Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6469. The pair 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 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 0.6595. Then, a rebound and continued fall of AUD/USD with…
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 1.3484. The pair continues to move within a strong downward correction and a bullish channel. Moving averages indicate a bullish trend. Prices have gone up from 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 1.3315. Then, a rebound upwards and the continuation of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 146.66. The pair continues to move as part of the development of a downward correction and a bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 141.85. Then, a rebound up and continued growth of the fall…
GOLD ends the trading week with a fall near the 1672 area. XAU/USD quotes continue to move as part of the growth and the downward channel. Moving averages indicate the presence of a bearish trend for Gold. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the price fall. 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 1635. Further, the continuation of the growth in the price of Gold with a…
Quotes of the New Zealand Dollar to US Dollar NZD/USD are completing the trading week as part of a strong bullish correction near the level of 0.5910. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing the area between the signal ones, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall from the current levels on 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…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9950. The pair continues to move within the correction and a long-term 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 currency and a potential continuation of the growth of the instrument from current levels. At the moment, we should expect an attempt to develop a downward price correction and a test of the support area near the level of 0.9755. Further, a rebound and an attempt to continue the…
Bitcoin BTC/USD ends the trading week at 21167, 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 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 22605. From where we should again expect a rebound down and a continued fall in the Bitcoin rate…
Ethereum ETH/USD ends the trading week at 1660 and continues to move within a bullish correction and a downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing 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 1835 area. From where we should again expect a rebound down and a continued fall in the exchange rate and the cost of…
XRP/USD complete the trading week at 0.4966 and continue 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 and a potential continuation of the fall of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.5265. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1375 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 67.22 and continues to move as part of a strong growth and left the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decrease and test the support area near the level of 55.65. Where can we expect a rebound again and an attempt to continue the…