ETH/USD are trading at 2436 and continue to move within the framework of the development of the correction and the descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin’s value and a test of the resistance level near the 2545 area. From where we should again expect a downward price rebound and a continuation of the fall…
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 is finishing the trading week as part of the correction development near the level of 1.1055. The moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a minor correction in the EUR/USD quotes and a test of the support area near the…
BRENT oil quotes are ending the trading week near the area of 77.30 dollars per barrel. There is still potential for completing the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices broke through the area between the 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 75.05. Then, we should consider an upward rebound and continued growth of oil to…
The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a correction and an ascending channel near the level of 1.3132. 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 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 growth and a test of the resistance area near the level of 1.2985. Next, an upward rebound and continued growth of…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6775 area. The pair continues to move within the development of the rise and the formation of the “Triangle” pattern. 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 asset buyers and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to develop growth and test the resistance area near the 0.6815 level. Then, a downward rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline. The moving averages indicate a bullish trend. 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 decline in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3395 area. Then, an upward rebound and continued growth of quotes with a target above the 1.3845 level. USD/CAD Forecast and Analysis September 2 — 6, 2024…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 145.54 area. The pair continues to move within the bullish correction and bearish channel. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 144.55 area. Then, an upward rebound and continued growth of the…
GOLD ends the trading week with growth near the 2515 area. XAU/USD quotes continue to move within the growth and bullish 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 a price correction and test the support level near the 2440 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2785 level. GOLD Forecast and Analysis September 2 — 6,…
Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of the rise near the level of 0.6244 and the formation of the “Triangle” model. Moving averages indicate a bearish trend for the pair. 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 from the current levels on the market. At the moment, we should expect an attempt to develop the rise of the currency pair on Forex and a test of the resistance area near the level…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8500. The pair continues to move within the development of a fall and a descending channel. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall 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 0.8675. Next, a rebound downwards and…