Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.5991. The pair continues to move as part of the correction. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6195. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.5205. AUD/USD Forecast and Analysis April 6 — 10, 2020 In favor of reducing the pair on…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.4157. The pair continues to move as part of the growth of the rising channel. Moving averages indicate an uptrend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to develop correction and test the support level near the area of 1.3915. Then, continued growth of quotations with a target above the level of 1.4955. USD/CAD Forecast and Analysis April 6 — 10, 2020 In favor of the growth…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.43. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices returned below 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 correction and test the resistance level near the area of 110.05. Then, the rebound and the continuation of the fall of the pair in the area below the level of 102.75. USD/JPY Forecast and…
GOLD completes the trading week near the area of 1619. Quotes XAU/USD 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 1565. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1745. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.5849. Moving averages indicate a downward trend in the pair. Prices pushed off the signal lines, indicating pressure from the sellers of the currency pair. At the moment, we should expect an attempt to grow the pair and test the resistance area near the level of 0.5975. Then, a rebound and the beginning of the fall of the currency pair with a potential target below the level of 0.5145. NZD/USD Forecast and Analysis April 6 — 10, 2020 In favor of the…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9775. The pair continues to move as part of a bullish correction after the fall. Moving averages indicate a downward trend. Prices are testing the area between the signal lines, which indicates strong pressure from sellers of American currency. At the moment, we should expect an attempt to increase prices and test the resistance area near the level of 0.9855. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.9125. USD/CHF Forecast and Analysis April 6…
Bitcoin BTC/USD ends the trading week at 6713 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices have broken down the area between the signal lines, indicating strong pressure from sellers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 4855. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above 11205. Bitcoin Forecast and Analysis April 6 — 10, 2020 In favor of raising BTC/USD quotes in the current trading week…
Ethereum ETH/USD closes the trading week at 138.90 and continues to move as part of the fall and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend for ETH/USD. Prices have broken down the area between the signal lines, which indicates pressure from cryptocurrency sellers. At the moment, we should expect an attempt to reduce and test the support level near the area of 70.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 170.05. Ethereum Forecast and Analysis April 6 —…
XRP/USD end the trading week at 0.1749 and continue to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to develop a fall and test the support area near 0.1005. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3585. XRP Forecast and Analysis XRP/USD April 6 — 10, 2020 An additional signal in favor of the growth of…
Litecoin LTC/USD ends the trading week at 39.60 and continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down. This indicates pressure from sellers of the digital asset. At the moment, we should expect an attempt to develop a slight correction and test the support area near the level of 25.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 95.05. Litecoin Forecast and Analysis…