BRENT finish the trading week near the area of $ 64.62 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 57.35. Then, a rebound and continued growth of oil to the area above the level of $ 88.55 per barrel. BRENT…
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.
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3837 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices are bouncing off 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 1.4065. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.14 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 again testing from the area between the signal lines, which indicates pressure from the US dollar buyers. In the current trading week, April 5-9, 2021, we should expect an attempt to develop a correction and a test of the support area near the level of 73.35. Where can we expect a rebound and…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7617 area. The pair continues to move within the fall and the ascending channel. The “Head and Shoulders” reversal pattern is also forming here. Moving averages indicate a bullish trend. Prices are again testing the areas 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…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2554. 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 bullish correction and a test of the resistance level near the 1.2705 area. Then, a rebound downward and the beginning of a fall in quotations with a target…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 110.47 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bearish trend. However, prices have broken through the area between the signal lines upward, which indicates pressure from 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…
GOLD is completing the trading week near the 1729 area. XAU/USD quotes continue to move within the fall and the downtrend channel. 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 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 0.7030 area. Moving averages indicate a bullish trend for the pair. Prices are again 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 0.7115. 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 0.9405. The pair continues to move within the framework of growth and has left the downtrend channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upward, 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 0.9145. Further, a rebound and an attempt to continue the rise of the pair…
Bitcoin BTC/USD ends the trading week at the level of 59614, continues to move in the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices went up from 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 correction and a test of the support area near the level of 55605. Where can we again expect a rebound and continued growth in the Bitcoin exchange rate with a potential…