The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2998. The pair continues to move within the framework of the rise and the beginning of the development of the “Triangle” model. Moving averages indicate a bullish 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 1.2855. 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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 128.92. The pair continues to move within the correction and the 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 126.95. Then, a rebound up and continued growth of the fall of the pair to the area…
GOLD completes the trading week near the 1816 area. XAU/USD quotes continue to move as part of a strong fall and an upward channel. Moving averages indicate the presence of a bullish 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 decrease in prices and a test of the support level near the area of 1795. Further, the continuation of the growth in the price of Gold with a potential target…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week with a fall near the level of 0.6240. 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 0.6305. Then, a rebound down and the…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9994 The pair continues to move as part of a 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 0.9745. Further, a rebound and an attempt to continue the rise of the pair with a…
Bitcoin BTC/USD ends the trading week at 30265, continues to move as part of the fall and the formation of a bullish ”Wolfe Wave” pattern. 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 a test of the support area near the level of 28505. From where we should again expect a rebound upwards and…
Ethereum ETH/USD ends the trading week at 2077 and continues to move as part of the fall and the formation of a bullish ”Wolfe Wave” pattern. 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 reduction and a test of the support level near the 1705 area. From where we should again expect a rebound upwards and continued growth in…
XRP/USD complete the trading week at 0.4385 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 0.5305. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1405 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 69.51 and continues to move as part of the fall and the formation of a bullish Wolfe Wave pattern. 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 fall in prices and test the support area near the level of 50.05. Where should we expect a rebound again and…
Bitcoin Cash nds the trading week at 209.21, 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 fall in the value of the digital asset and test the support area near the level of 185.05. From where a rebound is expected again and an…