Author: forex24pro

BRENT finish the trading week near the area of ​​$ 78.92 per barrel. And it continues to move within the correction and the bullish channel. However, the potential is already visible for the formation of a large “Head and Shoulders” reversal pattern, which could send the oil chart below $ 50 per barrel. Moving averages indicate a bullish trend. Prices moved 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 growth and test the resistance area…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3509 area. The pair continues to move within the bullish correction after the test of an important support area, as well as the lower curtain of the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance area near…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.53 Rubles per US Dollar. The pair continues to move within the framework of growth and has left the bearish channel. Moving averages indicate a downtrend. The prices broke through the area between the signal lines upward, which indicates pressure from the US dollar buyers and the likely continuation of the pair’s growth from these levels. In the current trading week January 3 — 7, 2022 we should expect an attempt to develop a correction and a test of the support area near the…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7268 area. The pair continues to move within the bullish correction and the downtrend channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 small bullish correction and a test of the resistance area near the level of 0.7315. Then, the rebound and the continuation…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2717. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate the presence of a bearish trend, which is coming to an end, as we can see, the movings practically crossed in favor of the pair’s growth. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continued growth. At the moment, we should expect an attempt to develop a correction and…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 115.08 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 112.75 area. Then, the rebound and the continuation of the rise of the pair to…

GOLD is completing the trading week near the 1818 area. XAU/USD quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend for Gold. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the area of ​​1765. Further, the continued growth of the GOLD price with a potential target above the level of…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6843 area. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the current levels in the market. At the moment, we should expect an attempt to develop an upward correction of the currency pair on Forex and a test of the resistance area near the level of 0.7025. Then, a rebound and continuation of the fall…

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9122. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. A bullish ”Triangle” pattern is also forming here. Moving averages indicate a bullish trend. The prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9105. Further, a rebound…

Bitcoin BTC/USD ends the trading week at the level of 48232, continues to move as part of the correction and the bullish channel. There is potential for a Head and Shoulders reversal pattern to form, which could push the price of the leading coin below the 25,000 level. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the asset’s quotes. At the moment, we should expect an attempt to develop a rise in the price of the…