Currency pair Euro Dollar EUR/USD completes the trading week near the area of 0.9931 and continues to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices broke down 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 bullish correction and a test of the resistance area near the level of 0.9985. Where is the expected rebound and continued fall of…
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.
BRENT complete the trading week near the area of 98.47 dollars per barrel. The asset continues to move as part of the growth and completion of the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate an uptrend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of raw materials and a potential continuation of growth 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 92.55. 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 correction near the area of 1.1331. There is still potential for the formation of a “Wedge” reversal pattern, a downward breakdown of which will indicate a strong fall in the pair. The pair continues to move within the descending channel. Moving averages indicate a bearish trend. Prices have gone down from 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,…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 60.15 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week November 7 — 11, 2022, we should expect an attempt to develop a decline and test the support area near…
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…
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…