Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7371 area. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish 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 0.7545. Then, the rebound and the continuation of…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2435. The pair continues to move within the fall. 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 1.2375 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the level of 1.3195. USD/CAD…
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 108.75 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 1825 area. XAU/USD quotes continue to move as part of the rise and the formation of an inverted “Head and Shoulders” pattern. Moving averages indicate a bullish 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. At the moment, we should expect an attempt to develop a price correction and test the support level near the 1775 area. Further, the GOLD price will continue to rise with a potential target above the level of 2055. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7000 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…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9058. 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 broke through the area between the signal lines downward, which indicates pressure from the sellers of the American currency and a 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 0.9025. Further, a rebound and an attempt to continue the rise of…
Bitcoin BTC/USD ends the trading week at 38787, continues to move in the framework of the rise and the bullish channel. Moving averages indicate a sideways 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 test the support area near the level of 36005. Where can we expect a rebound and a continuation of the rise in the Bitcoin exchange rate with a potential target above the…
Ethereum ETH/USD ends the trading week at 2060.07 and continues to move as part of the rise. 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 1915.05 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…
XRP/USD end the trading week at 0.7183 and continue to move as part of the rise and development of the ”Wedge” model. Moving averages indicate a bullish trend. Prices broke 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 0.5505. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.3185.…
Litecoin LTC/USD ends the trading week at 136.73 and continues to move as part of the rise and the start of the bullish ”Wolfe Wave” pattern. Moving averages indicate a bearish 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 Litecoin rate decline 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 105.05. Where can we expect a rebound again and an attempt…