LTC/USD are traded at 149.64 and continue to move as part of the correction and the beginning of the “Head and Shoulders” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $9,940,412,810. Moving averages indicate a short-term sideways trend in Litecoin. 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 from the current levels. At the moment, we should expect an attempt to develop a rise in the value of a digital asset and…
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 Euro Dollar EUR/USD completes the trading week near the 1.1731 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 sideways 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 1.1825. Where…
BRENT finish the trading week near the area of $ 76.74 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 decline and test the support area near the level of 72.45. Then, the rebound and the continuation of the fall of oil to the area below the level of $…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3719 area. The pair continues to move within the framework of the correction and the formation of the ”Triangle” pattern. Prices are again testing the area between the signal lines, 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 rise and test the resistance area near the level of 1.3845. Further, a rebound down and the beginning of a fall in the Pound/Dollar quotes to an…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.72 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern, which market participants cannot break through to one side. Moving averages indicate a downtrend. The 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 September 27 — October 1, 2021 we should expect an attempt to develop…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7287 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 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 test the resistance area near the level of 0.7365. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2674. A large “Triangle” pattern is formed here. 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 the area between the signal lines upwards, 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 decline and test the support level near the 1.2515 area. Then, a rebound upward and the beginning of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.54 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 108.90 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD completes the trading week near the area of 1755. 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 bullish 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 1735 area. Further, the GOLD price will continue to rise with a potential target above the level…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7058 area. Moving averages indicate a bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise from the current levels in the market. At the moment, we should expect an attempt to develop a bullish 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…