Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1436 area. The pair continues to move as part of the correction and the formation of a large «Triangle» pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a likely continuation of the bullish correction. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.1495. Where is the rebound and the continuation of the fall of the…
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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 $ 43.16 per barrel. And it continues to move within the bullish correction and the downward channel. 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 and test the resistance area near the level of 44.45. Then, the rebound and the continuation of the fall of oil to the area below the level of $ 27.45 per barrel. BRENT…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2559. The pair continues to move as part of the correction and the formation of a large «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. Prices are testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to continue the development of an upward correction and test the resistance area near the level of 1.2685. Further,…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.80 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 are testing the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week July 20 — 24, 2020 we should expect an attempt to develop a fall and a test of the support area near the level of 67.75. Where can we expect a rebound and continued growth in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6996 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continued growth. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7025. Then, the rebound and the continuation of the fall in AUD/USD with a potential target below the level of 0.6125. AUD/USD Forecast and Analysis…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3572. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area 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 develop a correction and a test of the support level near the 1.3425 area. Then, the continued growth of quotations with a target above the level of 1.4195.…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 106.99 area. The pair continues to move within the correction and the downward 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 area of 105.45. Then, a rebound and continued growth of the pair to the area above the level…
GOLD completing the trading week near the 1810 area. XAU/USD quotes continue to move within 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 a test of the support level near the 1685 area. Further, the GOLD price will continue to rise with a potential target above the level of 1955. GOLD Price Forecast and Analysis July 20 —…
Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week near the 0.6555 area. Moving averages indicate a downtrend 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 0.6605. Then, a rebound and continuation of the fall of the currency pair with a potential target below the level of 0.6155. NZD/USD Forecast and Analysis July 20 — 24, 2020 An…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9387. The pair continues to move within the correction and the downward channel. Moving averages indicate a downtrend. Prices went 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 drop and a test of the support area near the level of 0.9315. Further, a rebound and an attempt to continue the growth of the pair with a…