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…
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 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…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9314. The pair continues to move within the framework of the growth and formation of the ”Triangle” pattern. Moving averages indicate a bearish 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 0.9125. Further, a rebound and an attempt to continue the rise of the pair with a…
Bitcoin BTC/USD ends the trading week at 44206, continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing 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 38255. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the level…
Ethereum ETH/USD ends the trading week at 3064 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 2845 area. Where can we again expect a rebound and a continuation of the rise in the rate and value…
XRP/USD end the trading week at 1.0683 and continue to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.8655. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.5505. Cryptocurrency XRP…
Litecoin LTC/USD ends the trading week at 159.89 and continues to move within the downward correction and the 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 125.05. Where can we expect a rebound again and an attempt to raise the value…