BRENT oil quotes are ending the trading week near the area of 69.77 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials 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 67.35. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 75.65 dollars per barrel.…
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 the development of strong growth and a bullish channel near the level of 1.2647. The moving averages indicate the presence of 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 the current levels. At this point, we should expect an attempt to develop a fall and a test of the resistance area near the level of 1.2375. Next, an upward…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6308 area. The pair continues to move within the development of a fall 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 0.6355 level. Then, a downward rebound and a…
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 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 1.4265 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4685 level. USD/CAD Weekly Forecast March 10 —…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline near the 147.55 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 150.75 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the…
GOLD ends the trading week with a correction near the 2913 area. XAU/USD quotes continue to move within the 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 2865 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above the 3085 level. GOLD…
Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5720 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 0.5775. Then, a rebound downwards and a continuation of…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8806. The pair continues to move within the framework of the development of the decline 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…
Bitcoin BTC/USD ends the trading week at 88497 and continues to move within the development of the fall 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 86505. From where we should again expect an upward rebound and continued growth of…
Ethereum ETH/USD ends the trading week with a fall at 2187 and continues to move within the fall. 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 2535 area. From where we should again expect a rebound downwards and a continuation of the fall in the rate and value of…