Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7270 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, 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 0.7375. Then, the rebound and the continuation…
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 1.3066. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate the presence of a bearish trend. Prices are testing 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 test of the resistance level near the area of 1.3225. Then, the continuation of the fall in…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.25 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 bullish correction and a test of the resistance level near the 104.35 area. Then, the rebound and the continuation of the fall of the pair to the area…
GOLD is completing the trading week near the 1956 area. The XAU/USD quotes continue to move within the growth and ascending channel. Moving averages indicate a bullish trend for Gold. Prices moved up from 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 a test of the support level near the 1865 area. Further, the GOLD price will continue to rise with a potential target above the level of 2295. GOLD Price Forecast and Analysis November…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6791 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 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 0.6875. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6145. NZD/USD Forecast…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9006. 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 resistance area near the level of 0.9085. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the…
Bitcoin BTC/USD ends the trading week at 15459 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 13355. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 19965. Bitcoin Forecast and…
XRP/USD end the trading week at 0.2545 and continue to move as part of the correction and the formation of the “Head and Shoulders” pattern. 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 0.2255. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the…
Litecoin LTC/USD ends the trading week at 61.85 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upwards. 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 46.55. Where can we expect a rebound again and an attempt to increase…
Bitcoin Cash completes the trading week at 254.87 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. However, 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 220.55. From where a rebound is expected again and an…