The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2844. The pair continues to move within the correction and the downward channel, here the “Wedge” reversal pattern is forming. 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 bullish correction and a test of the support level near the 1.2635 area. Then, a rebound down and the beginning…
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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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.61 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 102.95 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 1853 area. The XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are testing the area between the signal lines again, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and test the support level near the 1815 area. Further, the GOLD price will continue to rise with a potential target above the level of 2105. GOLD Price Forecast and Weekly Analysis February…
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 moved upward 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 to raise the currency pair on Forex and test the resistance area near the level of 0.7205. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8886. The pair continues to move within the framework of the correction and the formation of the inverted “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates strong pressure from the sellers of the American currency and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to continue falling prices and test the support area near the level of 0.8795. Further, a rebound and an attempt…
Bitcoin BTC/USD ends the trading week at the level of 35857.91 and continues to move as part of the correction and the ascending channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from 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 31755. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above…
Ethereum ETH/USD ends the trading week at the level of 1358.93 and continues to move as part of 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 slight downward correction and a test of the support level near the 1095.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum…
XRP/USD end the trading week at 0.2788 and continue to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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 0.2325. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of…
Litecoin LTC/USD completes the trading week at 138.97 and continues to move within the growth and upward 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 120.05. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…
Bitcoin Cash ends the trading week at 416.93 and continues to move within the rally and ascending channel. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, indicating pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to fall in the value of a digital asset and a test of the support area near the level of 350.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency with a…