Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with a strong correction near the area of 141.67. The pair continues to move within the growth and 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 138.25. Then, a rebound upwards and 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.
Gold ends the trading week with growth near the 1961 area. XAU/USD quotes continue to move as part of the rise 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 1910 area. Further, a rebound in prices and continued growth of Gold with a potential target above the…
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 0.6178. 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 the rise of the currency pair on Forex and test the resistance area near the level of 0.6355.…
Currency pair Dollar Franc USD/CHF completes the trading week near the level of 0.8658. The pair continues to move as part of the fall and the formation of the bullish Wolfe Wave pattern. 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 price decrease and test the support area near the level of 0.8465. Further, a rebound upwards and an…
Bitcoin BTC/USD ends the trading week at 29821, continues to move as part of the development of a sideways 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 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 26855. From where we should again expect a rebound upwards and continued…
Ethereum ETH/USD ends the trading week at 1888 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 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 area of 1765. 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 93.01 and continues to move within the correction after a strong rise in price 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 88.65. Where can we expect a rebound again and…
Quotes of Silver XAG/USD complete the trading week near the area of 24.65. 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 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 increase in the value of the asset and a test of the resistance level near the area of 25.75. Further, the continuation of…
The euro hit its highest level against the US dollar since February 2022. The reason for this was the increased expectations of the completion of the current tightening of the US Federal Reserve policy due to weaker-than-expected inflation data in the country. Meanwhile, investors believe that the European Central Bank has yet to cope with inflationary pressures in the eurozone, despite the slowdown in economic growth and lower inflation in the region. In June, inflation in the Eurozone fell to 5.5%, reaching a 17-month low, but the base rate is still well above the European Central Bank’s target of 2%.…
Quotes of BRENT oil complete the trading week near the area of 79.81 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 77.05. Then, it is worth considering a rebound…