Currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3467. 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 1.3325 area. Then, a rebound upward and continued growth of…
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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.
Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with growth near the area of 148.25. 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 141.75 area. Then, a rebound upward and continued growth of the pair…
Gold ends the trading week with growth near the 1928 area. XAU/USD quotes continue to move within the correction 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 buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1895 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2080. GOLD Weekly Forecast September…
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 0.5953. 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…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9051. The pair continues to move within the framework of growth. Moving averages indicate a bearish trend. There is still potential for the formation of a Head and Shoulders reversal pattern. 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 fall 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 0.8805. Next,…
Bitcoin BTC/USD ends the trading week at the level of 26667, continuing to move as part of the development of the correction and 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 asset and a potential continuation of the fall in the asset’s quotes. 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 26305. From where we can again expect a rebound upward…
Ethereum ETH/USD ends the trading week at 1594 and continues to move within the decline 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 should expect an attempt to develop a price fall and a test of the support level near the 1535 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target…
Litecoin LTC/USD ends the trading week at 64.61 and continues to move within the fall and has left the bullish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards. 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 74.25. From where we can again expect a downward rebound and an…
Quotes of Silver XAG/USD end the trading week near the 23.74 area. Quotes continue to move within the growth and 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 22.35 area. Next, the price of Silver will continue to rise with a potential target above…
The currency pair Euro to US Dollar (EUR/USD) continues to move as part of the development of the fall and the bearish channel. Moving averages indicate the presence of a short-term downward trend in the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0685. As part of the Forex forecast for September 21, 2023, we should expect an…