Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3308. The pair continues to move as part of the development of a bullish correction and a bearish 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 currency pair and a potential continuation of the fall in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 1.3365. Then, a rebound down and the continuation…
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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 142.44. The pair continues to move within the framework of a strong correction 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 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 139.05. Then, a rebound…
Gold ends the trading week with growth near the 1929 area. XAU/USD quotes continue to move within the bullish channel. The potential remains to complete the formation of the “Wedge” reversal pattern. 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 1905. Further, a rebound in prices and continued growth of…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6191. 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 0.8921. The pair continues to move within the framework of the fall and the descending channel. 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 bullish price correction and a test of the resistance area near the level of 0.9045. Further, a rebound down and an attempt…
Bitcoin BTC/USD ends the trading week at 30257, 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 up, which indicates pressure from buyers of the asset and a potential continuation of the growth of 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 28205. From where we should again expect a rebound upwards and continued growth in…
Ethereum ETH/USD ends the trading week at the 1866 level and continues to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines up, which indicates pressure from cryptocurrency buyers 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 1835 area. From where we should again expect a rebound upwards and continued growth in the rate…
Litecoin LTC/USD ends the trading week at 96.83 and continues to move within the correction after a strong growth and the start of the Triangle pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset and the potential continued growth of 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 90.55. Where can we expect a rebound again and an attempt…
Quotes of Silver XAG/USD complete the trading week near the area of 23.07. Quotes continue to move within the correction and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a slight decrease in the value of the asset and a test of the support level near the area of 22.05. Further, the continuation…
The euro slipped below $1.09 at the end of the second quarter as investors weighed in on conflicting euro zone inflation data and the European Central Bank’s pledge to keep raising interest rates. Headline inflation in the euro area fell to 5.5% in June from 6.1%, but core inflation rose to 5.4% from 5.3%. National inflation rates vary. In Germany, the consumer price index accelerated to 6.4% from a 14-month low in May. However, inflation slowed in Italy and France, and in Spain the rate fell to 1.9%, marking the first time that a country in the eurozone has reached…