BRENT complete the trading week near the area of 94.29 dollars per barrel. And it continues to move within the framework of a downward correction and a bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of growth 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 88.55. Then, it is worth considering a rebound upwards and continued growth of oil in 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.
Currency pair Pound Dollar GBP/USD ends the trading week with a strong fall near the area of 1.1833. The pair continues to move as part of the development of the correction 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 1.2125. Further, a…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 55.65 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 August 22 — 26, 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 0.6881. 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 0.7145. Then, a rebound and continued fall…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2993. 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 1.2775. Then, a rebound upwards and the continuation of the rise in quotes with a…
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 131.55. Then, a rebound up…
GOLD completes the trading week near the 1750 area. XAU/USD quotes continue to move within the correction and have left the bearish 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 area of 1705. Further, the continuation of the growth in the price of Gold with a potential target above…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.6202. 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 a test of the resistance area near the level…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9571 The pair continues to move as part of the growth and a long-term bullish channel. The potential for the formation of the “Wedge” reversal pattern remains, with the breakdown of which it is worth considering the continuation of the price rise. 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 from current levels. At the moment, we should expect an attempt…
Bitcoin BTC/USD ends the trading week at 21437, continues to move within the correction and the downward channel. There is a potential for the formation of a descending “Flag Flag” pattern, in case of a breakdown of such a pattern, an aggressive continuation of the fall should be considered. Moving averages indicate a bearish trend. Prices continue to rebound from 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 fall in the price of…