BRENT finish the trading week near the area of $ 42.59 per barrel. And it continues to move within the fall and the downtrend channel. Here the “Wedge” reversal pattern is formed, as we see the prices have already broken through the lower border of the model and there is every chance to see the continuation of the fall. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth…
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 Pound Dollar GBP/USD ends the trading week near the 1.3237 area. The pair continues to move within the framework of strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices have moved far upward 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 continue growth and test the resistance area near the level of 1.3355. Further, the rebound and the beginning of the fall in…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 75.34 rubles per US Dollar. The pair continues to move within the framework of the growth and 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 September 7 — 11, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 76.25. Where can we expect a rebound and the beginning of a fall in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7277 area. The pair continues to move within the framework of strong growth and the formation of a bearish “Wedge” pattern. Moving averages indicate a bullish trend. Prices have gone far up from 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 0.7385. Then, the rebound…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3074. The pair continues to move within the decline and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates high 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 1.2975 area. Then, the continued growth of quotations with a target above the level of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 106.25 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 104.25 area. Then, a rebound and continued growth of the pair to the area above the level of 114.75.…
GOLD is completing the trading week near the 1926 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices bounced off 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 1895 area. Further, the GOLD price will continue to rise with a potential target above the level of 2235. GOLD Price Forecast and Analysis September 7…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6713 area. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6795. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6125. NZD/USD Forecast and Analysis September 7 — 11, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9139. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. Prices have gone far down from 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 at another price reduction and a test of the support area near the level of 0.9035. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at 10440 and continues to move within a strong correction and an upward channel. Moving averages indicate a bullish trend. Prices are again testing 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 a correction and test the support area near the level of 9655. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 14565. Bitcoin…