Stock index Dow Jones continue to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall of the stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at 33265. At the moment, we should expect an attempt to develop a correction and test the resistance level near the 34005 area. Where…
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.
GameStop quotes continue to move within the correction and the downward channel. The moving averages point to a short-term bearish trend for the GME. Prices are re-tresting the area between the signal lines, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of the shares is 110.05. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 127.55. Further, a rebound and continued fall in the value of securities. The potential target of such a movement is the area…
NIO quotes continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for NIO. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a potential continuation of the fall. At the time of publication of the forecast, the value of the shares is 19.86. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 24.35. Further, a rebound and continued fall in the value of securities. The potential…
Quotes of Bed Bath & Beyond continue to move as part of a strong growth and a downward channel. Moving averages indicate a short-term bullish trend for Bed Bath & Beyond. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of the shares is 25.47. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 32.05. Further, a rebound and continued fall in the value of securities. The…
Quotes of United States Steel continue to move as part of the growth and the bullish channel. The moving averages point to a short-term uptrend for United States Steel. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the value of the shares is 33.30. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 28.55. Further, a rebound and continued rise in the value of securities. The potential target…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1019 and 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 sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.1295. Where is the expected rebound and continued fall of the Euro Dollar. The potential target…
BRENT complete the trading week near the area of 111.32 dollars per barrel. And it continues to move within the framework of strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 100.55. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3308. The pair continues to move within the framework of the fall and the descending channel. This is where the “Triangle” model is formed. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.3445.…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 108.87 Rubles per US Dollar. The pair continues to move within the framework of strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week March 7 — 11, 2022, we should expect an attempt to develop growth and test the resistance area near the level…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7362. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices pushed down from the area between the signal lines, 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 0.7405. Then, a rebound and continued fall of AUD/USD with…