BRENT oil quotes end the trading week near the area of 84.17 dollars per barrel. There is still potential for the completion of the formation of the Double Bottom 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 raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 83.05. Then, it is worth considering a rebound upward and continued growth of oil…
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.
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2405. Next, a rebound upward and continued growth of Pound/Dollar quotes to the area above the level of 1.3165.…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6608 area. The pair continues to move as part of the development of the correction and the downward channel. 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 0.6670. Then, a rebound and…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a fall near the level of 1.3680. 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 1.3745 area.…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with an increase near the area of 155.64. 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 2366 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 2275 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2665. GOLD Forecast May 13…
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,…
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…