Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9626. The pair continues to move within the correction and the downward channel. Moving averages indicate a downward trend. Prices pushed from the area between the signal lines, indicating 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 0.9475. Further, a rebound and an attempt to continue the growth of the pair with a potential target above the level of 1.0285. USD/CHF Forecast and Analysis May 4 — 8, 2020…
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.
Bitcoin BTC/USD ends the trading week at 8807 and continues to move as part of strong growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential drop from current levels. At the moment, we should expect an attempt to continue the correction and test the resistance area near the level of 8215. Where again we should expect a rebound and the continuation of the fall of the Bitcoin rate with a potential target below the level of 6155. Bitcoin Forecast and Analysis…
Ethereum ETH/USD closes the trading week at 212.27 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish 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 245.05. Where again we should expect a rebound and a continued decline in the rate and cost of Ethereum with a potential target below 120.05. Ethereum Forecast and Analysis May 4 — 8, 2020 An additional…
XRP/USD end the trading week at the level of 0.2175 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential drop in cryptocurrency from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near 0.2505. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.0595. XRP Forecast and Analysis XRP/USD May 4 — 8,…
Litecoin LTC/USD closes the trading week at 47.18 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines. This indicates pressure from the sellers of the digital asset and the potential continuation of the fall in the rate of Litecoin in the current trading week. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 58.55. Where again we should expect a rebound and an attempt to start a fall…
Bitcoin Cash ends the trading week at 256.44 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers and the potential continuation of the fall. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 280.55. Where again, a rebound is expected and an attempt to drop Bitcoin Cash with a…
Silver complete the trading week near the area of 14.83. Quotes continue to move within the bullish correction and the downward channel. At the moment, we should expect an attempt to continue the growth of the asset value and a test of the resistance level near the area of 16.15. Further, the beginning of the fall in the price of Silver with a potential target below 11.45. Silver Weekly Forecast and Analysis May 4 — 8, 2020 In favor of the fall in quotations and prices for Silver in the current trading week, May 4 — 8, 2020, a test…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the reversal model of the inverted «Head and Shoulders». Moving averages indicate a short-term bearish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0951. As part of the Forex forecast for May 1, 2020, we should expect an attempt to develop a correction and test the support level near the area of 1.0805. Further, the rebound and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and upward channel. The bears failed to send the pair to work out the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2586. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers. 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 1.2715, where we can…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward 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 0.6519. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6535. Further, the rebound and the continued fall of quotations in the area below 0.6185. AUD/USD Forecast Australian Dollar…