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 1.3625 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4265 level. USD/CAD Forecast and Analysis August 12 — 16,…
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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 146.54 area. The pair continues to move within the bullish correction and bearish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating 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 149.05 area. Then, a rebound downwards and a continuation of the fall of…
GOLD ends the trading week with growth near the 2429 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 2355 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2725 level. GOLD Forecast and Analysis August 12 — 16,…
Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of a fall near the 0.6020 level 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 the…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8648. The pair continues to move within the framework of growth development and the formation of the reversal pattern “Head and Shoulders”. 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 a price fall and a test of the support area near the level…
Bitcoin BTC/USD ends the trading week at the level of 60521 and continues to move within the development of growth and a bullish channel. 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 50965. From where we should again expect an upward rebound and continued growth of…
Ethereum ETH/USD ends the trading week at 2595 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 the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2275 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential…
Quotes of Silver XAG/USD end the trading week near the 27.48 area. Quotes continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend for the asset. Prices are again testing the area between the signal lines, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the asset value and test the support level near the 26.45 area. Further, the continuation of the growth of the Silver price with a potential target above…
Litecoin LTC/USD ends the trading week at 60.25 and continues to move in the correction and descending channel. Moving averages indicate 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 55.05 level. From where we should again expect an upward rebound and an attempt to continue the…
The Euro/Dollar currency pair EUR/USD continues to move within the development of a bearish correction and a bullish channel. The moving averages indicate the presence of a short-term 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 potential continuation of the growth of the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0894. Within the framework of the Forex forecast for August 9, 2024, we should…