Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.76 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 the US dollar buyers. In the current trading week August 10 — 14, 2020 we should expect an attempt to develop a correction and a test of the support area near the level of 73.05. Where can we expect a rebound and continued 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 Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7157 area. The pair continues to move as part of the growth and formation of the bearish «Wedge» pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, 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 0.7195. Then, the rebound and the continuation of…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3384. The pair continues to move within the fall and ascending channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines downward, 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 1.3315 area. Then, the continued growth of quotations with a target above the level of 1.3675. USD/CAD Forecast…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.95. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices bounced 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 104.05 area. Then, a rebound and continued growth of the pair to the area above the level…
GOLD completing the trading week near the 2025 area. XAU/USD quotes continue to move within the framework of the growth 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 test 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 August 10…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6597 area. Moving averages indicate a bullish trend for the pair. Prices have broken the area between the signal lines upwards, 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 0.6665. 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 August 10 — 14,…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9143. The pair continues to move within the fall and the downtrend 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 0.9005. Further, a rebound and an attempt to continue the growth of the pair…
Bitcoin BTC/USD ends the trading week at the level of 11621 and continues to move within the framework of a strong growth and a bullish channel. Moving averages indicate a bullish trend. Prices went 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 a test of the support area near the level of 10105. Where can we again expect a rebound and continued growth in the Bitcoin rate with a…
Ethereum ETH/USD ends the trading week at 339.71 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 downward correction and a test of the support level near the 305.05 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the level…
XRP/USD end the trading week at 0.2962 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the cryptocurrency 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 0.2355. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4575. XRP Forecast and…