The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2989. The pair continues to move within the correction after the test of the resistance level and the 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 correction and test the support level near the area of 1.2935. Then, a rebound upwards and the…
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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 142.24. The pair continues to move as part of the development of the correction and the 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 135.65. Then, a rebound up and continued growth of the fall of…
GOLD completes the trading week with a correction near the 1726 area. XAU/USD quotes continue to move as part of the decline 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 fall in prices and a test of the support level near the 1695 area. Further, the continuation of the growth in the price of Gold with a potential…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.6131. 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 0.6285.…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9567 The pair continues to move as part of a strong fall and a long-term bullish channel. The potential for the completion of the formation of the “Head and Shoulders” reversal pattern remains, in the last review they indicated a serious fall in the pair in the current trading week, which happened. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the instrument already…
Bitcoin BTC/USD ends the trading week at 20703, continues to move as part of a strong bullish correction and a 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 27055. From where we should again expect a rebound down and a continuation…
Ethereum ETH/USD ends the trading week at 1690 and continues to move within the correction and the 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 increase and test the resistance level near the 1895 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost of Ethereum…
XRP/USD complete the trading week at 0.34843 and continue 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 and a potential continuation of the cryptocurrency’s decline from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3755. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.1505 again. XRP Weekly Forecast September 12…
Litecoin LTC/USD ends the trading week at 60.83 and 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. 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 rise in prices and a test of the resistance area near the level of 70.05. Where can we expect a rebound down again and an attempt to drop the…
Bitcoin Cash ends the trading week at 129.36, continues to move as part of the fall 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 the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 140.55. From where a rebound down is expected again and…