Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Wedge» reversal pattern. Moving averages indicate a short-term bearish 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 0.6282. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6425. Further, the rebound and the continued fall of quotations in the area below…
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.
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and formation of the «Double Bottom» reversal pattern, as well as the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.69. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the US Dollar. As part of the forecast for the Japanese Yen on April 21, 2020, we…
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 $ 26.87 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have gone far down from the area between the signal lines, indicating pressure from the sellers of Black Gold. At the moment, we should expect an attempt to develop an upward correction and a test of the resistance level near the area of $ 31.65 per barrel. Further, the continuation of the fall in the oil rate…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4060. Moving averages indicate the presence of a short-term lateral trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3940. Further, the rebound and continued growth of the currency pair on FOREX. The potential target of this movement of the instrument is the area above…
GOLD continue to move as part of a strong correction and an upward channel. At the time of the publication of the forecast, the price of GOLD is 1679 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 1665. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1805. XAU/USD Forecast…
Silver continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Silver is 15.17 Dollars. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset and potential growth already from current levels. At the moment, we should expect an attempt to develop a decrease in the cost of metal and a test of the support level near the area of 14.95. Where can we expect a rebound and continued growth in the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the head and shoulders reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pierced the area between the signal lines down, 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 0.6062. At the moment, we should expect an attempt to grow and test the resistance level…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and 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 0.9668. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices are testing the area between the signal lines. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9615. Then, a rebound and continued appreciation of the US Dollar against the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.54. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines, indicating pressure from sellers of American currency. As part of the forecast for the Dollar on April 21, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 74.65 Rubles per US Dollar. Then, the…
BTC/USD are trading at 7154 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $131 785 615 720. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold. As part of the cryptocurrency rate forecast for tomorrow, April 21, 2020, one should expect an attempt to correct the value of the digital asset and test the resistance level near the area of 7305. Where again we should…