The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a fall and a bullish channel near 1.3233. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop growth and a test of the resistance area near 1.3325. Next, a rebound downwards and a continuation of the fall of the Pound Dollar quotes to 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.
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6403 area. The pair continues to move within the development of a fall and a descending channel. The moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 0.6505 level. Then, a downward rebound and a continuation…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the bullish channel. The moving averages indicate an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the 1.3815 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4425 level. USD/CAD Weekly Forecast May 12…
Quotes of the currency pair Dollar/Yen USD/JPY are completing the trading week of a bullish correction within the descending channel near the 145.44 area. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance level near the 146.75 area. Then, a rebound downwards and a continuation of the fall of the pair…
GOLD ends the trading week with a correction near the 3329 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate an upward trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 3195 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above the…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are ending the trading week with a fall near the 0.5895 level. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of growth from the current levels on the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5995. Then, a rebound…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8309. The pair continues to move within the development of a bullish correction and the beginning of the implementation of the “Triangle” pattern. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level…
Bitcoin BTC/USD ends the trading week at 102719 and continues to move within the development of growth and a bullish channel. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of BTCUSD quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 94505. From where we should again expect an upward rebound and continued growth of the…
Ethereum ETH/USD ends the trading week with growth at the level of 2211 and continues to move within the development of growth and left the descending channel. Moving averages indicate the presence of a downward trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1785 area. From where we should again expect an upward rebound and continued…
Silver XAG/USD quotes end the trading week near the 32.55 area. Quotes continue to move within the framework of the correction development and the formation of the “Triangle” model. Moving averages indicate the presence of an upward trend for the asset. Prices have broken through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the asset value and a test of the support level near the 30.45 area. Next, the continuation of the growth…