Currency pair Pound Dollar GBP/USD ends the trading week near the area of 1.4120. The pair continues to move as part of the growth and the formation of the bearish ”Double Top” pattern. Moving averages indicate a bullish trend. Prices moved up from 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 1.4255. Further, the rebound and the beginning of the…
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.
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.47 Rubles per US Dollar. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers. In the current trading week June 7 — 11, 2021 we should expect an attempt to develop a correction and a test of the support area near the level of 65.55. Where can we expect a rebound and the beginning of the growth of the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7662 area. The pair continues to move within the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth 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 0.7805. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2128. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices went down from 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 1.1985 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.11 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 109.05 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD completes the trading week near the 1869 area. The XAU/USD quotes continue to move as part of the correction 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 1765 area. Further, the GOLD price will continue to rise with a potential target above the level of 2165. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7153 area. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from the current levels in the market. At the moment, we should expect an attempt at a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.7285. Then, a rebound and continuation of the fall of the currency…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9044. The pair continues to move within the correction and is preparing to test the lower border of the bullish channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, 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 correct the price and test the support area near the level of 0.8925. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at the level of 36683, continues to move within the fall and the downtrend 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 asset’s quotes. At the moment, we should expect an attempt to develop a rise and test the resistance area near the level of 42205. Where can we expect a rebound again and the continuation of the fall in the Bitcoin rate with a potential…
Ethereum ETH/USD ends the trading week at the level of 2633.64 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend for ETH / USD. Prices are testing 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 the price growth and test the resistance level near the 3005.05 area. Where can we expect a rebound again and the continuation of the fall in the rate and value…