The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6507 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 0.6690. Then, 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.
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3453. 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 1.3295 area. Then, a…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a fall near the area of 149.35. 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 area of 145.05. Then, a rebound upward and continued growth of the pair to…
Gold ends the trading week with growth near the 2032 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 2020 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2265. GOLD Forecast February 12…
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 0.6143. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth 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 0.6245. Then, a…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8754. The pair continues to move as part of the development of a correction and the formation of a “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 0.8525. Next, a…
Bitcoin BTC/USD ends the trading week at the level of 46624 and continues to move 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 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 42405. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at the level of 2469 and continues to move as part of the growth and formation of the “Head and Shoulders” reversal pattern. 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 price growth and a test of the resistance level near the 2555 area. From where we can again expect a downward rebound and a continuation of the fall in…
Litecoin LTC/USD ends the trading week at 70.50 and continues to move within the bullish correction and bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. 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 price growth and test the resistance area near the level of 70.95. From where we can again expect a downward rebound and an attempt to continue the fall in the…
Quotes of Silver XAG/USD end the trading week near the 22.59 area. Quotes continue to move as part of the correction and the formation of the “Triangle” pattern. 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 21.85 area. Next, the price…