Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3177 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, indicating 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 1.3335. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the level…
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.
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 77.55 Rubles per US Dollar. The pair continues to move within the framework of the growth and the rising channel. Moving averages indicate a bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week, November 16 — 20, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.55. 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 0.7251 area. The pair continues to move within the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices bounced off 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 growth and test the resistance area near the level of 0.7295. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3122. The pair continues to move as part of the correction and the formation of the “Double Bottom” reversal pattern. Moving averages indicate a bearish trend. Prices have 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. expect an attempt to develop a decline and test the support level near the 1.3055 area, then continue the growth of quotations with a target above 1.3675. USD/CAD Forecast and Analysis…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 104.95 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 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 103.75 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 1878 area. 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 1860 area. Further, the GOLD price will continue to rise with a potential target above the level of 2165. GOLD Price Forecast and Analysis November 16 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6830 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 0.6895. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6135. NZD/USD…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9145. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a downtrend. Prices are testing 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 0.8935. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the…
Bitcoin BTC/USD ends the trading week at 16206 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 growth and test the resistance area near the level of 15405. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 20365. Bitcoin Forecast and…
Ethereum ETH/USD ends the trading week at 462.48 and continues to move as part of the growth and formation of the “Triangle” pattern. 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 405.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with…