Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2125. The pair continues to move within the framework of the growth and the ascending 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 1.2215. 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.
BRENT finish the trading week near the area of $ 55.45 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from commodity buyers 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 45.05. Then, a rebound and continued growth of oil to the area above the level of $ 71.65 per barrel.…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3673 area. The pair continues to move as part of the growth 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 1.3715. 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 76.12 Rubles per US Dollar. The pair continues to move as part of the correction 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 February 1 — 5, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 76.85. Where can we expect a rebound and the beginning…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7645 area. The pair continues to move within the correction and the upward 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 a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of the rise and test the resistance area near the level of 0.7745. Then, the rebound and the continuation of the fall…
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…
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…