Dogecoin ends the trading week at 0.0680 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, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop the growth in the value of the digital asset and test the resistance area near the level of 0.0885. From where a rebound down is expected again and an attempt to…
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 Euro/Dollar EUR/USD continues to move within the correction and the downward channel. The potential for the formation of a reversal pattern “Head and Shoulders” remains. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0160. As part of the Forex forecast for August 19, 2022, we…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. The potential for the formation of a double top reversal pattern remains, the bears can only break through the support area. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2039. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6922. At the moment, we should expect an attempt to develop the growth…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and have left the limits of the downward correction channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 135.44. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on August…
Brent continue to move as part of the fall and the formation of a reversal pattern “Wedge”. At the time of the publication of the forecast, the price of Brent oil is $92.77 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of ”Black Gold” and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and continued development of the bullish “Wolfe Wave” model. The potential for the formation of a reversal pattern “Head and Shoulders” remains. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2914. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment,…
GOLD continue to move as part of the fall and have left the limits of the bullish channel. At the time of the publication of the forecast, the price of Gold is 1760 USD per Troy Ounce. Moving averages indicate the presence of a short-term 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 already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1785 area. Where…
Silver continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Silver is 19.73. Moving averages indicate a bullish trend. Prices have broken through the areas between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall in value already from current levels. At the moment, we should expect an attempt to develop an increase in the value of the metal and a test of the resistance level near the area of 20.35. Where should we expect…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the development of the correction and the formation of the “Head and Shoulders” reversal pattern. Prices bounced off the upper border of the channel, which is a strong signal for a further fall in prices. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already…