The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.1353. The moving averages indicate a bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD quotes and a test of the resistance area near the level of 1.1525. From where a downward rebound…
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 oil quotes are ending the trading week near the 65.90 dollar per barrel area. The moving averages indicate a bearish trend. Prices have broken through the area with signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the 67.05 level. Then, we should consider a rebound downwards and a continuation of the fall of oil to the area below the level of 55.85 dollars per barrel. Brent Weekly…
The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of the development of growth and a bullish channel near the level of 1.3309. The moving averages indicate the presence of 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 the level of 1.3475. Next, a rebound downwards and a…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6378 area. The pair continues to move within the development of a bullish correction and a descending channel. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, 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 0.6495 level. Then, a downward rebound and…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong bullish correction 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 1.3865 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4325 level. USD/CAD Weekly…
Quotes of the currency pair Dollar/Yen USD/JPY are completing the trading week of a bullish correction within the descending channel near the 143.36 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 144.75 area. Then, a rebound downwards and a continuation of the fall of the pair…
GOLD ends the trading week with aggressive growth near the 3299 area. XAU/USD quotes continue to move within the correction and bullish channel. Moving averages indicate an upward trend in 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 growth near the 0.5952 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 0.6035. Then, a rebound downwards…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8291. The pair continues to move within the framework of the development of a bullish correction and the beginning of the “Triangle” model. 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 a bullish price correction and a test of the resistance area near…
Bitcoin BTC/USD ends the trading week at the level of 93766 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 87305. From where we should again expect an upward rebound and continued…