BRENT finish the trading week near the area of $ 84.53 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 76.55. 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 1.3780 area. The pair continues to move within the correction and the downward channel. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to reduce and test the support area near the level of 1.3475. Further, an upward rebound and the beginning of the rise in the Pound/Dollar quotes to the area above the level of 1.4605.…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 70.37 Rubles per US Dollar. The pair continues to move as part of the fall and the beginning of the ”Triangle” pattern. 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 October 25 — 29, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7487 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7545. Then, the rebound and the continuation of the…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2330. The pair continues to move within the fall. Moving averages indicate a bearish trend. Prices broke the area between the signal lines downward, 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 1.2245 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the level of 1.3095. USD/CAD Forecast…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 113.76 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 110.05 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD completes the trading week near the 1803 area. The XAU/USD quotes continue to move as part of a slight rise and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for GOLD. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in price. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1730 area. Further, the GOLD price will continue to rise with a potential target above…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7142 area. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth 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 0.7175. Then, a rebound and continuation of the fall of the…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9160. The pair continues to move within the correction and again returned to the descending channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9045. Further, a rebound and an attempt to continue the rise of the pair with a potential target…
Bitcoin BTC/USD ends the trading week at 63433, continues to move within the growth and bullish channel. However, while above the local maximum, the quotes are in no hurry to go further up. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continued 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 53665. Where can we again expect a rebound and a…