BRENT finish the trading week near the area of $ 71.40 per barrel. And it continues to move within the framework of the fall and the bullish channel. Moving averages indicate a bullish trend. Prices are trying to bounce off the area between the signal lines, which indicates pressure from commodity buyers and a potential continuation of the rally. At the moment, we should expect an attempt to develop a downward correction and a test of the support area near the level of 62.05. Then, the rebound and the continuation of the rise in oil to the area above 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 ends the trading week near the 1.3226 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices have broken down 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 the level of 1.3285. Further, a rebound down and the continuation of the fall in…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.79 Rubles per US Dollar. The pair continues to move within the rally and 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 December 6 — 10, 2021 we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 74.75. Where…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7019 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices broke the area between the signal lines downward, 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 continue the development of a small bullish correction and test the resistance area near the level of 0.7155. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2805. The pair continues to move as part of the growth and formation of an inverted Head and Shoulders pattern. Moving averages indicate a bearish trend. 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 a test of the support level near the 1.2585 area. Then, a rebound upward and the beginning of the rise in…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 114.08 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 111.85 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the area of 1775. 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 price decline and a test of the support level near the 1755 area. Further, the GOLD price will continue to rise with a potential target above the level of 1965.…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6755 area. Moving averages indicate a bullish 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 0.6935. Then, a rebound and continuation of the fall…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9193. The pair continues to move within the framework of the rise and the formation of the ”Triangle” pattern. 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 and an attempt to continue the rise…
Bitcoin BTC/USD ends the trading week at 55380, continues to move within the correction and the bullish channel. 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 correction and a test of the support area near the level of 53605. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the…