Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6294. 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 0.6375. Then, a rebound…
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 ends the trading week near the level of 0.9566 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 completes the trading week at 23244, continues to move as part of the correction and the descending channel. There is a potential for the formation of a descending model ”Bearish Flag”. Sliding average indicate the presence of a bear’s trend. Prices broke the area between the signal lines down, which indicates the pressure from the sellers of the asset and the potential continuation of the drop in the asset quotes. At the moment, it is worth expecting an attempt to develop a fall in the price of a coin and the test of the resistance area near the…
Ethereum ETH/USD completes the trading week at 1665 and continues to move as part of the development of strong bull correction and the descending channel. Sliding average indicate the presence of a bear’s trend on ETH/USD. Prices again test the area between signal lines, which indicates pressure from the sellers of cryptocurrency and a potential continuation of the fall from current levels. At the moment, it is worth expecting an attempt to develop a price growth and a test level of resistance near the area of 1865. Where to again expect a rebound down and the continuation of the rate…
XRP/USD complete the trading week at 0.3719 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 0.3905. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.0805 again. XRP Weekly Forecast August 8…
Litecoin LTC/USD ends the trading week at 61.74 and continues to move as part of a bullish correction and a 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…
Bitcoin Cash ends the trading week at 137.42, 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 210.55. From where a rebound down is expected again and an attempt to…
Silver complete the trading week near the area of 20.17. Quotes continue to move as part of the rise 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 the…
SHIBA INU completes the trading week at 0.00001218 and continues to move as part of the correction and the formation of the “Wedge” reversal pattern. 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 0.00001385. From where a rebound down is…
Dogecoin ends the trading week at 0.0695 and continues to move as part of the correction and the formation of the “Triangle” pattern. 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 DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop the growth in the value of the digital asset and test the resistance area near the level of 0.0855. From where a rebound down is expected…