Gold ends the trading week with growth near the 1942 area. XAU/USD quotes continue to move as part of the rise and the bullish channel. Moving averages indicate the presence of a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the area of 1910. Further, a rebound in prices up and continued growth of Gold with a potential target above…
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 against the US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.6125. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from current levels on the market. At the moment, we should expect an attempt to develop the rise of the currency pair on Forex and test the resistance area near the level of 0.6325.…
Currency pair Dollar Franc USD/CHF completes the trading week near the level of 0.8703. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to develop a rise in prices and a test of the resistance area near the level of 0.8885. Further, a rebound down and an attempt to continue…
Bitcoin BTC/USD ends the trading week at 29166, continues to move as part of the development of a correction and a 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 continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 27605. From where we should again expect a rebound upwards and continued growth in…
Ethereum ETH/USD ends the trading week at 1835 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the 1825 area. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum with a…
Litecoin LTC/USD ends the trading week at 83.11 and continues to move as part of the fall and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. 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 price correction and a test of the support area near the level of 77.05. Where can we expect a rebound again and an attempt to continue the…
Quotes of Silver XAG/USD complete the trading week near the area of 23.62. Quotes continue to move as part of the rise after a strong fall. Moving averages indicate the presence of a bullish trend for the asset. Prices are again testing the area between the signal lines, which indicates pressure from metal sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a slight correction in the value of the asset and a test of the support level near the area of 23.45. Further, the continuation of the…
The currency pair Euro to US Dollar (EUR/USD) continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the Euro against the US Dollar is 1.0952. As part of the Forex forecast for August 4, 2023, we should expect an attempt…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the bearish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2726. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish correction of the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6551. At the moment, we should expect an attempt to develop the pair’s growth…