The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2481. 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 growth and test the resistance level near the 1.2595 area. Then, a rebound down and the beginning of a fall in quotations with a target below the level…
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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 107.91 area. The pair continues to move within the fall 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 107.25 area. Then, the rebound and the continuation of the rise of the pair to the area above…
GOLD completes the trading week near the 1783 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 bearish 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 1715 area. Further, the GOLD price will continue to rise with a potential target above the level of 2095. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7174 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 0.7215. 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 0.9169. The pair continues to move within the fall and is testing the upper border of the broken down channel. Moving averages indicate a bearish trend. Prices are again testing 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 0.9125. Further, a rebound and an attempt to continue the rise…
Bitcoin BTC/USD ends the trading week at 49058, continues to move as part of the fall and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate a bullish trend. Prices are again pushing 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 rise and test the resistance area near the level of 55055. Where can we expect a rebound again and a continuation of the fall in the Bitcoin rate…
Ethereum ETH/USD ends the trading week at the level of 2186.13 and continues to move within the growth and upward 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 2015.05 area. Where can we expect a rebound again and a continuation of the rise in the rate and value of Ethereum with…
XRP/USD end the trading week at 1.0384 and continue to move within a strong fall and an 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 0.8890. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.9055. Cryptocurrency…
Litecoin LTC/USD ends the trading week at 222.96 and continues to move within a strong fall after updating the local high. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a fall in prices and a test of the support area near the level of 195.05. Where can we expect a rebound again and an attempt to increase the value…
Bitcoin Cash completes the trading week at 761.74 and continues to move within a strong decline and an upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the fall in the value of the digital asset and test the support area near the level of 575.05. From where a rebound is expected again and an attempt to grow the Bitcoin…