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…
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 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…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a fall near the area of 145.42. 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 143.65 area. Then, a rebound upward and continued growth of the pair to the…
Gold ends the trading week with growth near the 2047 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 1970 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2265. GOLD Forecast January 15…
Quotes of the currency pair New Zealand Dollar end the trading week within the framework of growth development near the level of 0.6231. 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 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 downwards…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8539. 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 0.8425. Next, a…
Bitcoin BTC/USD ends the trading week at the level of 45901 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 should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 43165. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 2665 and continues to move within the framework of growth and left the 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 2395 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential…
Litecoin LTC/USD ends the trading week at 74.71 and continues to move within the correction and 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 price decline and a test of the support area near the level of 68.55. From where we can again expect a rebound upward and an attempt to continue to grow…
Quotes of Silver XAG/USD end the trading week near the 23.03 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 20.95 area. Next, the price of Silver will continue to rise…