Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD end the trading week within the framework of the fall near the level of 0.5812. 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 fall 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…
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.
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8993. The pair continues to move as part of the development of the fall and the bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s decline from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 0.8765. Next, a rebound upwards and an attempt to…
Bitcoin BTC/USD ends the trading week at the level of 34093 and continues to move as part of the development of growth and a 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 29045. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 1785 and continues to move within the growth and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and potential continued 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 1505 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 the level…
Litecoin LTC/USD ends the trading week at 67.69 and continues to move as part of the correction and has left the bullish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. 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 a bullish price correction and a test of the resistance area near the level of 76.45. Where can we again expect a downward rebound and an…
Quotes of Silver XAG/USD end the trading week near the 22.81 area. Quotes continue to move within the correction and bearish channel. Moving averages indicate a bearish trend for an asset. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the metal and a potential continuation of the fall 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 area of 22.15. Next, the price of Silver will continue to…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a bullish correction and the formation of a bearish “Wolfe Wave” pattern. Moving averages indicate 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 1.0644. As part of the Forex forecast for October 24, 2023, we should…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of growth and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2224. 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 potential continued growth of the instrument. At the moment, we should expect an attempt to develop a slight bullish correction in the British Pound rate…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a bullish correction and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal signals 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 0.6334. At the moment, we should expect an attempt to continue the…
The quotes of the USD/JPY currency pair continue to move as part of the development of a correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.77. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for October 24, 2023, we should expect an attempt to develop a…