Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6640. 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 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 0.6795. Then, a rebound…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3766. The pair continues to move within the framework of growth and the beginning of the development of the “Triangle” model. 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 1.3615. Then, a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a fall near the area of 129.93. The pair continues to move as part of the fall and the formation of a bullish “Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from US dollar buyers and a potential continuation of growth. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 124.25. Then, a rebound up and the continuation…
GOLD ends the trading week with strong growth near the 1994 area. XAU/USD quotes continue to move as part of strong growth and a 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 1930 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 0.6206. 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 sellers of the currency pair and a potential continuation of growth already from current levels on the market. At the moment, we should expect an attempt to develop a correction of the currency pair on Forex and a test of the resistance area near the level of 0.6345. Then, a…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9195. 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 the price growth and test the resistance area near the level of 0.9345. Further, a rebound down and an attempt to continue the fall…
Bitcoin BTC/USD ends the trading week at 28005, continues to move as part of the development of growth and a downward channel. Moving averages indicate the presence of a sideways 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 rise in the price of the coin and test the resistance area near the level of 28655. From where we should again expect a rebound down and a continued…
Ethereum ETH/USD ends the trading week at 1783 and continues to move as part of the growth and the formation of the “Triangle” pattern. The moving averages indicate a bearish 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 correction and a test of the resistance level near the 1975 area. From where we should again expect a rebound down and a continuation of the fall in…
XRP/USD complete the trading week at 0.4256 and continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bearish 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 bullish correction and test the resistance area near 0.4385. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below…
Litecoin LTC/USD ends the trading week at 93.03 and continues to move as part of the growth and the formation of the Head and Shoulders reversal 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 rise in the price and a test of the resistance area near the level of 94.05. Where should we expect a downward rebound…