The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3127. The pair continues to move within the correction after a strong growth and the start of working out the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices 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. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3045 area. Then, the continued growth of…
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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 105.67 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing 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 103.65 area. Then, a rebound and continued growth of the pair to the area above the level of 109.05.…
GOLD is completing the trading week near the 1924 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 price decline and test the support level near the 1845 area. Further, the GOLD price will continue to rise with a potential target above the level of 2175. GOLD Price Forecast and Analysis October 12 — 16,…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6662 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 0.6735. 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 0.9097. The pair continues to move within a strong fall and a 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 0.9135. Further, a rebound and an attempt to continue the fall of the pair with…
Bitcoin BTC/USD ends the trading week at 11055 and continues to move as part of the growth. Moving averages indicate a bullish trend. Prices are testing the areas 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 9855. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 13965. Bitcoin Forecast and…
Ethereum ETH/USD ends the trading week at 362.89 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing 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 area of 315.65. Where can we expect a rebound and continued growth in the rate and value of Ethereum with a potential target above…
XRP/USD end the trading week at 0.2485 and continue to move as part of the correction and the formation of an inverted head and shoulders pattern. Moving averages indicate a bullish trend. Prices are again testing 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 test the support area near 0.2255. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above…
Litecoin LTC/USD ends the trading week at the level of 47.46 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 45.55. Where can we expect a rebound again and an attempt…
Bitcoin Cash completes the trading week at 236.72 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 205.05. From where a rebound is expected again and…