Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6920. The pair 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 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 0.7065. Then, a rebound and continued fall of AUD/USD with…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2863. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, 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 1.2765. Then, a rebound upwards and the continuation of the rise in quotes with…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 137.35. The pair continues to move within the development of growth and a 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 130.45. Then, a rebound up and continued growth of the fall of the pair to…
GOLD completes the trading week near the 1722 area. XAU/USD quotes continue to move as part of the fall and 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 1690 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 correction near the level of 0.6237. Moving averages indicate the presence of a bearish 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 from 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 0.6345. Then, a rebound…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9825 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 went up from 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. At the moment, we should expect an attempt to reduce the price and test the support area near the level of 0.9435. Further, a rebound and an attempt to…
Bitcoin BTC/USD ends the trading week at 23455, continues to move within the correction and the downward channel. There is potential for the formation of a top-down “Flag” pattern. 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 fall in the price of the coin and test the resistance area near the level of 28055. From where we should again expect a rebound…
Ethereum ETH/USD ends the trading week at 1636 and continues to move as part of the development of a bullish correction and a downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines down, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a price increase and a test of the resistance level near the 1875 area. From where we should again expect a rebound down and a continued fall in…
XRP/USD complete the trading week at 0.3634 and continue to move as part of the fall 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 0.3885. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.0365 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 58.74 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. This indicates pressure from the 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 70.05. Where can we expect a rebound down again and an attempt to drop…