Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2023 area. 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 1.2185. Further, a rebound down and the continuation of 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 56.48 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 are again testing 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 from these levels. In the current trading week July 18 — 22, 2022 we should expect an attempt to develop a decline and…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6725. 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 0.6845. Then, a rebound and continued fall…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3123. The pair continues to move within the growth and 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 1.3005. 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 138.71. 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 130.75. Then, a rebound up and continued growth of the pair’s fall to the area…
GOLD completes the trading week near the 1703 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 price growth and test the resistance level near the area of 1755. Further, the continuation of the fall in the price of GOLD with a potential target below the level of 1585.…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of a fall near the level of 0.6127. 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 0.6205. Then, a rebound…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9825 The pair continues to move as part of the growth and the bullish channel. 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 0.9505. Further, a rebound and an attempt to continue the rise of the pair with a potential…
Bitcoin BTC/USD ends the trading week at 20599, continues to move within the correction and the downward channel. There is potential for a top-down Flag pattern to form. 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 21455. From where we should again expect a rebound down…
Ethereum ETH/USD ends the trading week at 1196 and continues to move within the correction and the 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 test the resistance level near the area of 1295. Where can we expect a rebound down again and a continuation of the fall in the exchange rate and the cost…