Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7451 area. The pair continues to move within the framework of 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 0.7685. Then, the rebound and…
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 completes the trading week near the level of 1.2435. The pair continues to move within the correction and the downward 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 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 111.57 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 110.35 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the 1777 area. 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 down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a price correction and test the support level near the 1745 area. Further, the GOLD price will continue to rise with a potential target above the level of 2085. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6951 area. Moving averages indicate a bullish trend for the pair. Prices are testing 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 0.7195. Then, a rebound and continuation of the fall of the currency pair…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9269. The pair continues to move within the rally and bearish channel. Moving averages indicate a bearish trend. Prices broke up the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to correct the price and test the support area near the level of 0.9085. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level…
Bitcoin BTC/USD ends the trading week at 33352, continues to move as part of the fall and left the descending channel. Moving averages indicate a bullish 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 asset’s quotes. At the moment, we should expect an attempt to develop a rise and test the resistance area near the level of 37565. Where can we expect a rebound again and a continuation of the fall in the Bitcoin rate with a potential target…
Ethereum ETH/USD ends the trading week at the level of 2059.37 and continues to move as part of the decline 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 area of 2385.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of…
XRP/USD end the trading week at 0.6398 and continue to move as part of the correction and the formation of the ”Wedge” model. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall 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 0.4525. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the…
Litecoin LTC/USD ends the trading week at 133.19 and continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. 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 Litecoin rate decline 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 98.05. Where can we expect a rebound again and an attempt…