Gold ends the trading week with growth near the 2337 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 2255 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2635. GOLD Forecast May 6…
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 currency pair New Zealand Dollar are finishing the trading week as part of the development of a fall near the level of 0.5958. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the decline from current levels in the market. At the moment, we should expect an attempt to develop a bearish correction of the currency pair on Forex and a test of the support area near the level of 0.5865. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9120. The pair continues to move as part of the development of the fall and the formation of an inverted “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the American currency and a potential continuation of the instrument’s growth from current levels. At the moment, we should expect an attempt to develop a price rise and a test of the resistance area near the level of 0.9145.…
Bitcoin BTC/USD ends the trading week at the level of 57301 and continues to move as part of the development of the fall and has left the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we should expect an attempt to develop a growth in the price of the coin and a test of the resistance area near the level of 59705. From where we can again expect a downward…
Ethereum ETH/USD ends the trading week at 3187 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2865 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above…
Litecoin LTC/USD ends the trading week at 76.38 and continues to move within the fall and left the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 83.65. Where can we again expect a downward rebound and an attempt to continue the fall in…
Quotes of Silver XAG/USD end the trading week near the 27.22 area. Quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the asset and a test of the support level near the 25.35 area. Next, the price of Silver will continue to rise with a potential target above the…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and a bullish channel. There is still potential for the formation of a Head and Shoulders reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0704. As part…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of a correction and a downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2513. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and test the resistance area near…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6524. At the moment, we should expect an attempt to…