Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1795. As part of the Forex forecast for August 28, 2020, we should expect an attempt to grow and test the resistance level near the…
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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 ccontinues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern, here we also did not go into working out the “Head and Shoulders” reversal pattern. This indicates pressure from buyers of the asset. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3183. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Wedge» reversal pattern, as we see the sellers failed to go into working out the «Head and Shoulders» model. Moving averages indicate a short-term bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7241. At the moment, we should expect an attempt…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.67. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upward, which indicates pressure from US Dollar buyers and a potential continuation of price growth. As part of the forecast for the Japanese Yen rate for August 28, 2020, we should expect…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.39 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from buyers of «Black Gold» and a potential continuation of the asset’s price growth. At the moment, we should expect an attempt to reduce and test the support level near the area of $ 44.75 per barrel. Further, the continued growth of the oil rate to the area…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a decline and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3136. Moving averages indicate a short-term bearish trend for the pair. Prices pushed down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in prices in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level near the…
GOLD continue to move as part of the correction and the formation of the «Triangle» pattern. At the time of the publication of the forecast, the price of GOLD is 1922 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices bounced off the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall. At the moment, we should expect an attempt to develop a correction and test the resistance level near the 1955 area. Where can we expect a rebound and the continuation of the fall in…
Silver continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, Silver prices are at $ 26.84. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of 27.45. Where can we expect a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong upward correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the areas between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6620. At the moment, we should expect an attempt to grow…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of an inverted «Head and Shoulders» reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9097. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the asset’s value from the current levels. At the moment, we should expect an attempt to develop a fall in…