Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1226 area. The pair continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate the presence of a flat trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency and the 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 1.1395. Where is the rebound expected and the continuation of the fall…
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 complete the trading week near the area of 42.54 dollars per barrel. And it continues to move within the framework of the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from commodity sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 45.05. Then, a rebound and continued fall of oil to the area below the level of 28.05 dollars per barrel. BRENT crude oil Forecast…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2454. The pair continues to move as part of the fall after rising. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the depreciation of the British Pound against the US Dollar at current levels. At this, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 1.2715. Further, the rebound and the beginning of the fall of the Pound/Dollar…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 71.36 Rubles per US Dollar. The pair continues to move in the framework of growth and the rising channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US Dollar. In the current trading week July 6 — 10, 2020 we should expect an attempt to develop a fall and test the support area near the level of 68.25. Where can we expect a rebound and continued growth of the Dollar…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6937. The pair continues to move as part of the growth. Moving averages indicate a bearish trend. Prices strongly pierced the area between the signal lines up, which indicates pressure from buyers and the potential continuation of growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7045. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.6205. AUD/USD Forecast and Analysis July 6 — 10,…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3567. 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 the buyers of the currency pair and the potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop correction and a test of the support level near the area of 1.3415. Then, continued growth of quotations with a target above the level of 1.4475.…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 107.50. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from sellers of the US Dollar and the 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 106.25. Then, a rebound and continued growth of the pair to the area above the…
GOLD completes the trading week near the area of 1775. XAU/USD quotes continue to move as part of the growth and upward channel. Moving averages indicate a bullish trend for Gold. Prices pushed from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the area of 1705. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1935. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6523. Moving averages indicate a downward trend in the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to grow the currency pair at Forex and test the resistance area near the level of 0.6615. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6025. NZD/USD Forecast and Analysis July 6 — 10, 2020 An…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9482. The pair continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a downward trend. Prices went down from the area between the signal lines, indicating strong pressure from sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt at another fall in prices and a test of the support area near the level of 0.9315. Further, a rebound and an attempt to continue the growth…