Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the 160.78 area. The pair continues to move within the framework of growth 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 158.85 area. Then, a rebound upward and continued growth of the pair…
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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.
GOLD ends the trading week with growth near the 2362 area. XAU/USD quotes continue to move as part of the rise and formation 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 2285 area. Next, prices will rebound upward and continue to grow in XAUUSD with a potential target above the…
Quotes of the currency pair New Zealand Dollar are ending the trading week in a decline near the level of 0.6114. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth from current levels in the market. At the moment, we should expect an attempt to develop a rise in the currency pair on Forex and a test of the resistance area near the level of 0.6235. Then, a rebound downwards and a continuation of…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8986. The pair continues to move as part of the development of the correction and the downward 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 American currency and a potential continuation of the instrument’s growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 0.8725. Next, a rebound upwards and an attempt…
Bitcoin BTC/USD ends the trading week at the level of 54379 and continues to move as part of the development of the fall and the completion of the formation of the Double Top reversal pattern. 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 bullish correction in the price of the coin and a test of the resistance area near the level of 56305. From where…
Ethereum ETH/USD ends the trading week at 2871 and continues to move within the fall and left the 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 can expect an attempt to develop a price rise and a test of the resistance level near the 3195 area. From where we can again expect a downward rebound and a continuation of the fall in the rate and value of…
Quotes of Silver XAG/USD end the trading week near the 30.51 area. Quotes continue to move within the development of growth and a bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, 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 value of the asset and a test of the support level near the area of 28.05. Next, the price of Silver will continue to rise with a…
Litecoin LTC/USD ends the trading week at 58.54 and continues to move in a strong fall and a downward 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 bullish price correction and a test of the resistance area near the level of 66.05. Where can we again expect a downward rebound and an attempt to…
The American currency showed a decline on Wednesday, July 4, 2024, influenced by disappointing economic data from the United States. A weak services report and ADP jobs report, signaling a slowdown in economic growth, weighed on the dollar versus the euro. Initial jobless claims data, which showed rising unemployment, also contributed to the dollar’s decline. Currency strategists at Rabobank said the data reinforces expectations that the labor market is weakening, which could force the Fed to cut rates this year. Participants are already pricing in two interest rate cuts by the Federal Reserve in 2024. The first reduction of 25…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the rise and has consolidated above the upper boundary of the downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2749. Moving averages indicate a short-term 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 of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American…