Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a strong bullish correction near the area of 1.2286. The pair continues to move within the descending 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 bullish correction and test the resistance area near the level of 1.2365. Further, a rebound down…
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 60.47 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 5 — 9, 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 0.6803. The pair continues to move within the framework of growth 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 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 0.6895. Then, a rebound and continued fall of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3460. The pair continues to move within the framework of a strong correction and the formation of a “Wedge” 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 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 1.3325. Then, a rebound…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a strong fall near the area of 134.66. 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 142.75.…
GOLD completes the trading week with a correction near the 1795 area. XAU/USD quotes continue to move as part of growth and have left the limits of 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 1720. Further, the continuation of the growth in the price of…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a strong growth near the level of 0.6400. 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…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9371. The pair continues to move within the framework of the fall and the bullish 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 0.9535. Further, a rebound down and an attempt…
Bitcoin BTC/USD ends the trading week at 16938, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 bullish correction in the price of the coin and a test of the resistance area near the level of 17705. From where we should again expect a rebound down and a continuation of the fall in…
Ethereum ETH/USD ends the trading week at 1279 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have gone down from the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall 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 1375. From where we should again expect a rebound down and a continuation of the fall in the exchange…