Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3601. The pair continues to move as part of the development of strong 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 1.3365. Then, a rebound upwards and continued growth…
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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 146.15. 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 140.45. Then, a rebound up and…
Gold ends the trading week with growth near the 1913 area. XAU/USD quotes continue to move within a slight correction and a bullish channel. Moving averages indicate the presence of a bullish trend for 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 decrease in prices and a test of the support level near the 1895 area. Further, a rebound in prices up 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 0.5912. 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 completes the trading week near the level of 0.8850. The pair 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 0.8615.…
Bitcoin BTC/USD ends the trading week at 26110, 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 25665. From where we should again expect a rebound upwards and continued growth…
Ethereum ETH/USD ends the trading week at 1656 and continues to move within the correction and bearish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines, 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 fall in prices and a test of the support level near the area of 1495. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum…
Litecoin LTC/USD ends the trading week at 64.59 and continues to move as part of the fall and 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 price correction and a test of the support area near the level of 59.05. Where can we expect a rebound again and an attempt to continue the…
Quotes of Silver XAG/USD complete the trading week near the 24.11 area. 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 23.25. Further, the continuation of the…
The currency pair Euro to US Dollar (EUR/USD) continues to move as part of a slight decrease and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0849. As part of the Forex forecast for August 24, 2023, we should expect an attempt to develop…