Quotes of the currency pair New Zealand Dollar are finishing the trading week as part of the development of a strong bullish correction near the level of 0.6149. 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…
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 0.8747. The pair continues to move as part of the development of the correction and the formation of the bullish “5-0” 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 0.8645. Next, a rebound…
Bitcoin BTC/USD ends the trading week at 43753 and 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 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 38605. From where we can again expect a rebound upward and continued growth of the Bitcoin…
Ethereum ETH/USD ends the trading week at 2366 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 2185 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 the level of 75.75 and continues to move as part of the correction and the formation of the “Wedge” reversal pattern. 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 79.95. Where can we again expect…
Quotes of Silver XAG/USD end the trading week near the 23.74 area. Quotes continue to move within the framework of a strong correction and a bullish channel. Moving averages indicate a bullish 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 23.45 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 1.0840 area. 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 1.0975. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential target for…
BRENT oil quotes end the trading week near the area of 80.99 dollars per barrel. 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 78.25. Then, it is worth considering a rebound upward and continued growth of oil to the area above the level of $100.85 per barrel. BRENT Forecast December 4 — 8, 2023…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a bullish correction. 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 1.2835. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level of…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6639 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 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 0.6665. Then, a rebound…