BRENT complete the trading week near the area of 97.73 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 85.55. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the…
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.
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3416. 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 1.3585.…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 85.55 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 February 28 — March 4, 2022, we should expect an attempt to develop a correction and test the support area near…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7204. The pair continues to move within the 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 0.7265. 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 1.2699. The pair continues to move as part of the growth and the formation of the “Triangle” model. 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 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 1.2535. Then, a rebound upwards and…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 115.20. The pair continues to move within the framework of the correction and the formation of the “Triangle” model, which can be broken upwards. 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 114.05. Then, a rebound up and…
GOLD completes the trading week near the 1917 area. XAU/USD quotes continue to move as part of the growth and the start of the Triangle pattern. 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 1885. Further, the continuation of the growth in the price of Gold with a potential…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6718. Moving averages indicate the presence of a bearish trend for the pair. 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 from current levels on the market. At the moment, we should expect an attempt to develop a correction of the currency pair on Forex and a test of the resistance area near the level of 0.6845. Then, a rebound down and the…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9235. The pair continues to move as part of the growth and the formation of a large model “Triangle”. 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 0.9145. Further, a rebound and an attempt to continue the rise of the…
Bitcoin BTC/USD ends the trading week at 38567, continues to move as part of another strong rebound from the lower limit of the bullish channel. 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 42155. From where we should again expect a rebound down and…