BRENT oil quotes are ending the trading week near the $71.82 per barrel area. 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 current levels. At the moment, we should expect an attempt to develop a decline and a test of the support area near the 63.55 level. Then, we should consider an upward rebound and continued growth of oil to above the $85.95 per barrel level. BRENT Forecast and Analysis November 18 — 22, 2024 An additional signal in favor…
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 ends the trading week within the development of an aggressive fall and a bullish channel near the level of 1.2673. The moving averages indicate the presence of an upward trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of 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 1.2595. Next, an upward rebound and continued growth of…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6467 area. The pair continues to move within the development of growth and a bullish channel. The moving averages indicate the presence of an upward 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 level of 0.6585. Then, an upward rebound and continued…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong 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 1.4165 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3775. USD/CAD Forecast…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 155.27 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 a price increase and test the resistance level near the 160.05 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 146.25 level. USD/JPY Forecast and Analysis November 18 — 22,…
GOLD ends the trading week with growth near the 2568 area. XAU/USD quotes continue to move within the fall and bullish channel. Moving averages indicate a bullish trend for Gold. Prices are 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 2455 area. Next, a price rebound upward and continuation of XAUUSD growth with a potential target above the 2675 level. GOLD Forecast and Analysis November 18 — 22,…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.5870 level and are moving within the formation of the “Triangle” model. 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…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8878. The pair continues to move within the framework of the development of strong growth 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…
Bitcoin BTC/USD ends the trading week at the level of 89337 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 bearish correction in the coin price and a test of the support area near the level of 76505. From where we should again expect an upward rebound…
Ethereum ETH/USD ends the trading week at 3093 and continues to move within the growth and bullish channel. Moving averages indicate a bearish 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 2865 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…