Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7395. 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 up, which indicates pressure from buyers of the asset and a potential continued growth 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 0.7475. Then, a rebound and continued…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2604. 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 down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 1.2395. 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 126.44. 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 120.45. Then, a rebound up and continued growth of the fall of the pair to the area below…
GOLD completes the trading week near the 1973 area. XAU/USD quotes continue to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through the area between the signal lines up, 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 1905. Further, the continuation of the growth in the price of Gold with a potential target above the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6768. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the 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 0.6875. Then, a rebound down and the continuation…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9424. The pair continues to move within the growth and 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 0.9285. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the…
Bitcoin BTC/USD ends the trading week at 40533, continues to move as part of the correction and the formation of the “Wedge” 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 rise in the price of the coin and a test of the resistance area near the level of 40905. From where we should again expect a rebound down and a continuation…
Ethereum ETH/USD ends the trading week at 3038 and continues to move within the correction 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 3155 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost…
XRP/USD complete the trading week at 0.7727 and continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.7805. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of…
Litecoin LTC/USD ends the trading week at 111.56 and continues to move as part of the fall and the formation of the “Triangle” 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 bullish price correction and test the resistance area near the level of 125.05. Where can we expect a rebound down again and an…