GOLD completes the trading week near the area of 1826. XAU/USD quotes continue to move within the correction and the rising channel. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through 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 price decline and test the support level near the 1820 area. Further, the continuation of the growth in the price of Gold with a potential target above the level of 2025. GOLD Weekly…
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 0.6317. 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 0.6465. Then, a rebound…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9577 The pair continues to move as part of a strong downward correction and a bullish channel. 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 the price and test the support area near the level of 0.9505. Further, a rebound and an attempt to continue the rise of the pair with…
Bitcoin BTC/USD ends the trading week at 20933, 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 fall in the price of the coin and test the resistance area near the level of 22465. From where we should again expect a rebound down and a continuation of the fall in the…
Ethereum ETH/USD ends the trading week at 1192 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 broken through the area between the signal lines down, 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 1245 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and…
XRP/USD complete the trading week at 0.3530 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 0.3855. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.0505 again. XRP Weekly Forecast June 27…
Litecoin LTC/USD ends the trading week at 54.87 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 rise in prices and a test of the resistance area near the level of 75.05. Where can we expect a rebound down again and an attempt…
Bitcoin Cash ends the trading week at 114.38, 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 205.05. From where a rebound down is expected again and…
Silver complete the trading week near the area of 21.14. Quotes continue to move within the framework of the fall and 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 fall in the value of the asset and a test of the support level near the area of 19.25. Further, the continuation of…
SHIBA INU ends the trading week at 0.00001070 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are 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 SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a rise in the value of the digital asset and a test of the resistance area near the level of 0.00001365. From where a rebound down is expected again and an…