Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.64 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 flat trend. 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 6-10, 2021, we should expect an attempt to develop a correction…
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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 Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7440 area. The pair continues to move within the framework of a strong correction and a downward channel. Moving averages indicate a sideways 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 0.7475. Then, the rebound…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2524. The pair continues to move within the framework of growth and the beginning of the formation of the “Head and Shoulders” reversal pattern. 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 1.2445 area. Then, a rebound upward and the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 109.64 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 108.95 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 1829 area. XAU/USD quotes continue to move as part of the rise and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for GOLD. However, prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the area of 1745. Further, the continued growth of the GOLD price with a potential…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7145 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 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…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9136. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bearish trend. The prices are again testing the area between the signal lines, which indicates pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9035. Further, a rebound and an attempt to continue the rise of…
Bitcoin BTC/USD ends the trading week at 50600, continues to move in the framework of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, 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 43565. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target…
Ethereum ETH/USD ends the trading week at 3970.40 and continues to move within the rally and bullish channel. 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 test the support level near the 3285.05 area. Where can we expect a rebound again and a continuation of the rise in the rate and value of Ethereum with a potential target above the…
XRP/USD end the trading week at 1.2978 and continue to move within the growth and 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 1.1905. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.9055. Cryptocurrency XRP Forecast and…