Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 68.92 Rubles per US Dollar. The pair continues to move within the framework of the fall and the bearish 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 US dollar and a likely continuation of the fall of the pair from these levels. In the current trading week May 2 — 6, 2022 we should expect an attempt to develop a bullish correction and test the resistance area…
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 Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7149. The pair continues to move within the framework of the fall and the descending channel. Moving averages indicate the presence of a sideways 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 the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.7285. Then, a rebound…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2750. The pair continues to move as part of the rise and the formation of the “Triangle” 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 currency pair and a potential continuation of the rise in the near future. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 1.2515. Then, a rebound upwards and the continuation…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 130.88. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 124.75. Then, a rebound up and continued growth of the fall of the pair to the area below…
GOLD completes the trading week near the 1909 area. XAU/USD quotes continue to move as part of the correction and the formation of the “Wedge” model. Moving averages indicate the presence of a bullish trend for GOLD. Prices are pushing up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. 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 1855. Further, the continuation of the growth in the price of GOLD with a potential…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week with a fall near the 0.6511 area. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines, 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 0.6675. Then, a rebound down and the continuation…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9700 The pair continues to move as part of strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices broke 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. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9535. Further, a rebound and an attempt to continue the rise of the pair with a potential…
Bitcoin BTC/USD ends the trading week at 39056, continues to move as part of the fall. 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 rise in the price of the coin and test the resistance area near the level of 40805. From where we should again expect a rebound down and a continuation of the fall in the Bitcoin rate with a…
Ethereum ETH/USD ends the trading week at 2860 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 3065 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 0.6174 and continue to move as part of the correction and the formation of the “Triangle” model. 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 0.7485. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2605 again.…