Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.94 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from US Dollar buyers. In the current trading week May 17 — 21, 2021 we should expect an attempt to develop growth and a test of the resistance area near the level of 76.05. Where can we expect a rebound and 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 Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7775 area. The pair continues to move within the framework of the growth and 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 continued 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 0.7865. Then, the rebound and the continuation of the…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2116. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved 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 1.2045 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 109.41 area. The pair continues to move within the fall and the rising 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 107.95 area. Then, the rebound and the continuation of the rise of the pair to the area above…
GOLD completes the trading week near the 1837 area. The XAU/USD quotes continue to move as part of the growth and the beginning of the “Double Bottom” reversal 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 continued growth of the GOLD price with a potential target above the level of 2125. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7242 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 0.7275. 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 0.9026. The pair continues to move within the fall and is testing 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 0.8865. Further, a rebound and an attempt to continue the rise of…
Bitcoin BTC/USD ends the trading week at the level of 50641, continues to move as part of the fall and the formation of the bullish ”Wolfe Wave” pattern. 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 decline and test the support area near the level of 44055. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a…
Ethereum ETH/USD ends the trading week at the level of 4106.78 and continues to move as part of the growth and the ascending 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 a test of the support level near the area of 3505.05. Where can we expect a rebound again and a continuation of the rise in the rate and…
XRP/USD end the trading week at 1.3878 and continue to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices went up from 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 1.3155. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 2.0005. Cryptocurrency XRP…