ETH/USD are trading at 2760 and continue to move within the development of a sideways correction and the formation of the “Triangle” pattern. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset’s value from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the coin and a test of the resistance level near the 2785 area. From where we should again expect a downward rebound…
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 Euro Dollar EUR/USD currency pair ends the trading week with growth near the level of 1.0393. The pair continues to move within the correction and the formation of the “Triangle” model. The moving averages indicate the presence of a bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a probable continuation of the fall from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a decline in the EUR/USD quotes…
BRENT oil quotes are ending the trading week near the area of 75.10 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 decline and a test of the support area near the level of 72.35. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 82.75 dollars per…
The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of growth development and has left the bearish channel near. The moving averages indicate the presence of a downward trend. Prices are again testing the area between the signal lines, 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 support area near the level of 1.2465. Next, an upward rebound and continued growth of Pound…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6339 area. The pair continues to move within the development of the correction and the 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 fall and a test of the support area near the level of 0.6235. Then, an upward…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline and has left the bullish channel. The moving averages indicate an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop an increase and test the resistance level near the 1.4295 area. Then, a downward rebound and continued fall in quotes with a target below the 1.3725 level. USD/CAD Weekly Forecast February 17 — 21,…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 152.55 area. The moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from US dollar buyers and potential continuation of growth 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 154.95 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 144.75 level. USD/JPY Weekly Forecast February 17 —…
GOLD ends the trading week with growth near the 2935 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish 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 price decline and a test of the support level near the 2865 area. Next, a price rebound upwards and continuation of XAUUSD growth with a potential target above the 3175 level. GOLD Weekly Forecast February 17 —…
Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5706 level. Moving averages indicate a bearish trend for the pair. 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 fall from the current levels on the market. At the moment, we should expect an attempt to develop a fall in the currency pair on Forex and a test of the support area near the level of 0.5545. Then, an upward rebound and continued growth of…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9019. The pair continues to move within the framework of the development of the fall and the completion of 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 upwards, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. USD/CHF Weekly Forecast February 17 — 21, 2025 At the moment, we should expect an attempt to develop…