Author: forex24pro

Litecoin LTC/USD ends the trading week at 93.35 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 86.05. Where can we expect a rebound again and…

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…

Currency pair Euro/Dollar EUR/USD completes the trading week near the area of 1.0916 and continues to move as part of the correction and the completion of the formation of a large reversal pattern “Head and Shoulders”. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop the growth of quotes and test the resistance area near the level of 1.0955. Where is the expected…

Quotes of BRENT oil complete the trading week near the area of 77.35 dollars per barrel. The asset continues to move within the framework of the decline and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 65.05. Then, it is worth considering a rebound upwards and the continuation…

The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of growth and the formation of the reversal pattern “Wedge” with the aim of working out at the level of 1.1705. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, 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 1.2955. Further, a…

Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 91.60 Rubles per US Dollar. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week July 10 — 14, 2023, we should expect an attempt to develop a correction and test the support area near the level of 86.65. Where should we expect a…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6659. 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 0.6735. Then, a rebound…

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…

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…