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…
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 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…
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 reversal model of the inverted «Head and Shoulders». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.01. Moving averages indicate 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 of the Japanese Yen rate on…
Brent continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 25.15 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 21.55 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the upward «Wolfe Wave» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3726. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and the potential continuation of the growth of the US Dollar against the Canadian Dollar from current levels. At the moment, we should expect an attempt…
GOLD continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Gold is 1684 Dollars per Troy Oz, as we see the bulls are unable to gain a foothold over the resistance level. Moving averages indicate a short-term bullish trend. Prices are testing 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 the area of 1675. Where can we…
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 $ 14.87. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the area of 14.80. Where can we expect a rebound and the continuation of the rise in the price of Silver with…
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 «Wedge» model. 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 currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6144. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6195. Further, within the…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall 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 0.9655. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines down, which will indicate the pressure on the side of the sellers. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of…
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 74.41. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines down, which indicates pressure from sellers of the American currency and continued depreciation. As part of the forecast for the Dollar on May 1, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 75.75…