Author: forex24pro

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8682. The pair continues to move as part of the development of the fall and 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 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 fall and a test of the support area near the level of 0.8475. Next, a…

Bitcoin BTC/USD ends the trading week at 41138 and continues to move as part of the development of a bearish correction 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 37105. From where we can again expect a rebound upward and continued…

Ethereum ETH/USD ends the trading week at 2461 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 a price decline and a test of the support level near the 2355 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 level…

Litecoin LTC/USD ends the trading week at 68.21 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 62.85. From where we can again expect a…

Quotes of Silver XAG/USD end the trading week near the 22.78 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 21.25 area. Next, the price of Silver will continue to rise…

The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.0940 area. There is still potential for 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 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 1.0985. Where is the expected rebound downwards and…

BRENT oil quotes end the trading week near the area of 79.80 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 75.05. 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 point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2825. 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 0.6684 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 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 0.6745. Then, a rebound and…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3374. The pair 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 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 1.3225 area. Then, a rebound upwards and a continuation…