Currency pair Pound Dollar GBP/USD ends the trading week near the area of 1.2956. The pair continues to move within the framework of growth after the fall. Moving averages indicate a bullish trend. Prices are bouncing 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 1.3175. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…
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 78.08 Rubles per US Dollar. The pair continues to move within the framework of the growth and the ascending 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, October 19 — 23, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.75. 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 0.7083 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 0.7165. Then, the rebound and the…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3199. The pair continues to move within the correction after strong growth and the beginning of the formation of the ”Wedge” pattern. 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 bearish correction and a test of the support level near the 1.3035 area. Then, the continued growth of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.27. 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 103.35 area. Then, a rebound and continued growth of the pair to the area above the level of…
GOLD is completing the trading week near the 1906 area. XAU/USD quotes continue to move in the framework of the growth and the 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 a test of the support level near the 1840 area. Further, the GOLD price will continue to rise with a potential target above the level of 2125. GOLD Price Forecast and…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6607 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 0.9140. 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 rise in prices and a test of the resistance area near the level of 0.9235. Further, a rebound and an attempt to continue the fall of the…
Bitcoin BTC/USD ends the trading week at 11306 and continues to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. 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 growth and test the resistance area near the level of 11605. Where can we expect a rebound again and the continuation of the fall in the Bitcoin rate with a…
Ethereum ETH/USD ends the trading week at 363.80 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 area of 320.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…