Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with growth near the area of 136.44. The pair continues to move as part of the growth and the formation of the bullish “Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from US dollar buyers and a potential continuation of growth. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 137.05. Then, a rebound down and the continuation of the…
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.
GOLD ends the trading week with strong growth near the 1842 area. XAU/USD quotes continue to move as part of the growth 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 price decline and test the support level near the 1785 area. Further, the continuation of the growth in the price of Gold with a potential target above the level of…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of the fall near the level of 0.6222. 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 0.6315. Then,…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9396. The pair continues to move within the framework of growth and a downward channel. Moving averages indicate a bearish trend. Prices are again testing 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 0.9525. Further, a rebound down and an attempt to continue the fall of…
Bitcoin BTC/USD ends the trading week at 22344, continues to move as part of the development of the fall and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. At the moment, we should expect an attempt to develop a growth in the price of the coin and test the resistance area near the level of 25305. From where we should again expect a rebound down and a continued fall in the…
Ethereum ETH/USD ends the trading week at 1565 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish 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 correction and a test of the resistance level near the area of 1725. From where we should again expect a rebound down and a continuation of the fall in the exchange rate…
XRP/USD complete the trading week at 0.3606 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall 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 0.3805. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.1645. XRP…
Litecoin LTC/USD ends the trading week at 88.86 and continues to move within the correction and the downward 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 rise in prices and a test of the resistance area near the level of 95.65. Where should we expect a downward rebound again and an attempt to continue the fall in…
Bitcoin Cash ends the trading week at 123.90, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 attempt…
Silver complete the trading week near the 21.00 area. Quotes continue to move as part of the correction and the formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of 19.85.…