Author: forex24pro

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6639 area. The pair continues to move as part of the development of a bullish correction and the formation of a large “Triangle” pattern. Moving averages indicate a bearish 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…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a correction within the bullish 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 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 1.3645 area. Then, a rebound upward and a continuation of the rise in quotes with a target above the level of 1.3975. USD/CAD Forecast and Analysis June…

Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the area of ​​159.58. The pair continues to move within the framework of growth and the beginning 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 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 area of ​​157.05. Then, a rebound upward…

GOLD ends the trading week with growth near the 2318 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 price correction and a test of the support level near the 2295 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level…

Quotes of the currency pair New Zealand Dollar are completing the trading week as part of the development of a bullish correction 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 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 0.6205. Then, a…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8942. 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 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 0.8995. Next, a rebound downwards and an…

Bitcoin BTC/USD ends the trading week at the level of 63655 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 again 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 should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 56065. From where we can again expect a…

Ethereum ETH/USD ends the trading week at 3477 and continues to move within the correction 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 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 3235 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 the level…

Quotes of Silver XAG/USD end the trading week near the 29.53 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 27.60 area. Next, the price of Silver will continue to rise with a potential target above…

Litecoin LTC/USD ends the trading week at 72.57 and continues to move within the 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 67.55. From where we can again expect a rebound upward and an attempt to continue to…