The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the fall and the formation of the bearish Wolfe Wave pattern. 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 already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2965. Further, a rebound down and the continuation of the fall of 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.
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6388. 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 0.6465. Then, a rebound…
Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3557. 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 1.3355. Then, a rebound upwards and continued growth…
Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with growth near the area of 145.42. 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 141.75. Then, a rebound up and…
Gold ends the trading week with growth near the 1893 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 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 area of 1835. 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 0.5918. 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 0.8806. 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 went down from 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 0.8565.…
Bitcoin BTC/USD ends the trading week at 26353, continues to move as part of the development of a strong fall and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, 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 25405. From where we should again expect a rebound upwards and continued growth…
Ethereum ETH/USD ends the trading week at the level of 1677 and continues to move as part of the fall and the 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 price increase and test the resistance level near the 1855 area. From where we should again expect a rebound down and a continuation of the fall in the…
Litecoin LTC/USD ends the trading week at 64.80 and continues to move as part of a strong fall and left the bullish channel. Moving averages indicate a bullish 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 resistance area near the level of 73.65. Where should we expect a downward rebound again and an attempt…