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 1.2405. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the…
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 currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6488 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 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 0.6665. Then, a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3698. The pair continues to move as part of the development of a bearish correction 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 1.3585 area. Then, a rebound upward and continued…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 149.46. The pair continues to move within the correction 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 143.75 area. Then, a rebound upward and continued growth of the pair to the…
Gold ends the trading week with growth near the 2000 area. XAU/USD quotes continue to move within the growth and bullish channel. 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 1945 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2255. GOLD Forecast November 6…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are completing the trading week as part of the development of a bullish correction near the level of 0.5969. 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…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8995. The pair continues to move as part of the development of the correction 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 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 0.9145. Next, a rebound downwards and an attempt to continue the fall of…
Bitcoin BTC/USD ends the trading week at the level of 34403 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 should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 31385. From where we can again expect a rebound upward and…
Ethereum ETH/USD ends the trading week at 1794 and continues to move within the growth and bullish channel. Moving averages indicate a bearish trend in 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 1590 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 68.62 and continues to move as part of the correction and has left the bullish channel. 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 77.85. Where again we can expect a downward rebound and an…