The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2953. The pair continues to move within the growth and 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 1.2785. Then, a rebound upwards and the continuation of the rise in quotes with a…
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 136.97. The pair continues to move within the development of growth and a bullish channel. The potential for the formation of the “Triangle” model remains. 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 132.05. Then, a rebound up…
GOLD completes the trading week near the 1751 area. XAU/USD quotes continue to move as part of the fall 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 1700 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 0.6190. The potential for the formation of the “Triangle” model remains. 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…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9656 The pair continues to move as part of the growth and a long-term bullish channel. There is still the potential to complete the formation of the “Wedge” reversal pattern, with the breakdown of which it is worth considering the continuation of the price growth. Moving averages indicate a bullish trend. Prices have broken through 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 from current levels. At the moment, we should…
Bitcoin BTC/USD ends the trading week at 21404, continues to move within the correction and the downward channel. There is a potential for the formation of a descending “Descent Flag” pattern, in case of a downward breakdown of such a pattern, it is worth considering an aggressive continuation of the fall with deep targets below. Moving averages indicate a bearish trend. Prices have broken through 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…
Ethereum ETH/USD ends the trading week at 1656 and continues to move as part of the fall 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 1845 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate and the cost…
XRP/USD complete the trading week at 0.3574 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 0.4605. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2165 again. XRP Weekly Forecast August 29…
Litecoin LTC/USD ends the trading week at 55.53 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices went down from 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 65.05. Where should we expect a rebound down again and an attempt to…
Bitcoin Cash ends the trading week at 125.50, 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 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 155.05. From where a rebound down is expected again and an attempt…