The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6628 area. The pair continues to move within the framework of the decline 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 downwards, 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 a bullish correction and a test of the resistance area near the 0.6765 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 currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the bearish channel. The moving averages indicate a bullish 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 a fall and test the support level near the 1.3675 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4075 level. USD/CAD Forecast and Analysis August 19 — 23,…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 147.77 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 bullish price correction and a test of the resistance level near the 151.45 area. Then, a rebound downwards and a continuation of the…
GOLD ends the trading week with growth near the 2486 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 2465 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2805 level. GOLD Forecast and Analysis August 19 — 23,…
Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of the rise near the level of 0.6027 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 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 the growth of the currency pair on Forex and a test of the resistance area near…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8669. The pair continues to move within the development of growth 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 0.8745. Next, a rebound downwards and an…
Bitcoin BTC/USD ends the trading week at the level of 58737 and continues to move within the framework of the correction development and the formation of the bullish “Wolf Wave” pattern. The moving averages indicate the presence of a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and a potential continuation of the asset’s quotes growth. 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 50405. From where we should again…
Ethereum ETH/USD ends the trading week at 2610 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 2085 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target…
Quotes of Silver XAG/USD end the trading week near the 28.23 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices are again 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 27.55 area. Further, the continuation of the growth of the Silver…
Litecoin LTC/USD ends the trading week at 65.32 and continues to move in the growth and descending channel. Moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, this indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support area near the 45.05 level. From where we should again expect an upward rebound and an attempt…