The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3683. 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 1.3585 area. Then, a rebound upward and continued growth of quotes with…
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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/Yen USD/JPY complete the trading week with growth near the area of 149.59. 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 144.95 area. Then, a rebound upward and continued growth of the pair to the…
Gold ends the trading week with growth near the 1889 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 downwards, indicating pressure from sellers and a potential continuation of the price fall. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1845 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2035. GOLD Weekly Forecast…
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 0.5906. 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 0.9081. The pair continues to move as part of the development of the correction and the bullish 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 decline and a test of the support area near the level of 0.8915. Next, a rebound upwards and an attempt to…
Bitcoin BTC/USD ends the trading week at the level of 26775 and continues to move as part of the development of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 24705. From where we can again expect a…
Ethereum ETH/USD ends the trading week at 1544 and continues to move within the fall and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a price rise and a test of the resistance level near the 1725 area. From where we can again expect a downward rebound and a continuation of the fall in the rate and value of Ethereum with…
Litecoin LTC/USD ends the trading week at 61.25 and continues to move as part of the correction and formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards. 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 64.05. From where we can again expect a downward rebound…
Quotes of Silver XAG/USD end the trading week near the 22.10 area. Quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a sideways trend for an asset. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the metal and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a minor bearish correction in the value of the asset and a test of the support level near the 21.05 area. Next, the price of Silver will…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a correction and a bearish channel. Moving averages indicate the presence of a short-term downward trend in the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a potential continuation of the fall in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0602. As part of the Forex forecast for October 12, 2023, we should expect an attempt…