GOLD completes the trading week near the 1750 area. XAU/USD quotes continue to move within the correction and have left the bearish 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 fall in prices and a test of the support level near the area of 1705. Further, the continuation of the growth in the price of Gold with a potential target above…
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 fall near the level of 0.6202. 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 level…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9571 The pair continues to move as part of the growth and a long-term bullish channel. The potential for the formation of the “Wedge” reversal pattern remains, with the breakdown of which it is worth considering the continuation of the price rise. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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…
Bitcoin BTC/USD ends the trading week at 21437, continues to move within the correction and the downward channel. There is a potential for the formation of a descending “Flag Flag” pattern, in case of a breakdown of such a pattern, an aggressive continuation of the fall should be considered. Moving averages indicate a bearish trend. Prices continue to rebound 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 fall in the price of…
Ethereum ETH/USD ends the trading week at 1702 and continues to move as part of a strong fall and a 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 sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price increase and test the resistance level near the 1985 area. Where can we expect a downward rebound and a continued fall in the exchange rate and the cost of Ethereum with…
XRP/USD complete the trading week at 0.3321 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 cryptocurrency’s decline from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3415. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2255 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 54.41 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines. This indicates pressure from the 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 price rise and test the resistance area near the level of 70.05. Where can we expect a rebound down again and an attempt to drop the…
Bitcoin Cash ends the trading week at 118.21, 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 195.05. From where a rebound down is expected again and…
Silver complete the trading week near the area of 19.22. Quotes continue to move within the framework of the correction and the beginning of the development of the bullish “Wolfe Wave” model. 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…
SHIBA INU ends the trading week at 0.00001279 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 up, which indicates pressure from buyers of the coin and a potential continuation of growth. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop an increase in the value of the digital asset and test the resistance area near the level of 0.00001435. From where a rebound down is expected again and an attempt…