Dogecoin ends the trading week at 0.1395 and 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 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 0.2205. From where a rebound down is expected again and an…
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 Euro/Dollar EUR/USD continues to move as part of a strong bullish correction. There is potential for an inverted “Head and Shoulders” reversal pattern to form. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 1.1402. As part of the Forex forecast for February 4, 2022, we…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the downward channel. However, the risks of forming an inverted “Head and Shoulders” reversal pattern on higher timeframes remain. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3577. 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 buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7122. At the moment, we should expect an attempt to continue the development of the pair’s growth and a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 114.83. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 February 4, 2022, we should…
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 $88.66 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines up, 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…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the Head and Shoulders reversal pattern. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2693. 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 and a potential continuation of the price pair growth in the near future. At the moment, we should expect an attempt to continue the development of price correction…
GOLD continue to move within the framework of the correction and the start of working out the large “Wedge” model. At the time of the publication of the forecast, the price of Gold is 1802 Dollars per Troy Ounce. 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 asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 1805.…
Silver continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Silver is 22.27. 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 value already from current levels. At the moment, we should expect an attempt to develop an increase in the value of the metal and a test of the resistance level near the area of 22.45. Where should we expect…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again the area between the signal lines, which indicates pressure from 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 publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6645. At the moment, we should…