Author: forex24pro

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1854 area. 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 are repelled 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 a correction and a test of the support area near the level of 1.1765. Where is the rebound and continued growth expected from the…

BRENT finish the trading week near the area of ​​$ 41.56 per barrel. And it continues to move within the correction and the upward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 38.55. Then, a rebound and continued growth of oil to the area above the level of $ 58.25 per barrel. BRENT crude oil…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3025 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have pushed up again 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 1.3305. Further, the rebound and the beginning of the fall in the…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.27 Rubles per US Dollar. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US Dollar buyers. In the current trading week of October 26 — 30, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 78.55. Where can we expect a rebound and the beginning of a fall in the dollar…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7126 area. The pair continues to move within the framework of growth 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 0.7315. Then, the rebound and the…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3146. The pair continues to move within the correction after the growth. Moving averages indicate a bearish trend. Prices went 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 bearish correction and a test of the support level near the 1.3025 area. Then, the continued growth of quotations with a target above the level of 1.3525. USD/CAD…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 104.70 area. The pair continues to move within the correction and the descending 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 downward correction and a test of the support level near the 103.75 area. Then, a rebound and continued growth of the pair to the area above the level of…

GOLD completing the trading week near the 1903 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, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1845 area. Further, the continued growth of the GOLD price with a potential target above the level of 2155. GOLD Price Forecast and Analysis October 26…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6677 area. Moving averages indicate a bullish trend for the pair. Prices are testing the areas between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth from the 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 0.6725. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of…

Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9044. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a downtrend. The prices once again pushed away from the area between the signal lines, which indicates strong pressure from the sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to increase prices and test the resistance area near the level of 0.9145. Further, a rebound and an attempt to continue the fall of the pair with a…