Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7707 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 downward price correction and test the support area near the level of 0.7205. Then, a 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 1.2721. 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 a bullish correction and a test of the resistance level near the 1.2915 area. Then, a rebound downward and the beginning of a fall in quotations with a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.24 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 102.45 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 1900 area. The XAU/USD quotes continue to move within the growth and 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 1855 area. Further, the GOLD price will continue to rise with a potential target above the level of 2185. GOLD Price Forecast and Weekly Analysis January 4…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.7194 area. Moving averages indicate a bullish trend for the pair. Prices went up the area 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 correct the currency pair on Forex and test the support area near the level of 0.6825. Then, a rebound and continuation of the rise of the currency pair with a potential target above…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.8852. The pair continues to move within the decline and the downtrend channel. 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 0.8785. Further, a rebound and an attempt to continue the rise of the pair with a potential…
Bitcoin BTC/USD ends the trading week at the level of 28993 and continues to move as part of the 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 a test of the support area near the level of 25655. 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 741.27 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 655.05 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 0.2186 and continue to move as part of the fall. 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 0.1905. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 0.3755. Cryptocurrency XRP Forecast and…
Litecoin LTC/USD ends the trading week at 124.01 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 100.95. Where can we expect a rebound again and an attempt to increase the fall in the value of Litecoin…