Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2233. The pair continues to move within the framework of the growth and the rising channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from 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 growth and test the resistance area near the level of 1.2325. Where is the rebound and the continuation of the fall 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.
Litecoin LTC/USD ends the trading week at 105.92 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 92.05. Where can we expect a rebound again and an attempt to increase the fall in the value…
BRENT finish the trading week near the area of $ 52.06 per barrel. And it continues to move within the framework of the growth and upward channel. Moving averages indicate a bearish trend. However, prices have broken the area between the signal lines upward, 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 48.65. Then, a rebound and continued growth of oil to the area above the level of $ 72.05…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3492 area. The pair continues to move as part of the rise and the formation of the bearish “Wolfe Wave” pattern. 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 1.3595. Further, the rebound and the beginning of the fall…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.41 rubles per US dollar. The pair continues to move within the fall and the downtrend channel. 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 of December 21 — 25, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 75.35. Where can we expect a rebound and the beginning of a fall in…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7613 area. The pair continues to move within the framework of the rise 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…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2778. The pair continues to move within the framework of the fall and the downtrend channel, the bears pushed through an important chunk of support at 1.2990. 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 fall and a test of the support level near the 1.2575 area. Then, a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.35 area. 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 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…
GOLD is completing the trading week near the 1883 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 1855 area. Further, the GOLD price will continue to rise with a potential target above the level of 2215. GOLD Price Forecast and Analysis December 21 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7119 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 0.7175. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level…