Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1676 area. The pair continues to move within the framework of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices are again testing 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 growth and test the resistance area near the level of 1.1785. Where is the rebound…
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.
BRENT finish the trading week near the area of $ 42.61 per barrel. And it continues to move within the framework of the growth and the downward 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 37.45. Then, a rebound and continued growth of oil to the area above the level of $ 65.46 per barrel.…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2788 area. The pair continues to move as part of the fall and the formation of the inverted “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are testing 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 1.3045. Further, the rebound and the beginning of the…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.67 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 September 28 — October 2, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 77.85. Where can we expect a rebound and the beginning of a fall…
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 fall. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines again, which indicates pressure from buyers of the asset and a potential continuation of the 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 0.7195. Then, the rebound and the continuation of the fall in AUD/USD with a potential…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3343. The pair continues to move within the framework of growth and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate 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 bearish correction and a test of the support level near the 1.3115 area. Then, the continued growth of quotations…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 105.26 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 104.45 area. Then, a rebound and continued growth of the pair to the area above the level of 110.35.…
GOLD completing the trading week near the 1874 area. XAU/USD quotes continue to move within the fall 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 test the support level near the 1815 area. Further, the GOLD price will continue to rise with a potential target above the level of 2235. GOLD Price Forecast and Analysis September 28 — October 2,…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9258. The pair continues to move as part of the growth of the correction and the downward channel. Moving averages indicate a downtrend. Prices have broken the area between the signal lines upward, which indicates strong pressure from buyers of the American currency and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt at another price reduction and a test of the support area near the level of 0.8985. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at 10690 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices pushed 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 a correction and test the support area near the level of 9635. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential target above the level of 14285. Bitcoin Forecast…