Silver complete the trading week near the area of 23.72. Quotes continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. 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 sellers of the metal and a potential continuation of the fall 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 area 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.
SHIBA INU ends the trading week at 0.00002883 and continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth. 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 support area near the level of 0.00002455. From where a…
Dogecoin ends the trading week at 0.1401 and continues to move within the correction and the downward 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 up, which indicates pressure from buyers of the coin and a potential continuation of growth. 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 0.1845. From where a rebound…
Currency pair Euro/Dollar EUR/USD continues to move as part of a bullish correction and a downward channel. A descending ”5-0” pattern is also forming here. 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 European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.1377. As part of the Forex forecast for February 18, 2022, we should expect…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Head and Shoulders” model. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3625. 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 attempt to reduce the price of the British Pound against the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the Head and Shoulders reversal pattern. Moving averages indicate the presence of a short-term bearish 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 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 0.7214. At the moment, we should expect an attempt…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 115.01. 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 February 18, 2022, we should expect an…
Brent continue to move within the correction and the bullish channel. At the time of publication of the forecast, the price of Brent oil is $93.45 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices are again testing 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 92.05 dollars per barrel.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar exchange rate is 1.2696. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the pair’s fall in the near future. At the moment, we should expect an attempt to continue the development of price correction and a…
GOLD continue to move as part of a strong growth and a bullish channel. At the time of the publication of the forecast, the price of Gold is 1886 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 up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the 1860 area. Where should we expect a rebound upwards…