The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6438 area. The pair continues to move within the development of a bullish correction and a descending channel. 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 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…
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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.
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline 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 decline in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the 1.3762 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4335 level. USD/CAD Weekly Forecast May…
Quotes of the currency pair Dollar/Yen USD/JPY are completing the trading week of a bullish correction within the descending channel near the 144.57 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 146.25 area. Then, a rebound downwards and a continuation of the fall of the pair…
GOLD ends the trading week with a correction near the 3262 area. XAU/USD quotes continue to move within the decline 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 continued 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 3155 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above the 3775…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are ending the trading week with growth near the 0.5941 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 0.6065. Then, a rebound downwards…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8230. The pair continues to move within the development of a bullish correction. 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 price decline and a test of the support area near the level of 0.7995. Next, a rebound downwards and an attempt…
Bitcoin BTC/USD ends the trading week at 96718 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 90405. From where we should again expect an upward rebound and continued growth of the…
Ethereum ETH/USD ends the trading week with a fall at 1822 and continues to move within the development of a bullish correction and a descending channel. Moving averages indicate a downward trend for ETH/USD. Prices have broken through the area between the signal lines downwards, 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 price growth and a test of the resistance level near the 1975 area. From where we should again expect a downward rebound and a continuation of the fall…
Silver XAG/USD quotes end the trading week near the 32.45 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 30.35 area. Further, the continuation of the growth…
The EUR/USD currency pair continues to move within the framework of the development of the fall and the beginning of the implementation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotes of the currency pair from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1305. Within the framework of…