Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 59.80 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 October 10 — 14, 2022, we should expect an attempt to develop a decline and test the support area near…
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 Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6369. The pair continues to move within the framework of the fall and 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 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 0.6575. Then, a rebound and continued fall…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3717. The pair continues to move within the framework of strong growth 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 1.3405. Then, a rebound upwards and the continuation…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 145.30. The pair continues to move within the development of growth 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 139.75. Then, a rebound up and continued growth of the fall of the pair to…
GOLD completes the trading week with a correction near the 1697 area. XAU/USD quotes continue to move within the correction 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 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 price decline and test the support level near the 1665 area. Further, the continuation of the growth in the price of Gold with a potential target above the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.5611. Moving averages indicate the presence of a bearish trend for the pair. Prices have gone down from 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 test the resistance area near the level of 0.5985.…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9947. The pair continues to move within the framework of strong growth 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 reduce the price and test the support area near the level of 0.9755. Further, a rebound and an attempt to continue the rise…
Bitcoin BTC/USD ends the trading week at 19447, continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 23055. From where we should again expect a rebound down and a continued fall in…
Ethereum ETH/USD ends the trading week at 1325 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices broke down 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 increase and test the resistance level near the 1705 area. From where we should again expect a rebound down and a continued fall in the exchange rate and the cost of Ethereum with a…
XRP/USD complete the trading week at 0.5120 and continue to move as part of the growth and the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near 0.4825. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 0.8506 again. XRP…