Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7600 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have moved up far from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the value of the currency pair. At the moment, we should expect an attempt to continue the development of the rise in prices and test the resistance area near the level of 0.7675. Then, the rebound and…
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.
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2811. The pair continues to move within the fall and the downtrend channel, the bears pushed through the important support area at 1.2975. 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 test the resistance level near the area of 1.2985. Then, a rebound downward and…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.64 area. The pair continues to move within the fall and downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from 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 102.65 area. Then, the rebound and the continuation of the rise of the pair to the area above the level…
GOLD is completing the trading week near the 1879 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, 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 1845 area. Further, the GOLD price will continue to rise with a potential target above the level of 2125. GOLD Price Forecast December 28, 2020 — January…
Quotes of the New Zealand Dollar to US Dollar NZD/USD against the US Dollar NZD/USD end the trading week near the 0.7112 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 grow the currency pair on Forex and test the resistance area near the level of 0.7185. Then, a rebound and continuation of the fall of the currency pair with a…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8915. The pair continues to move within the fall and downtrend channel. Moving averages indicate a downtrend. 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 a test of the support area near the level of 0.8875. Further, a rebound and an attempt to continue the rise of the pair with a potential…
Bitcoin BTC/USD ends the trading week at 23944 and continues to move within the strong 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 21605. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 28505. Bitcoin Forecast…
Ethereum ETH/USD completes the trading week at 623.72 and continues to move within the growth and 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 590.55 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the…
XRP/USD end the trading week at 0.3522 and continue to move within 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 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 0.2755. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.6855. XRP…
Litecoin LTC/USD ends the trading week at 115.96 and continues to move within a strong growth and an 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 105.55. Where can we expect a rebound again and an attempt to increase the fall in the value…