Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6237. 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 growth already from current levels on the market. At the moment, we should expect an attempt to develop a correction of the currency pair on Forex and a test of the resistance area near the level of 0.6285. Then,…
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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.
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9065. The pair continues to move as part of the correction and the formation of the reversal pattern “Wedge”. 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 the price growth and test the resistance area near the level of 0.8875. Further, a rebound upwards and an attempt to…
Bitcoin BTC/USD ends the trading week at 27896, continues to move as part of the development of growth and the formation of a bearish Wolfe Wave pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, 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 rise in the price of the coin and test the resistance area near the level of 28705. From where we should again expect a rebound down and…
Ethereum ETH/USD ends the trading week at the level of 1853 and continues to move as part of the growth and the downward channel. Moving averages indicate the presence of a sideways trend in ETH/USD. Prices have broken through the area between the signal lines up, 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 rise in prices and a test of the resistance level near the area of 1905. From where we should again expect a rebound down and a continuation…
XRP/USD complete the trading week at 0.5023 and continue to move as part of the growth and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.5465. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of…
Litecoin LTC/USD ends the trading week at 90.33 and continues to move as part of the decline and the formation of a Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. 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 rise in the price and a test of the resistance area near the level of 92.85. Where should we expect a downward rebound…
Bitcoin Cash ends the trading week at 123.08, continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 135.05. From where a rebound down is expected again and an…
Silver complete the trading week near the area of 24.94. Quotes continue to move within the framework of growth and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the metal and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a slight decrease in the value of the asset and a test of the support level near…
SHIBA INU ends the trading week at 0.00001094 and continues to move within the correction and formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance area near the level of 0.00001175. From where a rebound…
Dogecoin ends the trading week at 0.0827 and continues to move as part of the fall and the downward channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a rise in the value of the digital asset and test the resistance area near the level of 0.0965. From where a rebound down is expected…