Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the next «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2432. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair. At the moment, we should expect an attempt to develop the growth of the British Pound and test the resistance area near the level of 1.2515, where we can expect the completion…
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 Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and were able to buy the limits of the bullish channel. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6444. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6515. Further, the rebound and the continued fall of quotations in…
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 «Wedge» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.53. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast for the Japanese Yen on May 6, 2020,…
Brent continue to move in the framework of strong growth and an upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 30.42 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have gone far up from the area between the signal lines, indicating pressure from Black Gold buyers. At the moment, we should expect an attempt to develop the correction and test the support level near the area of $ 26.55 per barrel. Further, the continued growth of the oil rate in the region above the level…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4029. Moving averages indicate a short-term bullish trend for the pair. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3945. Further, the rebound and continued growth of the…
GOLD 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 Gold is 1703 Dollars per Troy Oz, as we see the bulls are unable to gain a foothold over the level of resistance. Moving averages indicate the presence of a short-term lateral trend. Prices start from the area between the signal lines, which indicates pressure from buyers and potential growth already from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near…
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, the price of Silver is $ 14.93. Moving averages indicate a bearish trend. Prices struck testing between the signal lines, indicating pressure from the sellers of the asset and the potential continuation of the decline. At the moment, we should expect an attempt to develop a bullish correction of the metal value and a test of the resistance level near the area of 15.20. Where can we expect a rebound and the continuation of the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the «Head and Shoulders» model. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6056. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6085.…
Currency pair Dollar Franc USD/CHF continues to move as part of the decline and the formation of the «Triangle» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9728. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices broke through the area between the signal lines up, which will indicate pressure from buyers. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9795. Then, a rebound and…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.74. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from sellers of American currency. As part of the forecast for the Dollar on May 6, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 75.05 Rubles per US Dollar.…