GOLD completes the trading week near the area of 1487. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for Gold, prices are still pushing away from the level between the signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to reduce and test the support level near the area of 1465. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1610. GOLD Price Forecast and Analysis October 21 — 25, 2019…
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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 0.6367. Moving averages indicate a downward 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 0.6495. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.5955. NZD/USD Forecast and Analysis October 21 — 25, 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 0.9889. The pair continues to move as part of the decline and the bullish channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to slightly decrease and test the support area near the level of 0.9805. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0325. USD/CHF Forecast and Analysis October 21 — 25, 2019 In favor of the rise of the Dollar/Franc currency pair, a test of the support line on the…
Bitcoin BTC/USD ends the trading week at 7889 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. Moving averages indicate a bullish trend, but prices were able to break through the area between the lines, indicating pressure from sellers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6750. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12375. Bitcoin Forecast and Analysis October 21…
Ethereum ETH/USD closes the trading week at 169.51 and continues to move as part of the correction and the bearish 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 the continuation of the Ethereum rate drop with a potential target below the level of 100.05. Ethereum Forecast and Analysis October 21 — 25, 2019 An additional signal in favor of a drop in ETH/USD quotes in the current trading week October…
Ripple XRP/USD end the trading week at 0.2871 and continue to move as part of a slight growth and a downward channel. Moving averages indicate the presence of a bearish trend, prices have already repelled twice from signal lines. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near 0.3105. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1535. Ripple Forecast and Analysis October 21 — 25, 2019 In favor of the fall in XRP/USD quotes…
Litecoin LTC/USD closes the trading week at 52.22 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near the level of 62.45. Where again we should expect a rebound and an attempt to start falling in Litecoin with a potential target below the level of 25.05. Litecoin Forecast and Analysis October 21 — 25, 2019 An additional signal in favor of falling LTC/USD quotes in the current trading week on October 21 — 25, 2019…
Bitcoin Cash ends the trading week at the level of 211.01 and continues to move as part of a slight fall and the beginning of the development of the «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend, which remains quite strong. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 235.05. Where again, a rebound is expected and an attempt to continue the fall of Bitcoin Cash with a potential…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of strong growth. Moving averages indicate the presence of a short-term downtrend for the pair. Prices are already trading above the level of signal lines, indicating strong pressure from the bulls. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1073. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1050. 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 1.1275.…
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 1.2864. 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 1.2765. 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…