The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2543. The pair continues to move within the framework of the correction and has left the descending channel. 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 1.2435 area. Then, a rebound upward and the beginning of the rise in quotations…
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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 111.85 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 109.75 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the 1758 area. The XAU/USD quotes continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for Gold. Prices have broken down the area between the signal lines, 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 1715 area. Further, the GOLD price will continue to rise with a potential target above the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6923 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 0.7095. Then, a rebound and continuation of the fall…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9237. The pair continues to move within the framework of growth and left the descending channel. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upwards, 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 0.9175. 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 55398, continues to move within the growth and bullish channel. 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 47055. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the level of…
Ethereum ETH/USD ends the trading week at 3638 and continues to move as part of the rise and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the area of 2975. Where can we expect a rebound and a continuation of the rise in the rate and value…
XRP/USD end the trading week at 1.0751 and continue to move as part of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.9105. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.7595. Cryptocurrency…
Litecoin LTC/USD ends the trading week at the level of 181.23 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 135.05. Where can we expect a rebound again and an attempt to raise the…
Bitcoin Cash ends the trading week at 610.46 and continues to move within the rally and bullish channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 415.05. From where a rebound is expected again and an attempt to raise the Bitcoin Cash…