Apple continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bearish trend for Apple. Prices broke through the area between the signal lines up, which indicates pressure from buyers of shares and a likely continuation of the growth in the value of securities in the near future. At the time of publication of the forecast, the value of the shares is 144.50. As part of the forecast, we should expect an attempt to develop a downward correction and a test of the support level near the area of 140.05.…
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 Euro Dollar EUR/USD completes the trading week near the area of 1.0564 and continues to move as part of growth and has left the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a slight decrease and test the support area near the level of 1.0225. Where is the expected rebound up and continued growth of the Euro Dollar. The…
BRENT complete the trading week near the area of 76.57 dollars per barrel. The asset continues to move within the framework of a strong fall and the formation of a “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 correction and test the support area near the level of 70.45. Then, it is worth considering a rebound upwards and…
Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a strong bullish correction near the area of 1.2238. The pair continues to move within the bullish 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 British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a correction and test the support area near the level of 1.1845. Further, a rebound upwards and…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 60.24 Rubles per US Dollar. The pair continues to move within the growth and bullish 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 US dollar and the likely continuation of the fall of the pair already from these levels. In the current trading week December 12 — 16, 2022 we should expect an attempt to develop a decline and test the support area near the level of…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6756. The pair continues 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 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 0.6845. Then, a rebound and continued fall of AUD/USD with…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a strong fall near the area of 136.27. The pair continues to move within the framework of the development of the decline and the formation 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 US dollar and a potential continuation of the rise. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 141.65.…
GOLD completes the trading week with a correction near the 1790 area. XAU/USD quotes continue to move as part of growth and have left the descending channel. Moving averages indicate the presence of a bearish 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 1715. Further, the continuation of the growth in the price of Gold with a…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of the growth near the level of 0.6374. Moving averages indicate the presence of a bearish trend for the pair. 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 already from current levels on the market. At the moment, we should expect an attempt to continue the development of the bullish correction of the currency pair on Forex and test the resistance area near the level of…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9340. The pair continues to move within the framework of the fall and the descending 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 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 bullish price correction and a test of the resistance area near the level of 0.9475. Further, a rebound down and an attempt…