The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a fall near the level of 1.3638. The pair continues to move as part of the development of growth and the formation of a large “Head and Shoulders” reversal 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 1.3725 area.…
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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.
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the area of 155.84. The pair continues to move within the growth and 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 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 153.65 area. Then, a rebound upward and continued growth of the pair to…
Gold ends the trading week with growth near the 2386 area. XAU/USD quotes continue to move within the growth and bullish channel. 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 2310 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2675. GOLD Forecast May 20…
Quotes of the currency pair New Zealand Dollar are finishing the trading week as part of the development of a bullish correction near the level of 0.6105. 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 0.6275. Then, a…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9093. The pair continues to move as part of the development of the fall. 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 fall and a test of the support area near the level of 0.8825. Next, a rebound upwards and an attempt to continue the growth…
Bitcoin BTC/USD ends the trading week at 66429 and continues to move within the development of growth and a 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 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 62605. From where we can again expect a rebound upward and continued growth of the Bitcoin…
Ethereum ETH/USD ends the trading week at 3036 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 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 2895 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…
Litecoin LTC/USD ends the trading week at 83.09 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from buyers of the digital asset and potential continued growth in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and test the support area near the level of 75.05. From where we can again expect a rebound upward and an attempt to continue to grow in the value of Litecoin…
Quotes of Silver XAG/USD end the trading week near the 29.68 area. Quotes continue to move within the framework of strong 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 28.25 area. Next, the price of Silver will continue to rise with a…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and a bullish channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0828. As part of the Forex forecast for May 16, 2024, we should expect an attempt to develop a bearish…