GOLD ends the trading week with a fall near the 1757 area. XAU/USD quotes continue to move as part of the growth and the downward channel. There is still potential for working out the double bottom reversal pattern. Moving averages indicate the presence of a bearish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price fall. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the 1720 area. Further, the continuation…
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 New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a bullish correction near the level of 0.6042. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal ones, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to continue the development of the bullish correction of the currency pair on Forex and test the resistance area near the…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9568. The pair continues to move within the correction and a long-term 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 US currency and a potential continuation of the growth of the instrument from current levels. At the moment, we should expect an attempt to develop a downward price correction and a test of the support area near the level of 0.9485. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at 17276, continues to move as part of the correction and completes the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices have gone down from 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 bullish correction in the price of the coin and a test of the resistance area near the level of 18065. From where we should again expect a rebound down and…
Ethereum ETH/USD ends the trading week at 1269 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have gone down from the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 1425. 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 0.3829 and continue to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 0.4205. 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 62.18 and 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. 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 the price growth and test the resistance area near the level of 72.05. Where should we expect a downward rebound again and an attempt to continue the fall in the…
Bitcoin Cash ends the trading week at 103.49, continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 bullish correction in the value of the digital asset and test the resistance area near the level of 120.05. From where a rebound down is expected again…
Silver complete the trading week near the area of 21.41. Quotes continue to move within the framework of growth and left the limits of the descending channel. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines up, 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. Further,…
SHIBA INU ends the trading week at 0.00000820 and continues to move within the fall and the long-term downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 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 0.00001005. From where a rebound down is…