Author: forex24pro

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7763 area. The pair continues to move within the correction and 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 a test of the resistance area near the…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2470. The pair continues to move within the framework of the correction and the formation of the “Wedge” pattern. 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 downward correction and a test of the support level near the 1.2345 area. Then, a rebound upward and the beginning of growth…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 108.66 area. The pair continues to move within the framework of the growth and 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 106.85 area. Then, the rebound and the continuation of the rise of the pair to…

GOLD is completing the trading week near the 1742 area. XAU/USD quotes continue to move within the fall and the downtrend channel. Moving averages indicate a bullish trend for Gold. However, prices have broken 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 area of ​​1695. Further, the continued growth of the GOLD price with a potential target above…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7181 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 0.7245. 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 0.9256. The pair continues to move within the framework of the growth and 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 0.9135. Further, a rebound and an attempt to continue the rise of the pair with…

Bitcoin BTC/USD completes the trading week at 58241, continues to move within the growth and upward 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 test the support area near the level of 50065. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 65655. Bitcoin Forecast and Analysis…

Ethereum ETH/USD ends the trading week at 1804.90 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from 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 a rise in prices and a test of the support level near the area of ​​1595.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target…

XRP/USD end the trading week at the level of 0.4676 and continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth 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 0.3745. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of…

Litecoin LTC/USD completes the trading week at 202.15 and continues to move within the growth and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 175.05. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…