The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0419. The pair continues to move in a descending channel. The 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 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 pair and a test of the support area…
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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.
BRENT oil quotes are ending the trading week near the $73.42 per barrel area. The moving averages indicate a bearish trend. Prices broke 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 bullish correction and test the resistance area near the level of 77.45. Then, we should consider a downward rebound and a continuation of the fall in oil to the area below the level of $64.45 per barrel. BRENT Forecast December 30, 2024 —…
The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a fall and a bearish channel near the level of 1.2563. 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 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 1.2505. Next, an upward rebound and continued growth…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6206 area. The pair continues to move within the development of a decline 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 decline and test the support area near the 0.6090 level. Then, an upward rebound and continued growth of AUD/USD…
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 1.4505 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3995. USD/CAD Forecast December 30,…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 157.72 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, 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 test the resistance level near the 160.65 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 148.95 level. USD/JPY Forecast December 30, 2024 — January 3, 2025…
GOLD ends the trading week with growth near the 2617 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, 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 test the support level near the 2575 area. Next, an upward price rebound and continued growth of XAUUSD with a potential target above the 3035 level. GOLD Forecast December 30, 2024 — January 3,…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5629 and are moving within the descending channel. The 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 decline in the currency pair on Forex and a test of the support area near the level…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9017. The pair continues to move within the framework of growth development and the formation of the “Triangle” model. Moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and potential continuation of the instrument’s growth 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 0.9095. Next, a rebound downwards…
Bitcoin BTC/USD ends the trading week at 94058 and continues to move within the development of the fall and the bullish channel. 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 the growth of the coin price and a test of the resistance area near the level of 96265. From where we should again expect a downward rebound and a continuation of the…