area between the signal lines. 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 235.05. Where again, a rebound is expected and an attempt to continue the growth of Bitcoin Cash with a…
Currency pair Euro/Dollar EUR/USD continues to move as part of a slight increase. Moving averages indicate a short-term bullish trend for the pair, prices were able to push off the signal lines, which indicates pressure from buyers of the Euro. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1161. At the moment, we should expect an attempt to reduce and test the support level near the 1.1115 area. 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 1.1345. EUR/USD Forecast…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2941. 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 1.2635. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the currency pair, in…