Currency pair Euro Dollar EUR/USD completes the trading week near the region 1.1075 and continue to move as part of the correction and downstream channel. The moving averages indicate the presence of bearish trends. Prices went down from the area between the signal lines, which indicates pressure from the sellers of European currency and the likely continuation of the fall is already with current levels. At the moment, it is worth an attempt to develop the correction and test of the resistance area near the level 1.1295. From where the rebound is expected and the continuation of the fall of…
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.
BRENT complete trade week near the region 104.86 dollars per barrel. And continues to move in the framework of the correction after a strong lift and a bull canal. Moving averages indicate the presence of a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of raw materials and the potential continuation of the lifting. At the moment, it is worth an attempt to develop a correction and test of the support area near the level of 100.55. Then, it is worth considering the rebound up and the continuation of oil…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3145. The pair continues to move within the correction 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 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 1.3265. Further, a rebound down and the continuation of the fall of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 101.58 Rubles per US Dollar. The pair continues to move within the correction and the 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 21 — 25, 2022 we should expect an attempt to develop growth and test the resistance area near the level of 115.05. Where…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7387. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish 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 0.7445. Then, a rebound and continued fall of AUD/USD with a…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2613. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. 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 growth 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 1.2525. Then, a rebound upwards and the continuation of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 118.91. The pair continues to move as part of the growth and development of the “Triangle” model. 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 116.45. Then, a rebound up and continued growth of the fall of the…
GOLD completes the trading week near the 1933 area. XAU/USD quotes continue to move as part of the correction and the development of the Triangle model. 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 1880 area. 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 complete the trading week near the area of 0.6888. 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 a correction of the currency pair on Forex and test the resistance area near the level of 0.6955. Then, a rebound down and the continuation…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9370. The pair continues to move within the framework of growth and the beginning of the development of the “Triangle” model. 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 0.9325. Further, a rebound and an attempt to continue the rise…