GOLD completes the trading week near the 1757 area. XAU/USD quotes continue to move within the correction and 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 1695 area. Further, the continuation of the growth in the price of Gold with a potential target above the level of…
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 correction near the level of 0.6253. 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 the fall from current levels on the market. At the moment, we should expect an attempt to develop the growth of the currency pair on Forex and test the resistance area near the level of 0.6335. Then, a rebound…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9557 The pair continues to move as part of a strong downward correction and a 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. At the moment, we should expect an attempt to reduce…
Bitcoin BTC/USD ends the trading week at 23564, continues to move within the correction and the downward channel. There is potential for a top-down Flag pattern to form. 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 fall in the price of the coin and test the resistance area near the level of 26455. From where we should again expect a rebound down…
Ethereum ETH/USD ends the trading week at 1668 and continues to move as part of the development of a strong bullish correction 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 1875 area. From where we should again expect a rebound down and a continuation of the fall in the…
XRP/USD complete the trading week at 0.3603 and continue to move within the correction 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 0.3925. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1055 again. XRP Weekly Forecast August 1…
Litecoin LTC/USD ends the trading week at 60.14 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 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 rise in prices and a test of the resistance area near the level of 70.05. Where can we expect a rebound down again and an attempt to drop…
Bitcoin Cash completes the trading week at 147.87, continue to move in the framework of correction and the descending channel. Sliding average indicate the presence of a bear’s trend. Prices again test the area between the signal lines, which indicates the pressure from the sellers of the coin and the potential continuation of the fall. As part of the forecast of the BCH/USD course, an attempt to continue the increase in the cost of a digital asset and the resistance area near the level 205.05 should be expected for the next trading week. Where again the rebound is expected to…
Silver complete the trading week near the 19.93 area. The quotes continue to move as part of the rise and the start of the development of the bullish “Wolfe Wave”. Sliding average indicate the presence of a bear’s trend in pair. Prices broke the areas between the signal lines down, which indicates the pressure from the sellers of the metal and the potential continuation of the fall from current levels. At the moment, it is worth expecting an attempt to develop a reduction in the value of the asset and a test level of support near the area of 18.45.…
SHIBA INU ends the trading week at 0.00001161 and 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 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 0.00001255. From where a downward rebound is expected again and an attempt to…