Litecoin LTC/USD ends the trading week at 65.99 and continues to move as part of the correction and formation of the Head and Shoulders reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 62.05. From where we can again expect a…
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.
Quotes of Silver XAG/USD end the trading week near the 22.93 area. Quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the metal and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a minor bearish correction in the value of the asset and a test of the support level near the area of 22.15. Next, the price of Silver will continue to…
The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.0879 area. There is still potential for the formation of a Double Top reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a likely continuation of growth from current levels. At the moment, we should expect an attempt to develop a rise in the pair’s quotes and a test of the resistance area near the level of 1.0965. Where is the expected rebound downwards and the…
BRENT oil quotes end the trading week near the area of 79.15 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 have broken through the area between the signal lines downwards, 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 76.45. Then, it is worth considering a rebound upward and continued growth of oil to…
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 1.2705. 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 0.6579 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 downwards, 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 0.6670. Then, a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3486. The pair continues to move as part of the development of the rise and the bullish channel. 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 bearish correction and a test of the support level near the 1.3365 area. Then, a…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a fall near the area of 148.19. The pair 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, 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 decline and a test of the support level near the 144.95 area. Then, a rebound upward and continued growth of the pair to the…
Gold ends the trading week with growth near the 2027 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 1965 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2205. GOLD Forecast January 22…
Quotes of the currency pair New Zealand Dollar are finishing the trading week within the framework of growth development 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 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 bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6255. Then, a rebound…