BRENT oil quotes are ending the trading week near the area of 63.94 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 fall and a test of the support area near the level of 53.65. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 69.65 dollars per…
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 ends the trading week within the framework of the development of growth and a bullish channel near the level of 1.3071. 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 1.3235. Next, a rebound downwards and a…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6230 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 test the resistance area near the 0.6375 level. Then, a downward rebound and a continuation…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong decline, but remains 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 1.3365 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4305 level. USD/CAD…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall within the descending channel near the 142.24 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 144.05 area. Then, a rebound downwards and a continuation of the fall of the pair to…
GOLD ends the trading week with aggressive growth near the 3229 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 3035 area. Further, a rebound in prices upwards and continuation of XAUUSD growth 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 level of 0.5816. 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 0.5885. Then, a rebound…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8167. The pair continues to move within the framework of the development of an aggressive fall 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 82321 and continues to move within the development of a bearish correction and a bullish channel. There is still potential for the formation of a reversal pattern “Wedge”. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset 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…
Ethereum ETH/USD ends the trading week with a fall at 1559 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 1745 area. From where we should again expect a rebound downwards and a continuation of the fall in the rate…