The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the area of 0.6286. There is still potential for the formation of a reversal pattern “Head and Shoulders”. The pair continues to move within the development of a sideways correction and a descending channel. Moving averages indicate the presence of a bearish trend. Prices broke 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…
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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 correction within the bullish channel. The moving averages indicate an upward trend. 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 in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the 1.4272 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4775 level. USD/CAD Weekly Forecast March 31 —…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a correction near the 150.80 area. The moving averages indicate a bullish 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 151.65 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the…
GOLD ends the trading week with aggressive growth near the 3079 area. XAU/USD quotes continue to move within the rise 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 3025 area. Further, an upward price rebound and continued growth of XAUUSD in the current trading week with a potential target above the 3235…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are ending the trading week with a correction near the 0.5714 level. Moving averages indicate a bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from sellers of the currency pair and a potential continuation of the fall 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 0.5785. Then, a rebound…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8824. The pair continues to move within the development of a bullish correction and the formation of the “Triangle” model. The moving averages indicate the presence of a bullish 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 the level of…
Bitcoin BTC/USD ends the trading week at 86056 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward 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 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 80405. From where we should again expect an upward rebound and continued growth of…
Ethereum ETH/USD ends the trading week with a fall at 1922 and continues to move within the fall and 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 a bullish price correction and a test of the resistance level near the 2165 area. From where we should again expect a downward rebound and a continuation of the fall in the rate…
Silver XAG/USD quotes end the trading week near the 34.44 area. Quotes continue to move within the development of growth and a bullish channel. 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 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 33.35 area. Next, the continuation of the growth of the Silver price with a…
The EUR/USD currency pair continues to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. The 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 the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0759. As part of the Forex forecast for March 28, 2025, we…