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 0.5893. 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 0.6045. Then,…
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.
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9018. 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 fall and a test of the support area near the level of 0.8705. Next, a rebound upwards and an attempt to continue the growth…
Bitcoin BTC/USD ends the trading week at the level of 37226 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 33865. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 2084 and continues to move within the growth and bullish channel. Moving averages indicate a bearish trend in 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 1925 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 72.67 and continues to move within the bullish correction and has left the bullish 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 a bullish price correction and a test of the resistance area near the level of 77.95. Where can we again expect a downward rebound and an attempt…
Quotes of Silver XAG/USD end the trading week near the 22.50 area. Quotes continue to move within the correction and bearish channel. Moving averages indicate a bearish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth 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 20.85 area. Further, the price of Silver will continue to rise with a potential target above…
The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.0704 area. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop growth in the pair’s quotes and test the resistance area near the level of 1.0865. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential downward target is the area…
BRENT oil quotes end the trading week near the area of 87.50 dollars per barrel. The asset continues to move as part of the correction and 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 raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 86.35. Then, it is worth considering a rebound upward and continued growth of oil…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a strong bullish correction and a bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, 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 1.2405. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6488 area. The pair continues to move as part of the development of a bullish correction 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 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 0.6665. Then, a…