Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of a decline near the level of 0.5974 and the formation of the “Triangle” pattern. The moving averages indicate the presence of 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 fall of the currency pair on Forex and a test of…
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.
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8642. The pair continues to move within the framework of the development of the fall and the formation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the fall of the instrument from the current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support area…
Bitcoin BTC/USD ends the trading week at 65423 and continues to move within the development of growth and a bullish channel. 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 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 59565. From where we should again expect an upward rebound and continued growth of the…
Ethereum ETH/USD ends the trading week at 3176 and continues to move within the correction and the formation of the “Triangle” reversal pattern. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and potential continuation of 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 2965 area. From where we should again expect an upward rebound and continued growth in the rate and cost of Ethereum with a…
Quotes of Silver XAG/USD end the trading week near the area of 28.79. Quotes continue to move within the framework of the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend for the asset. Prices are testing the area between the signal lines again, indicating 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 a test of the support level near the 28.35 area. Next, continued growth in the price of Silver with a…
Litecoin LTC/USD ends the trading week at 69.06 and continues to move in correction and the formation of the reversal pattern “Head and Shoulders”. 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 level of 65.05. From where we should again…
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 downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in 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 1.0796. As part of the Forex forecast for August 2, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2808. Moving averages indicate the presence of a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar and a…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of a fall and a descending channel. The moving averages indicate the presence of a short-term bearish 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 fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6543. At the moment, we should expect an attempt to develop a…
The quotes of the USD/JPY currency pair continue to move within the development of a strong fall and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.67. 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, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for August 2, 2024,…