Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2129. 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 1.2275. Further, a rebound down 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.
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 57.37 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal 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 15 — 19, 2022 we should expect an attempt to develop a decline…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7087. The pair continues to move as part of the development of a strong correction and a downward channel. Moving averages indicate a bearish trend. Prices are again rebounding 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 0.7110. Then, a rebound…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2783. The pair continues to move within the correction and the bullish channel. The potential for the formation of a reversal pattern “Wedge” remains. Moving averages indicate a bullish trend. Prices are rebounding 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 1.2695. Then, a rebound…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 133.78. The pair continues to move as part of the development of a correction after a strong growth and a bullish channel. The potential for the formation of a double bottom reversal pattern remains. Moving averages indicate a bullish trend. Prices are rebounding 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…
GOLD completes the trading week near the 1785 area. XAU/USD quotes continue to move as part of growth 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 1750 area. 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 correction near the level of 0.6427. Moving averages indicate the presence of a bearish trend for the pair. Prices are again testing 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 the growth of the currency pair on Forex and test the resistance area near the level of 0.6465. Then, a…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9423 The pair continues to move as part of the fall and the 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 have broken through the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to…
Bitcoin BTC/USD ends the trading week at 23695, 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…
Ethereum ETH/USD ends the trading week at 1868 and continues to move as part of the growth 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 1975 area. Where can we expect a downward rebound and a continued fall in the exchange rate and the cost of Ethereum with a…