Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term uptrend. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4522. At the moment, we should expect an attempt to develop a decline and test the support level near the 4505 area. Where can we expect…
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.
LTC/USD are trading at 181.98 and continue to move within a strong fall and a bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,136,645,244. Moving averages indicate a short-term bullish trend for Litecoin. Prices are poking around the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1880 area. The pair continues to move within the framework of the correction and the beginning of the development of the large “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. 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 test the resistance area near the level of…
BRENT finish the trading week near the area of $ 72.90 per barrel. And the inverted ”Head and Shoulders” reversal pattern continues to move within the framework of the rise and formation of the reversal pattern. 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 a test of the support area near the level of 68.05. Then, the rebound and the continuation of the fall…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3859 area. The pair continues to move as part 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 1.3935. Further, a rebound down and the beginning of a fall in the Pound/Dollar quotes to the area…
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…
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…