Author: forex24pro

BRENT oil quotes end the trading week near the area of ​​84.56 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 79.45. Then, it is worth considering a rebound upward and continued growth of oil to the area above the…

The currency pair Pound/Dollar GBP/USD ends the trading week as part of growth development near the level of 1.2934. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2785. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area above the level…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6701 area. The pair continues to move as part of the development of growth and the completion of the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the level of…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a fall as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 1.3755 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below…

Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of ​​157.24. The pair continues to move within a strong decline and an ascending channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 156.45 area. Then, a rebound upward and continued growth of the pair…

GOLD ends the trading week with growth near the 2420 area. XAU/USD quotes continue to move as part of the correction and after breaking through the upper boundary of the “Triangle” pattern. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a slight price correction and a test of the support level near the area of ​​2385. Next, prices will rebound upward and continue to grow in XAUUSD…

Quotes of the currency pair New Zealand Dollar end the trading week within the framework of the fall near the level of 0.6036. 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 current levels in 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 the level of 0.5895. Then, a rebound upward and…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8880. The pair continues to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish 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 decline from current levels. At the moment, we should expect an attempt to develop a price rise and a test of the resistance area near the level of 0.8945. Next,…

Bitcoin BTC/USD ends the trading week at 64168 and continues to move within the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we can expect an attempt to develop a bearish correction in the price of the coin and a test of the support area near the level of 57305. From where we can again expect a rebound upward and continued growth of the Bitcoin rate…

Ethereum ETH/USD ends the trading week at 3436 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop a price decline and a test of the support level near the 2845 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above…