Stock index S&P 500 continue to move within the framework of growth and have left the descending channel. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth 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 4200. At the moment, we should expect an attempt to develop a decline and test the support level near the 4165 area.…
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 172.12 and continue to move as part of a bullish correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 11,797,916,155. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the…
Currency pair Euro Dollar EUR/USD ends the trading week near the area of 1.2136, as we can see, there were no significant changes. The pair continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern, which is able to send the pair to the level of 1.1005 and below. 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 European currency and the likely continuation of growth from the current levels. At the moment, we…
BRENT ended the trading week near the area of $ 65.90 per barrel. And it continues to move within the correction and the upward channel. 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 fall and a test of the support area near the level of 65.50. Then, a rebound and continued growth of oil to the area above the level of $ 85.55 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.4193 area. The pair continues to move within the framework of growth and the beginning of the formation of a bearish ”Double Top” pattern. Moving averages indicate a bullish trend. Prices are 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 grow and test the resistance area near the level of 1.4355. Further, the rebound and the beginning of…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.35 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. However, prices have broken down the area between the signal lines, which indicates pressure from the US dollar sellers. In the current trading week May 24 — 28, 2021 we should expect an attempt to develop growth and a test of the resistance area near the level of 76.25. Where can we expect a rebound…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7767 area. The pair continues to move within the framework of the growth and 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…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2042. 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 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 a test of the support level near the area of 1.2025. Then, a rebound upward and the beginning of the rise in quotations with a target…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 108.72. The pair continues to move within the correction and 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 108.72 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 1887 area. XAU/USD quotes continue to move as part of the growth and left the downtrend channel. 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 a test of the support level near the 1845 area, where the broken channel border is located. Further, the continued growth in the price of GOLD with a potential target above…