Gold ends the trading week with growth near the 2383 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 2295 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2665. GOLD Forecast April 22…
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 0.5893. 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 bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5945. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9089. The pair continues to move as part of the development of growth and the formation of the Head and Shoulders reversal pattern. Moving averages indicate a bearish 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 0.9135. Next, a…
Bitcoin BTC/USD ends the trading week at the level of 64703 and continues to move as part of the development of the correction and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we can expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 59605. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 3102 and continues to move within the bearish 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 can expect an attempt to develop a price decline and a test of the support level near the 2735 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target…
Litecoin LTC/USD ends the trading week at 80.87 and continues to move as part of the development of a strong downward correction and a bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 77.65. From where we can again expect a rebound upward and…
Quotes of Silver XAG/USD end the trading week near the 28.28 area. Quotes continue to move within the growth 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 minor bearish correction in the value of the asset and a test of the support level near the 27.25 area. Next, the price of Silver will continue to rise with a potential target above…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall 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 1.0671. As part of the Forex forecast for April 19, 2024, we should expect an attempt to develop…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of a correction and a bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2467. Moving averages indicate a short-term bullish trend. 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 instrument’s decline. At the moment, we should expect an attempt to develop a rise in the rate of the British Pound against the American…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a short-term bearish trend. 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 fall 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 0.6439. At the moment, we should expect an attempt to develop growth and test the…