The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6642 area. The pair continues to move as part of the development of a sideways 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 asset and a potential continued growth in the value 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 level of 0.6745.…
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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.
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a correction as part 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 currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3525 area. Then, a rebound upward and a continuation of the rise in quotes with a target above the level of 1.4225.…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the 160.74 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 158.65 area. Then, a rebound upward and continued growth of the pair…
GOLD ends the trading week with growth near the 2328 area. XAU/USD quotes continue to move as part of the correction and the 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 2295 area. Next, prices will rebound upward and continue to grow in XAUUSD with a potential target above…
Quotes of the currency pair New Zealand Dollar NZD/USD are ending the trading week in a decline near the level of 0.6118. 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 rise in the currency pair on Forex and a test of the resistance area near the level of 0.6155. Then, a rebound downwards and a…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8994. The pair continues to move as part of the development of a bullish correction and a 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 rise and a test of the resistance area near the level of 0.9035. Next, a rebound downwards and an…
Bitcoin BTC/USD ends the trading week at the level of 61445 and continues to move as part of the development of the correction and the formation of the “Triangle” 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 correction in the price of the coin and a test of the support area near the level of 56205. From where we can again expect a rebound…
Ethereum ETH/USD ends the trading week at the level of 3436 and continues to move as part of the correction and formation of the “Triangle” pattern. 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 potential continued 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 3195 area. From where we can again expect a rebound upward and continued growth in the rate and value of…
Quotes of Silver XAG/USD end the trading week near the 29.24 area. Quotes continue to move within the bearish correction and 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 27.75 area. Next, the price of Silver will continue to rise with a potential target above…
Litecoin LTC/USD ends the trading week at 73.55 and continues to move within the bearish correction and bullish channel. Moving averages indicate a bullish 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 price correction and a test of the support area near the level of 67.75. From where we can again expect a rebound upward and an attempt to continue…