BRENT oil quotes are ending the trading week near the $70.49 per barrel area. The moving averages indicate a bearish trend. Prices have broken through the 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 a bearish correction and test the support area near the level of 66.85. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $75.85 per barrel. Brent Weekly Forecast March 17 — 21, 2025…
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 Pound/Dollar GBP/USD is finishing the trading week within the framework of strong growth and a bullish channel near 1.2937. The moving averages indicate a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop growth and a test of the resistance area near 1.3125. Next, a rebound downwards and a continuation of the fall in Pound Dollar quotes to the area…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6302 area. The pair continues to move within the development of a sideways 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 0.6395 level. Then, a downward rebound and…
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 1.4425 area. Then, an upward rebound and continued growth of quotes with a target above the 1.5015 level. USD/CAD Weekly Forecast March 17 —…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline near the 148.68 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 151.85 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 a correction near the 2996 area. XAU/USD quotes continue to move within the aggressive 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 2905 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD currency pair are ending the trading week with growth near the 0.5721 level. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines, which indicates 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 0.5805. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8845. The pair continues to move within the development of a bullish correction and the formation of the “Triangle” pattern. 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 the level of 83061 and continues to move within the framework of the correction and bullish channel development. 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 80505. From where we should again expect an upward rebound and continued…
Ethereum ETH/USD ends the trading week with a fall at 1899 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 2175 area. From where we should again expect a downward rebound and a continuation of the fall in the rate…