BRENT oil quotes are ending the trading week near the area of 72.03 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 bullish correction and a test of the resistance area near the level of 73.65. Then, it is worth considering a downward rebound and a continuation of the fall of oil to the area below the level…
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 as part of the decline development near the level of 1.0401. The pair continues to move within the descending channel. The moving averages indicate the presence of 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…
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 1.2553. 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 from the current levels. At this point, we should expect an attempt to develop a fall and test the support area near the level of 1.2305. 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 0.6251 area. The pair continues to move within the development of an aggressive 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 decline and a test of the support area near the 0.6085 level. Then, an upward rebound and continued…
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 1.4405 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3955. USD/CAD Forecast and Analysis…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 156.63 area. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, 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 157.65 area. Then, a downward rebound and continued fall of the pair to the area below the 148.75 level. USD/JPY Forecast and Analysis December 23 — 27, 2024 An additional signal in favor of the…
GOLD ends the trading week with growth near the 2627 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 a test of the support level near the 2525 area. Next, a price rebound upward and continuation of XAUUSD growth with a potential target above the 2845 level. GOLD Forecast and Analysis December 23…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a strong fall near the 0.5650 level 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 0.5605…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8943. The pair continues to move within the framework of growth development and the formation of the “Triangle” model. 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 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 0.8995.…
Bitcoin BTC/USD ends the trading week at the level of 97154 and continues to move within the development of the correction 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 80405. From where we should again expect an upward rebound and…