Currency pair Euro to Japanese Yen EUR/JPY continues to move as part of the decline and the beginning of the development of the ”Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency against the Japanese yen and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/Japanese Yen rate is 128.79. As part of the Forex forecast for the EUR/JPY rate for August 17, 2021, we…
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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 1.1798 area. The pair continues to move as part of the correction and completion of the formation of the large “Head and Shoulders” reversal pattern. As you can see, prices are once again trying to gain a foothold under the “Neck” line, but so far no breakdown has taken place. As soon as the bears are able to break through this support area, it is worth considering a serious drop in the currency pair. Moving averages indicate a bullish trend for the pair. Prices went down from the area…
BRENT finish the trading week near the area of $ 70.71 per barrel. And it continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing 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 fall and a test of the support area near the level of 65.05. Then, a rebound and continued growth of oil to the area above the level of $ 90.05 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3869 area. The pair continues to move within the correction and the bullish channel. 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 grow and test the resistance area near the level of 1.4045. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the level of 1.2535. GBP/USD…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.14 Rubles per US Dollar. The pair continues to move within the framework of the correction and the formation of the ”Triangle” pattern, which market participants cannot break through in any way. Moving averages indicate a bullish trend. 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, August 16 – 20, 2021, we should expect an attempt to…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7370 area. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. However, 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 0.7485. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2508. The pair continues to move within the correction. Moving averages indicate a bearish trend. Prices are again testing 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 1.2275 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the level of 1.3445. USD/CAD…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 109.61 area. The pair continues to move within the correction 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 108.75 area. Then, the rebound and the continuation of the rise of the pair to the area above…
GOLD is completing the trading week near the area of 1778. XAU/USD quotes continue to move as part of the correction and the formation of a “Double Bottom” reversal pattern. Moving averages indicate a bullish trend for Gold. However, prices have broken down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1705 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 0.7041 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 0.7165. Then, a rebound and continuation of the fall of…