DOGE/USD are trading at 0.2803 and continue to move as part of the rise and the bullish channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 0.2615 area. Where can we expect a rebound again and continued growth in the Dogecoin rate with…
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 is trading at the time of the publication of the forecast at the level of 0.000056460 and continues to move within the correction and the downward channel. The correction continues across the coin. However, there is some good news. The current price structure is very reminiscent of the formation of the Head and Shoulders reversal pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the current levels. As part of the SHIB/USD rate…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1539 area. The pair continues to move as part of the fall and the beginning of the development of the large “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1675. Where…
BRENT finish the trading week near the area of $ 81.01 per barrel. And it continues to move within the framework of the rise and the bullish channel. 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 a downward correction and a test of the support area near the level of 76.05. Then, a rebound and continued rise in oil to the area above the level of $…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3430 area. The pair continues to move within the fall and the downtrend channel. Prices have broken down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to correct and test the resistance area near the level of 1.3565. Further, a rebound down and the continuation of the fall in the Pound/Dollar quotes to the area below the level of 1.2495.…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 70.58 Rubles per US Dollar. The pair continues to move within the correction and the bearish channel. Moving averages indicate a downtrend. Prices broke through the area between the signal lines downward, which indicates pressure from the US dollar sellers and the likely continuation of the pair’s fall from these levels. In the current trading week November 8 — 12, 2021 we should expect an attempt to develop a correction and a test of the resistance area near the level of 72.55. Where can…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7373 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices broke through 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 bullish correction and a test of the resistance area near the level of 0.7455. Then, the rebound and the…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2472. The pair continues to move within the fall. Moving averages indicate a bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.2355 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the level of 1.3095. USD/CAD…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 113.81 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 111.25 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the area of 1794. XAU/USD quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bearish trend for Gold. Prices have broken the area between the signal lines upwards, 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 test the support level near the 1745 area. Further, the GOLD price will continue to rise with a potential target above the level of 2025. GOLD Price…