Author: forex24pro

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7156 area. The pair continues to move within the correction after a strong 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 0.7215. Then, the rebound and the continuation of the fall in…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3308. 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 1.3105 area. Then, the continued growth of quotations…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of ​​105.34. 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…

GOLD is completing the trading week near the 1902 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 a test of the support level near the 1765 area. Further, the GOLD price will continue to rise with a potential target above the level of 2205. GOLD Price Forecast and Analysis October 5…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6627 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 0.6705. 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 0.9199. The pair continues to move within the correction and the downward 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 reduce prices again and test the support area near the level of 0.8990. Further, a rebound and an attempt to continue the growth of the pair with…

Bitcoin BTC/USD ends the trading week at 10690 and continues to move as part of the correction and the upward channel. 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 8605. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of…

Ethereum ETH/USD ends the trading week at 343.42 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 305.55 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…

XRP/USD end the trading week at 0.2303 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal 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 a test of the support area near 0.1765. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area…

Litecoin LTC/USD ends the trading week at 44.64 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 buyers of the digital asset and a potential continuation of the rise in the Litecoin rate 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 40.05. Where can we expect a rebound again and an attempt to…