The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3624. The pair continues to move as part of the growth 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 currency pair and a potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a slight correction and a test of the support level near the area of 1.3465. 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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a correction near the area of 139.63. The pair continues to move within the framework 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 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 135.35. Then, a…
GOLD ends the trading week with strong growth near the 1953 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 have gone up from 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 1935 area. Further, the continuation of the growth in the price of Gold with a potential target above the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6077. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the 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 level of…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9029. The pair continues to move as part of the growth and completion of the formation of the reversal pattern “Wedge”. 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 0.8910. Further, a rebound upwards and an…
Bitcoin BTC/USD ends the trading week at 26438, continues to move as part of the development of a bearish correction and the beginning of the development of the Head and Shoulders reversal 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 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 24505. From where we…
Ethereum ETH/USD ends the trading week at 1810 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, 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 1665 area. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum with a…
XRP/USD complete the trading week at 0.4602 and continue to move as part 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 and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near 0.3405. Where can we expect a rebound again and the continued growth of the cryptocurrency to the area above the level of 0.5895. XRP Weekly Forecast May…
Litecoin LTC/USD ends the trading week at 86.69 and continues to move as part of the correction and the formation of the “Triangle” model. 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 72.05. Where can we expect a rebound again and an attempt to continue…
Bitcoin Cash ends the trading week at 111.83, continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to increase the value of the digital asset and test the resistance area near the level of 120.05. From where a rebound down is expected again and an attempt to continue the…