Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of the growth near the level of 0.6341. There is potential to complete the formation of the downward Wolfe Wave pattern, which could poison the pair to 0.5915 and even lower. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal lines, 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…
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 USD/CHF Dollar/Franc completes the trading week near the level of 0.9215. The pair continues to move as part of the growth and the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 price decrease and test the support area near the level of 0.9105. Further, a rebound upwards and an attempt…
Bitcoin BTC/USD ends the trading week at 21877, continues to move as part of the growth 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 the rise in the price of the coin and test the resistance area near the level of 26055. From where we should again expect a rebound down and a continued fall in the Bitcoin rate with…
Ethereum ETH/USD ends the trading week at 1548 and continues to move as part of the growth and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing the areas between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 1785. From where we should again expect a rebound down and a continuation of the fall in the exchange…
XRP/USD complete the trading week at 0.3814 and continue to move within the correction 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 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 0.4165. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.2105. XRP Forecast…
Litecoin LTC/USD ends the trading week at 127.18, continues to move within the correction 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 145.05. From where a rebound down is expected again and an attempt to…
Bitcoin Cash ends the trading week at 127.18, continues to move within the correction 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 145.05. From where a rebound down is expected again and an attempt to…
Silver complete the trading week near the area of 22.18. Quotes continue to move within the correction and the downward channel. Moving averages indicate the presence of a bullish trend for the pair. Prices are again testing the area between the signal lines, 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 decrease in the value of the asset and a test of the support level near the area of 21.65. Further, the continuation of the rise in the price…
SHIBA INU ends the trading week at 0.00001242 and continues to move within the correction and the bullish 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 SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.00001135. From where a rebound is expected…
Dogecoin ends the trading week at 0.0826 and continues to move within the correction and left the 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 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 correction in the value of the digital asset and a test of the support area near the level of 0.0975. From where a rebound down is expected…