Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term uptrend. Prices are testing the area between the signal lines, 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 4193. At the moment, we should expect an attempt to develop a decline and test the support level near the 4165 area. Where can we expect a rebound…
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 traded at 179.14 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 12,265,629,535. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from 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…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2179 area. The pair continues to move as part of the correction and the formation of a large “Double Top” reversal pattern, the “Head and Shoulders” pattern was broken by the market. 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 should expect an attempt to develop a bullish correction and test the resistance area near…
BRENT finish the trading week near the area of $ 69.17 per barrel. And it continues to move within the correction and the ascending 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 66.85. Then, a rebound and continued growth of oil to the area above the level of $ 88.05 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.4154 area. The pair continues to move as part of the growth and the beginning of the formation of the bearish ”Double Top” pattern. Moving averages indicate a bullish trend. Prices moved up from 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 1.4345. Further, the rebound and the beginning…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.20 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 31 — June 4, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 75.75. Where can we expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7706 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 0.7815. Then, the rebound and the…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2067. 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 a test of the support level near the 1.2005 area. 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 109.94. 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 109.25 area. Then, the rebound and the continuation of the rise of the pair…
GOLD is completing the trading week near the 1895 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 test the support level near the 1825 area. Further, the GOLD price will continue to rise with a potential target above the level of 2215. GOLD Price Forecast and Weekly Analysis…