The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.0837 area. Moving averages indicate a bearish 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 1.0915. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential target for…
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.
BRENT oil quotes end the trading week near the area of 77.49 dollars per barrel. Moving averages indicate a bullish 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 growth and test the resistance area near the level of 79.75. Then, it is worth considering a rebound downward and the continuation of the fall of oil to the area below the level of 59.65 dollars per barrel. BRENT Forecast November 20…
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 1.2465. 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 0.6466 area. The pair continues to move as part of the development of the fall and the 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 0.6685. Then, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3762. The pair continues to move within the framework of growth development and has left the limits of the downward 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 1.3630 area. Then, a rebound upward…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the 150.46 area. The pair continues to move within the growth 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 147.65 area. Then, a rebound upward and continued growth of the pair to the area…
Gold ends the trading week with growth near the 1986 area. XAU/USD quotes continue to move as part of the formation of the “Triangle” pattern. 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 1915 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2175. GOLD…
Quotes of the currency pair New Zealand Dollar are completing the trading week as part of the development of a correction near the level of 0.5950. 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 0.6025. Then,…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8884. The pair continues to move as part of the development of the correction and the formation of the bearish Wolfe Wave 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 price growth and test the resistance area near the level of 0.9165. Next, a rebound downwards and…
Bitcoin BTC/USD ends the trading week at the level of 36243 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 33575. From where we can again expect a rebound upward and…