GOLD completes the trading week with a correction near the 1661 area. XAU/USD quotes continue to move within the correction and the downward channel. Moving averages indicate the presence of a bearish trend for Gold. Prices have broken through the area between the signal lines down, 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 area of 1635. Further, the continuation of the growth in the price of Gold with a potential target…
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 strong fall near the level of 0.5798. Moving averages indicate the presence of a bearish trend for the pair. Prices have gone down from 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 develop a bullish correction of the currency pair on Forex and a test of the resistance area near the…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9816. The pair continues to move within the framework of strong growth and a long-term bullish channel. The potential remains for the completion of the formation of the “Head and Shoulders” reversal pattern, the breakdown of which will send the pair to new highs above the level of 1.0355. 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.…
Bitcoin BTC/USD ends the trading week at 19049, continues to move as part of the fall 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 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 19565. From where we should again expect a rebound down and a continuation of the…
Ethereum ETH/USD ends the trading week at 1314 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices broke down 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 increase and test the resistance level near the area of 1775. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost of…
XRP/USD complete the trading week at 0.4989 and continue to move as part of the growth and left the limits of 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 correction and test the support area near 0.4125. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 0.9005 again.…
Litecoin LTC/USD ends the trading week at 52.39 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish 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 rise in prices and a test of the resistance area near the level of 56.55. Where can we expect a rebound down again and an attempt to…
Bitcoin Cash ends the trading week at 114.41, continues 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 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 120.05. From where a rebound down is expected again and…
Silver complete the trading week near the area of 19.43. Quotes continue to move within the correction and left the limits of the downward channel. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the areas 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 17.95. Further, the continuation…
SHIBA INU ends the trading week at 0.00001082 and continues to move within the fall and the long-term 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 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 0.00001225. From where a rebound down is…