Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7434 area. The pair continues to move as part of the correction and the formation of the “Double Top” reversal pattern. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines and went up, 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 growth and test the resistance area near the level of 0.7525. Then, a rebound…
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 1.2802. 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 the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.2905 area. Then, the continuation of the fall in quotations with a target below 1.2205. USD/CAD Forecast and Analysis December…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 104.18 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 102.85 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 1833 area. The XAU/USD quotes continue to move within the growth and 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 1815 area. Further, the GOLD price will continue to rise with a potential target above the level of 2145. GOLD Price Forecast and Analysis December 7 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD against the US Dollar NZD/USD end the trading week near the 0.7042 area. Moving averages indicate a bullish trend for the pair. Prices have moved upward between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from current levels. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.7085. Then, a rebound and continuation of the fall of the currency pair with a potential target below…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8910. The pair continues to move within the fall and the 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 correct prices and test the support area near the level of 0.8825. Further, a rebound and an attempt to continue the rise of the pair with a potential target above…
Ethereum ETH/USD ends the trading week at 583.66 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 480.55 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 0.5312 and continue to move within the correction and the upward 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 0.3985. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.8845. XRP Forecast and Analysis…
Litecoin LTC/USD ends the trading week at 82.69 and continues to move as part of the growth and the start of the “Triangle” pattern. 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 72.25. Where can we expect a rebound again and an attempt to increase the…
Bitcoin Cash completes the trading week at 287.92 and continues to move as part of the correction and the beginning of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upwards, which indicates 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 245.05. From where again a rebound is expected and an attempt…