BRENT oil quotes end the trading week near the area of 83.18 dollars per barrel. There is still potential for the completion of the formation of the Double Bottom reversal pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 81.05. Then, it is worth considering a rebound upward and continued growth of oil to the…
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 is completing the trading week as part of the development of a correction and the formation of a “Double Top” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, 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 time, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2675. Next, a rebound downwards and the beginning of the fall of…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6502 area. The pair continues to move as part of the development of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have broken through 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 bearish correction and a test of the support area near the level of 0.6485. Then, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3571. The pair continues to move as part of the development of the rise and the formation of the Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. 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 fall in the near future. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the 150.45 area. 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 rise and a test of the resistance level near the 151.25 area. Then, a rebound downward and the pair’s continued fall to the area…
Gold ends the trading week with growth near the 2054 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 2010 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2175. GOLD Forecast March 4…
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 0.6092. 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 fall from current levels in the market. At the moment, we should expect an attempt to develop a bearish correction of the currency pair on Forex and a test of the support area near the level of 0.6045. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8852. The pair continues to move within the development of growth and a bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 decline and a test of the support area near the level of 0.8735. Next, a rebound upwards and an attempt to continue the growth…
Bitcoin BTC/USD ends the trading week at 61982 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 can expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 54505. From where we can again expect a rebound upward and continued growth of the Bitcoin…
Ethereum ETH/USD ends the trading week at 3405 and continues to move within the growth 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 price growth and a test of the resistance level near the 3085 area. From where we can again expect a downward rebound and a continuation of the fall in the rate and value of Ethereum with a potential target below…