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 0.6017. Moving averages indicate a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the decline from current levels in the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6095. Then,…
Author: forex24pro
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.
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9062. The pair continues to move as part of the development of the fall and the formation of an inverted “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 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 0.9125.…
Bitcoin BTC/USD ends the trading week at 62946 and continues to move within the development of growth and a bullish channel. 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 55605. From where we can again expect a rebound upward and continued growth of the Bitcoin rate…
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 2885 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 82.92 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 a test of the support area near the level of 75.35. From where we can again expect a rebound upward and an attempt to continue to grow in the value…
Quotes of Silver XAG/USD end the trading week near the 28.57 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 area of 28.15. Further, the price of Silver will continue to rise with…
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 1.0768. As part of the Forex forecast for May 8, 2024, we should expect an attempt to develop a bearish…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2539. 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 a bullish correction of the British Pound rate against the American Dollar and a test of the resistance…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of growth and a bullish channel. 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 a potential continuation of the growth in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6597. At the moment, we should expect an attempt to develop a decline and test the support…
The quotes of the USD/JPY currency pair continue to move as part of the development of a bullish correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 154.13. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate on May 8, 2024, we should expect an attempt to…