BRENT complete the trading week near the area of 90.74 dollars per barrel. And it continues to move within the framework of a strong downward correction and a bullish channel. Moving averages indicate an uptrend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of raw materials and a potential continuation of the fall 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 87.65. Then, it is worth considering a rebound upwards and continued growth of oil…
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 Pound Dollar GBP/USD ends the trading week with a fall near the area of 1.1614. The pair continues to move as part of the development 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 and a potential continuation of the fall of the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.1915. Further, a rebound…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 58.37 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 have broken down the area between the signal lines, which indicates pressure from sellers of the US dollar and a likely continuation of the fall of the pair already from these levels. In the current trading week September 12 — 16, 2022, we should expect an attempt to develop a decline and test the support…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6856. The pair continues to move within the framework of the fall and the descending channel. The potential for the formation of the “Descending Triangle” pattern remains. 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…
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…
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…