Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2167. The pair continues to move as part of the fall. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers and the potential continuation of the depreciation of the British Pound against the US Dollar. At this, we should expect an attempt to develop an upward correction and test the resistance area near the level of 1.2325. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of…
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 71.68 Rubles per US Dollar. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the US dollar. In the current trading week May 25 — 29, 2020 we should expect an attempt to develop a fall and test the support area near the level of 70.45. Where can we expect a rebound and continued growth of the Dollar to Russian…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6527. The pair continues to move as part of a strong bullish correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential drop already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6565. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.5855. AUD/USD Forecast and Analysis May…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.4007. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 1.3915. Then, continued growth of quotations with a target above the level of 1.4755. USD/CAD Forecast and Analysis May 25 — 29, 2020 In favor of…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 107.56. The pair continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from sellers of the US Dollar. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the area of 105.25. Then, the rebound and continued growth of the pair in the area above the level of 110.95. USD/JPY Forecast and Analysis May 25…
GOLD completes the trading week near the area of 1735. XAU/USD quotes continue to move as part of the growth and upward channel. Moving averages indicate a bullish trend for Gold. Prices pushed from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the area of 1645. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1955. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6084 area. Moving averages indicate a downward trend in the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the development of the bearish trend. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6155. Then, a rebound and continued fall of the currency pair with a potential target below the level of…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9724. The pair continues to move as part of the correction and the formation of the Triangle model. Moving averages indicate a downward trend. Prices are testing the area between the signal lines, which indicates strong pressure from sellers of American currency. At the moment, we should expect an attempt to reduce prices and test the support area near the level of 0.9655. Further, a rebound and an attempt to continue the growth of the pair with a potential target above the level of 1.0225. USD/CHF Forecast and…
Bitcoin BTC/USD ends the trading week at 9217 and continues to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to continue the correction and test the resistance area near the level of 9805. Where again we should expect a rebound and the continuation of the fall of the Bitcoin rate with a potential target below 6345. Bitcoin Forecast and Analysis May…
Ethereum ETH/USD closes the trading week at 206.74 and continues to move as part of the growth and downward channel. Moving averages indicate a bullish trend for ETH/USD. Prices have pierced the area between the signal lines up, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 230.05. Where again we should expect a rebound and a continued decline in the rate and cost of Ethereum with a potential target below 90.05. Ethereum Forecast and Analysis May 25 — 29, 2020 An additional signal…