Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0223 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.0385. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the decline…
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.
BRENT complete the trading week near the area of 94.60 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 have broken through the area between the signal lines down, which indicates pressure from the sellers of raw materials and a potential continuation of the fall. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 87.05. Then, it is worth considering a rebound upwards and the continuation of the growth of oil…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2138. The pair continues to move within the framework of the fall and the descending 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 continuation of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 57.61 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 8 — 12, 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 0.6964. The pair continues to move within the correction and the 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 0.7045. Then, a rebound and continued fall of AUD/USD with…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2869. The pair continues to move within the correction and the bullish channel. 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 1.2685. 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 133.28. 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 129.75. Then, a rebound up and continued growth of the fall of the pair to…
GOLD completes the trading week near the 1788 area. XAU/USD quotes continue to move within the correction 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 area of 1745. Further, the continuation of the growth in the price of Gold with a potential target above the level…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a correction near the level of 0.6294. 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 0.6375. Then, a rebound…
Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9566 The pair continues to move as part of a strong downward correction and a 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. At the moment, we should expect an attempt to reduce…