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 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. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1812. As part of the Forex forecast for August 26, 2020, we should expect an attempt to grow and test the resistance level near the 1.1885 area.…
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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 continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3128. 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 the moment, we should expect an attempt to continue the growth of the British Pound against the US Dollar and test the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal dress. Moving averages indicate a short-term bearish trend. Prices broke through the areas between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7172. 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 correction and the formation of the bullish «Wolfe Wave» pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.31. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the areas between the signal lines upward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for August 26,…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $45.66 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, 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 oil rate to the area above…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline and the formation of the «Head and Shoulders» reversal pattern, as well as the «Triangle» pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3203. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the areas 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…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1921 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the 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 1945 area. Where can we expect a rebound and the continued fall in the price of GOLD with…
Silver continue to move as part of the correction and the beginning of the «Head and Shoulders» pattern. At the time of the publication of the forecast, Silver prices are at $26.33. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the value of the asset. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the 26.85 area. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a decline and a bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off 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 time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6537. At the moment, we should expect an attempt to grow and test the resistance level…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of the «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 have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the Swiss…