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 1.4285 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3945. USD/CAD Forecast and Analysis…
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.
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 153.45 area. The moving averages indicate a bullish trend. Prices have once again 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 a price increase and a test of the resistance level near the 155.25 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the 143.85 level. USD/JPY Forecast and Analysis…
GOLD ends the trading week with growth near the 2667 area. XAU/USD quotes continue to move within the rise and ascending 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 price growth and a test of the resistance level near the 2765 area. Next, a downward price rebound and a continuation of the fall of XAUUSD with a potential target below the 2285 level. GOLD Forecast and Analysis…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5763 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 0.8937. The pair continues to move within the development of growth and a descending channel. 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 0.8975. Next, a rebound downwards…
Bitcoin BTC/USD ends the trading week at the level of 99875 and continues to move within the development of growth and a 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 a bearish correction in the coin price and a test of the support area near the level of 92995. From where we should again expect an upward rebound and continued…
Ethereum ETH/USD ends the trading week at 3870 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 decline and a test of the support level near the 3465 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…
Quotes of Silver XAG/USD end the trading week near the 30.78 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of an upward trend for the asset. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the asset value and a test of the support level near the 29.85 area. Next, the continuation of the growth of the Silver price…
The EUR/USD currency pair continues its movement within the framework of a downtrend and descending channel. There remains potential for forming a “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, indicating selling pressure on the euro and the potential continuation of the pair’s decline from current levels. At the time of publishing this forecast, the Euro to Dollar exchange rate today stands at 1.0486. In the Forex forecast for December 13, 2024, we can expect an attempt at a…
The Pound/Dollar GBP/USD currency pair continues to move within the fall and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2725. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and a test of the resistance area near the 1.2825…