Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1910 area. The pair continues to move within the fall and left the ascending channel. 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 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 a test of the resistance area near the level of 1.1995. Where the rebound is expected from and the continuation of 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 69.61 dollars per barrel. And it continues to move within the framework of the growth 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 61.05. Then, a rebound and continued growth of oil to the area above the level of $ 87.45…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3918 area. The pair 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 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 1.4075. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.63 Rubles per US Dollar. The pair continues to move as part of the fall 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 US dollar buyers. In the current trading week March 15 — 19, 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 and…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7745 area. The pair continues to move within the correction and the ascending channel. The “Head and Shoulders” reversal pattern is also formed here. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines again, 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 pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2559. 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 1.2435 area. Then, a rebound downward and the beginning of the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 109.09. The pair continues to move within the framework of growth and left the descending 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…
GOLD is completing the trading week near the 1702 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 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 area of 1685. Further, the continued growth of the GOLD price with a potential target above the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7168 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 0.7235. 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 0.9312. 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 0.9165. Further, a rebound and an attempt to continue the rise of the pair with…