The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the 1.0703 area. There is still potential for the formation of a Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a likely continuation of the fall 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…
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.
Quotes of BRENT oil end the trading week near the area of 90.18 dollars per barrel. The asset continues to move within the framework of growth and has left the long-term 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 raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 79.75. Then, it is worth considering a rebound upward and continued growth…
The currency pair Pound/Dollar GBP/USD ends the trading week in a downward trend. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth 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 1.2685. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level of 1.1675. GBP/USD Weekly Forecast September 11…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6395 area. The pair continues to move as part of the development of the fall and the long-term downward 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 0.6505. Then, a…
Currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3663. 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 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 1.3525 area. Then, a rebound upward and continued growth of quotes with a…
Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with growth near the area of 147.31. 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 141.65 area. Then, a rebound upward and continued growth of the pair…
Gold ends the trading week with growth near the 1925 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 1905 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2145. 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 0.5908. 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 0.8916. The pair continues to move within the growth and 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 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 0.8845. Next, a rebound upwards and an attempt to continue the growth of the currency…
Bitcoin BTC/USD ends the trading week at the level of 26101, 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 23405. From where we can again expect a rebound upward…