Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1976 area. The pair continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern. 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 European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2085. Where is the 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.
BRENT finish the trading week near the area of $ 66.99 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 57.55. Then, a rebound and continued growth of oil to the area above the level of $ 84.05 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3755 area. The pair continues to move within the framework of the correction and the beginning of the development of the bearish Wolfe Wave 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 1.3875. Further, the rebound and the beginning…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 75.60 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 April 19 — 23, 2021 we should expect an attempt to develop a correction and a test of the resistance area near the level of 76.05. Where can we expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7740 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 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 0.7845. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2511. 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 1.2425 area. Then, a rebound upward and the beginning of the growth of quotations with a target above the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 108.84. 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 107.65 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 1767 area. XAU/USD quotes continue to move within the correction and the downward channel. Moving averages indicate a sideways trend in Gold. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall and a possible reversal of the trend. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1705 area. Further, the continued growth of the GOLD price with a potential target above the level of…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7158 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 0.7205. 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 0.9200. The pair continues to move within the correction. Moving averages indicate a bearish trend. The prices are again testing the area between the signal lines, which indicates pressure from the sellers of the American currency and the 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 of the pair with a potential target above the level…