The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a fall 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 and a potential continuation of the growth of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2875. Next, a rebound downwards and the beginning of the fall of the Pound/Dollar quotes to the area below…
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 currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6584 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 are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall 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 0.6695. Then, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3553. The pair continues to move as part of the development of the correction and 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 bearish correction and a test of the support level near the 1.3385 area. Then, a rebound upward and…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the area of 151.38. 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 147.75 area. Then, a rebound upward and continued growth of the pair to…
Gold ends the trading week with growth near the 2293 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 2210 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2565. GOLD Forecast April 8…
Quotes of the currency pair New Zealand Dollar are finishing the trading week as part of the development of a fall near the level of 0.6019. 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 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 0.6055. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9027. The pair continues to move within the framework of growth development and has left the bearish 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 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 decline and a test of the support area near the level of 0.8745. Next, a rebound upwards and an attempt…
Bitcoin BTC/USD ends the trading week at the level of 66908 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 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 fall in the price of the coin and a test of the support area near the level of 65605. From where we can again expect…
Ethereum ETH/USD ends the trading week at 3277 and continues to move within the bearish 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 should expect an attempt to develop a price decline and a test of the support level near the 2965 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…
Litecoin LTC/USD ends the trading week at 98.96 and 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. 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 decline and test the support area near the level of 90.45. From where we can again expect a rebound upward and an attempt to continue to grow in the value of…