The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3348. The pair continues to move within the correction and the 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 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 1.3275. Then, a rebound upwards and the continuation of the rise in…
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 of corrections near the area of 128.47. The pair continues to move within the correction and the downward channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 127.25. Then, a rebound up and the continuation of the growth of the pair to…
GOLD ends the trading week with strong growth near the 1911 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 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 area of 1855. Further, the continuation of the growth in the price of Gold with a potential…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of the growth near the level of 0.6473. There is potential for a downward Wolfe Wave to form, which could poison the pair to 0.5915 and below. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines upwards, 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 continue the development…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9129. The pair continues to move as part of the correction and the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 0.9105. Further, a rebound upwards and an attempt…
Bitcoin BTC/USD ends the trading week at 23466, continues to move as part of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in 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 26055. From where we should again expect a rebound down and a continued fall in the Bitcoin rate with…
Ethereum ETH/USD ends the trading week at 1644 and continues to move as part of the growth and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing the areas between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 area of 1785. From where we should again expect a rebound down and a continuation of the fall in the exchange…
XRP/USD complete the trading week at 0.4076 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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 0.4945. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.1725. XRP Forecast…
Litecoin LTC/USD ends the trading week at 98.66 and continues to move within the growth and bullish channel. Moving averages indicate the presence of a sideways 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 prices and a test of the resistance area near the level of 105.05. Where should we expect a downward rebound again and an attempt to continue the…
Bitcoin Cash ends the trading week at 137.49, continues to move as part of a bullish correction and a 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 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 continue the growth in the value of the digital asset and test the resistance area near the level of 180.05. From where a rebound down is expected again and…