BRENT oil quotes are ending the trading week near the area of 75.68 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 71.45. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 92.05 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 is finishing the trading week within the framework of the decline and bearish channel development near the level of 1.2439. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar exchange rate from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2265. Next, an upward rebound and continued…
The currency pair Australian Dollar to US Dollar AUD/USD is finishing the trading week near the 0.6246 area. The pair continues to move within the correction and descending channel development. 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 decline and test the support area near the 0.6115 level. Then, an upward rebound and continued growth of AUD/USD with a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth 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 an increase and test the resistance level near the 1.4545 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3925. USD/CAD Weekly Forecast February…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 154.80 area. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating pressure from US dollar buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 156.85 area. Then, a downward rebound and continued fall of the pair to the area below the 142.35 level. USD/JPY Weekly Forecast February 3 — 7, 2025 An additional signal in favor of the…
GOLD ends the trading week with growth near the 2806 area. XAU/USD quotes continue to move within the growth and the beginning of the implementation of the “Triangle” model. 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 2765 area. Next, a price rebound upwards and continuation of XAUUSD growth with a potential target above the 3125…
Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5669 level within the descending channel. 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 0.5565. Then, an upward rebound…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9088. The pair continues to move within the framework of the correction development 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 upwards, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of…
Bitcoin BTC/USD ends the trading week at the level of 104664 and continues to move within the development of the rise and the bullish channel. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 92245. From where we should again expect an upward rebound and…
Ethereum ETH/USD ends the trading week at 3386 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 3105 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level…