Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3098 area. The pair continues to move within the framework of strong growth. Buyers were able to reverse the formation of a large «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend, however, prices have broken through the areas between the signal lines upward, indicating 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 the development of growth and test the resistance area near the…
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 74.33 rubles per US Dollar. The pair continues to move within the framework of the growth and the rising 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 August 3 — 7, 2020 we should expect an attempt to develop a correction and a test of the support area near the level of 73.65. Where can we expect a rebound and continued growth in…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7145 area. The pair continues to move within the framework of the growth and the descending channel on the weekly chart of the pair. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset. 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…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3409. The pair continues to move within the fall and the rising 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 correction and test the support level near the 1.3355 area. Then, the continued growth of quotations with a target above the level of 1.3865. USD/CAD Forecast and Analysis…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the area of 105.93. The pair continues to move within the framework of a strong fall and a downtrend channel. Moving averages indicate a bearish trend. Prices pushed 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 103.95 area. Then, a rebound and continued growth of the pair to the…
GOLD completing the trading week near the 1966 area. The XAU/USD quotes continue to move within the growth and 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 decline in prices and a test of the support level near the 1805 area. Further, the continued growth of the GOLD price with a potential target above the level of 2155. GOLD Price Forecast and Analysis August 3…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6629 area. Moving averages indicate a bullish trend for the pair. Prices broke 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 0.6675. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6135. NZD/USD Forecast and Analysis August 3 — 7, 2020…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9124. The pair continues to move within the framework of a strong fall and a 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 0.9035. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at 11325 and continues to move as part of strong growth and the beginning of the development of the «Triangle» model. 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 test the support area near the level of 9960. Where can we expect a rebound and continued growth in the Bitcoin exchange rate with a potential…
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…