Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a bullish correction and a downward channel near the area of 1.2607. 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 1.2645. Further, a rebound down and the continuation of the fall…
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 US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 75.01 Rubles per US Dollar. The pair continues to move within a strong downward 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 likely continuation of the pair’s growth already from these levels. In the current trading week May 8 — 12, 2023, we should expect an attempt to develop a correction and test the support area near the level…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6727. The pair continues to move as part of the development of the correction and the long-term downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 0.6835. Then, a rebound…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3490. The pair continues to move within the correction 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 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 1.3375. Then, a rebound upwards and the continuation of the rise…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a correction near the area of 134.19. 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 131.35. Then, a rebound…
GOLD ends the trading week with strong growth near the 2038 area. XAU/USD quotes continue to move as part of the growth 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 1985 area. Further, the continuation of the growth in the price of Gold with a potential target…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6296. Moving averages indicate the presence of a bearish trend for the pair. Prices broke through the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth already from current levels in 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 0.6365. Then, a…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.8931. The pair continues to move as part of the correction and the formation of the bullish “Wedge” 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 0.8815. Further, a rebound upwards and an attempt to…
Bitcoin BTC/USD ends the trading week at 29073, 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 27305. From where we should again expect a rebound upwards and continued growth in…
Ethereum ETH/USD ends the trading week at 1900 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…