Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2478. The pair continues to move as part of the fall after strong growth. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential continuation of the fall of the British Pound against the US Dollar at current levels. At this, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 1.2705. Further, the rebound and the beginning of the fall 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 69.80 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, June 15-19, 2020, we should expect an attempt to develop a fall and test the support area near the level of 67.15. Where should we expect a rebound and continued growth of the Dollar to Russian Ruble rate…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6826. The pair continues to move as part of the fall after testing an important resistance level. Moving averages indicate a bearish trend. Prices strongly broke through the area between the signal lines up, which indicates pressure from buyers and the potential continuation of growth. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.7065. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.5835. AUD/USD…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3627. The pair continues to move within the fall and the rising channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 1.3375. Then, continued growth of quotations with a target above the level of 1.4475.…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 107.44. The pair continues to move within a strong decline in growth and a downward channel. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, 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 106.65. Then, the rebound and continued growth of the pair in the area above the level of 114.95. USD/JPY…
GOLD completes the trading week near the area of 1731. 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 1935. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6412. Moving averages indicate a downward trend in the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to grow the currency pair on Forex and test the resistance area near the level of 0.6595. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6005. NZD/USD Forecast and Analysis June 15 — 19, 2020 An…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9550. The pair continues to move as part of the correction and the formation of the bullish «Wolfe Wave” model. Moving averages indicate a downward trend. Prices have gone down from the area between the signal lines, indicating strong pressure from sellers of the American currency and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to reduce prices again and test a support area near the level of 0.9475. Further, a rebound and an attempt to continue the growth…
Bitcoin BTC/USD ends the trading week at 9373 and 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 bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the asset and the potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 9755. Where again we should expect a rebound and the continuation of the fall of the…
Ethereum ETH/USD closes the trading week at 234.25 and continues to move as part of the growth and bearish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines, 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 244.05. Where again we should expect a rebound and continued decline in the rate and cost of Ethereum with a potential target below the level of 125.05. Ethereum Forecast and Analysis June 15 — 19,…