Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6471. 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 down, 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 test the resistance area near the level of 0.6525. Then, a rebound…
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.
Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3510. 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 up, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the area of 1.3345. Then, a rebound upwards and continued growth of quotations with…
Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with growth near the area of 145.48. The pair continues to move as part of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the area of 141.35. Then, a rebound upwards and…
Gold ends the trading week with growth near the 1941 area. XAU/USD quotes continue to move within the correction and the bullish channel. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the area of 1910. Further, a rebound in prices and continued growth of Gold with a potential target above the level…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.5958. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from current levels on 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…
Currency pair Dollar Franc USD/CHF continues to move within the framework of growth and the beginning of the development of the bullish “Wolfe Wave” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to develop a fall in prices and a test of the support area near the level of 0.8645. Further, a rebound upwards and an attempt to continue the growth…
Bitcoin BTC/USD ends the trading week at 25943, continues to move as part of the development of the fall and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 23065. From where we should again expect a rebound upwards and continued growth…
Ethereum ETH/USD ends the trading week at 1642 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines down, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a fall in the price and a test of the support level near the area of 1470. From where we should again expect a rebound upwards and continued growth in the rate and…
Litecoin LTC/USD ends the trading week at 63.38 and continues to move as part of the fall and left the bullish channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines down. 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 72.55. Where should we expect a rebound down again and an attempt…
Quotes of Silver XAG/USD complete the trading week near the area of 24.53. Quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the metal and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a slight bearish correction in the value of the asset and a test of the support level near the area of 23.35. Further, the continuation of…