Silver complete the trading week near the area of 25.17. Quotes continue to move within the framework of growth and left the limits of the descending channel. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the metal and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a fall in the value of the asset and a test of the support level near the 23.05 area. Further, the continuation…
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.
SHIBA INU ends the trading week at 0.00002493 and continues to move within the correction and 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 the sellers of the coin and a potential continuation of the fall. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the resistance area near the level of 0.00002945. From where a rebound down is…
Dogecoin ends the trading week at 0.1272 and continues to move as part of the fall 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 the sellers of the coin and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a slight increase in the value of the digital asset and test the resistance area near the level of 0.1755. From where a rebound down is expected again…
Currency pair Pound Yen GBP/JPY completes the trading week near the level of 153.39. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from currency buyers and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to continue rising prices and a test of the resistance area near the level of 154.75. Further, a rebound down and an attempt to continue the fall of the…
Currency pair Euro Yen EUR/JPY completes the trading week near the level of 126.72. The pair continues to move within the framework of the fall and the descending channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from currency sellers and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a price correction and test the resistance area near the level of 128.55. Further, a rebound down and an attempt to continue the fall of the pair with…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.1090. As part of the Forex forecast for March 4, 2022, we should expect an attempt to develop a rise in prices and…
Currency pair Pound/Dollar GBP/USD continues to move within the correction and the downward channel. This is where the “Triangle” model is formed. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3383. Moving averages indicate the presence of a short-term bullish 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 of the instrument. At the moment, we should expect an attempt to develop a correction in the price of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the formation of the downward pattern “Wolfe Wave”. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7307. At the moment, we should expect an…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the US dollar to the Japanese Yen is 115.67. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on March 4, 2022,…
Brent continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $117.38 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the area of…