Author: forex24pro

The currency pair Australian Dollar to US Dollar AUD/USD is ending the trading week near the 0.6555 area. The pair continues to move within the framework of the decline and the formation of the “Triangle” pattern. The moving averages indicate 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 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 0.6605 level. Then, a rebound and a…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with aggressive growth within the bullish 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 1.3735 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4345 level. USD/CAD Forecast and Analysis July 29 —…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a strong fall near the 154.01 area. The pair continues to move within the fall and the ascending channel. The moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 150.55 area. Then, an upward rebound and continued growth of the pair to the area…

GOLD ends the trading week with growth near the 2370 area. XAU/USD quotes continue to move within the correction and after updating the historical maximum. 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 slight 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 2665 level. GOLD Forecast and Analysis…

Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of a strong decline near the level of 0.5896. 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 level of 0.5975. Then, a…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8880. The pair continues to move within the framework of the development of the fall and the formation of the reversal model “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 rise and a test of the resistance area…

Bitcoin BTC/USD ends the trading week at 67012 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 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 56905. From where we should again expect an upward rebound and continued growth of the Bitcoin…

Ethereum ETH/USD ends the trading week at 3253 and continues to move within the correction and bullish channel. 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 continued 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 2985 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level of…

Quotes of Silver XAG/USD end the trading week near the 27.65 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 26.75 area. Further, the continuation of the growth of the Silver price with a potential target above…

Litecoin LTC/USD ends the trading week at 70.91 and continues to move in correction. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate during 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 67.45. From where we should again expect an upward rebound and an attempt to continue the growth of the…