Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate the presence of a short-term upward trend for the pair. Prices pierced the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1072. As part of the Forex forecast, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.1165 area. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential…
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 Pound/Dollar GBP/USD continues to move as part of a strong upward correction and a downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2396. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to continue the development of the bullish correction of the British Pound and a test of the resistance area near the level of…
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 pushed from the area between the signal lines, indicating pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6151. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6225. Further, the rebound and the continued fall of quotations in the area below…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.55. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have pierced the area between the signal lines down, indicating pressure from sellers of the US Dollar. As part of the forecast for the Japanese Yen on March 31, 2020, we should expect an attempt to continue the fall and test…
Brent continue to move as part of the decline and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 29.31 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices pushed 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 a bullish correction and a test of the resistance level near the area of $ 30.55 per barrel. Further, the continuation of the fall in the oil rate to the area…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.4093. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the 1.4245 area. Further, the rebound and continued fall of the currency pair on Forex. The potential target of this movement of the instrument is the area below the…
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 1619 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push away from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 1575. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1755.…
Silver continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Silver is $ 14.00. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and a potential drop already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the area of 14.90. Where can we expect a rebound and the continuation of the fall…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bullish correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates strong 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 0.6014. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6065. Further, within…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction after strong growth. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9555. Moving averages indicate a short-term bearish trend for the pair. Prices pierced the area between the signal lines, indicating pressure from sellers of the American currency and the potential continuation of the fall of the pair. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9445. Then,…