BRENT oil quotes end the trading week near the area of 84.43 dollars per barrel. The asset continues to move within the framework of a strong correction and a bullish channel. 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 decline and test the support area near the level of 78.05. Then, it is worth considering a rebound upward and continued growth of oil to…
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 Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a fall and a bearish channel. Moving averages indicate a bullish 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 time, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2365. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6387 area. The pair continues to move as part of the development of an aggressive 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 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 0.6535.…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3659. The pair continues to move as part of the development of the correction and the 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 currency pair and potential continued growth 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 1.3565 area. Then, a rebound upward and continued growth…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 149.33. The pair continues to move within the rise and 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 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 144.25. Then, a rebound upward and continued growth of the pair to…
Gold ends the trading week with growth near the 1831 area. XAU/USD quotes continue to move within the fall and bullish channel. Moving averages indicate a bullish trend in Gold. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price fall. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1825 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2035. GOLD Weekly Forecast…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD end the trading week within the framework of the fall near the level of 0.5990. Moving averages indicate a bearish trend for the pair. Prices are again testing the area between the signal lines, 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 0.6095.…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9100. The pair continues to move within the growth and bullish 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 American currency and a potential continuation of the instrument’s growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 0.8895. Next, a rebound upwards and an attempt to continue the growth of the…
Bitcoin BTC/USD ends the trading week at the level of 27964 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 sellers of the asset and a potential continuation of the fall in asset prices. At the moment, we can expect an attempt to develop a decline in the price of the coin and a test of the support area near the level of 27205. From where we can again expect a rebound upward…
Ethereum ETH/USD ends the trading week at 1646 and continues to move within the correction and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a price fall and a test of the support level near the 1430 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target…