Silver close the trading week near the area of 26.86. Quotes continue to move within the correction after a strong growth. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to correct the asset value and test the support level near the 23.05 area. Further, the continued growth in the price of Silver with a potential target above the level of 35.05. Silver Weekly Forecast and Analysis August…
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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 Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. Here, there is a potential for the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1799. As part of the Forex forecast for August 14, 2020, we should expect an attempt to grow…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern, in case of a breakdown of the support level and fixing prices below 1.2945, we should expect an aggressive fall in the currency pair and the beginning of this pattern. The formation of the «Wolfe Wave» descending pattern also remains relevant. At the time of the publication of the forecast, the Pound to US Dollar rate on FOREX is 1.3051. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines, which indicates…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. The «Head and Shoulders» reversal pattern is also formed here. Moving averages indicate a short-term bullish trend. Prices are bouncing off the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7142. At the moment, we should expect an attempt to develop growth and test the resistance area near the level…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.94. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of the rise in prices. As part of the forecast for the Japanese Yen exchange rate for August 14, 2020, we should expect…
Brent 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 price of Brent crude oil is $ 44.90 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are 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 $ 44.65 per barrel. Further, the continued growth of the…
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 1.3228. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price decline in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3205 area. Further, an…
GOLD continue to move as part of the fall and the formation of the «Wedge» model. At the time of the publication of the forecast, the price of GOLD is 1950 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the decline. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1960 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 a reversal pattern. At the time of the publication of the forecast, Silver prices are at $27.19. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the asset. At the moment, we should expect an attempt to develop the growth in the value of the metal and a test of the resistance level near the area of $27.55. Where can we expect…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a correction and a bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued 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 0.6541. At the moment, we should expect an attempt to grow and test the resistance level near the…