GOLD closes the trading week near the area of 1497. XAU/USD quotes continue to move as part of the growth and have already tested the area above the level of 1500 in the current trading week, indicating a general economic instability and an attempt by investors to invest in conservative instruments. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1405. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1575. GOLD Price Forecast…
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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 0.6486. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6575. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.6110. NZD/USD Forecast and Analysis August 12 — 16, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on the relative strength index (RSI)…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9736. The pair continues to move within the correction and the upward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9705. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0105. USD/CHF Forecast and Analysis August 12 — 16, 2019 In favor of the rise of the Dollar/Franc currency pair, a test of the support line on the relative strength index…
Bitcoin BTC/USD ends the trading week at 11793 and continues to move as part of the growth and upward channel. Moving averages indicate a bullish trend. An important area of support is located near the level of 9000. It is worth noting that the cryptocurrency rate continues to grow at a time when the general mood of the cryptocurrency market looks bearish. At the moment, we should expect an attempt to correct and test the support area near the level of 10550. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate…
Ethereum ETH/USD ends the trading week at 209.11 and continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the support level near the area of 180.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 325.00. Ethereum Forecast and Analysis August 12 — 16, 2019 In favor of raising the ETH/USD quotes for the current trading week, August 12 — 16, 2019, a test of the…
Ripple XRP/USD end the trading week at 0.2945 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near 0.3595. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1650. Ripple Forecast and Analysis August 12 — 16, 2019 In favor of reducing the XRP/USD quotes in the current trading week, August 12 — 16, 2019, a test of the downward trend line on the relative strength index (RSI)…
Litecoin LTC/USD ends the trading week at 85.43 and continues to move as part of the correction. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue the correction and test the support area near the level of 75.00. Where again we should expect a rebound and an attempt to continue growth in Litecoin with a potential target above the level of 175.00. Litecoin Forecast and Analysis August 12 — 16, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week on August 12 — 16, 2019…
Bitcoin Cash ends the trading week at 313.99 and continues to move as part of the decline and the rising channel. Moving averages indicate a lateral trend. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to correct and test the resistance area near the level of 345.00. Where again, a rebound is expected and an attempt to continue the fall of Bitcoin Cash with a potential target below the level of 125.00. Bitcoin Cash Forecast and Analysis August 12 — 16, 2019 An additional signal in favor of falling…
Currency pair Euro/Dollar EURUSD continues to move as part of the upward correction and the bearish channel. Moving averages indicate the presence of a short-term bearish trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1210. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1235. Further, a rebound and the beginning of a decline in the Euro/Dollar currency pair. The potential target of this movement is the area below the level of 1.0995. EUR/USD Forecast Euro Dollar August 9, 2019 An…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2136. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to increase the rate and test the resistance area near the level of 1.2175. Where again we should expect a rebound and the continued fall of the British Pound against the US Dollar. The target of the downward movement of the currency pair, in the framework of…