BRENT complete the trading week near the area of $ 27.26 per barrel. And it continues to move in the framework of a strong fall and even left the descending channel. Moving averages indicate a bearish trend. Prices pushed from the area between the signal lines, indicating strong pressure from sellers of raw materials. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 35.05. Then, a rebound and continued fall of oil to the area below the level of 13.05 dollars per barrel. BRENT crude oil Forecast and…
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 completes the trading week near the area of 1.1593. The pair continues to move in a strong fall. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from sellers. At this, we should expect an attempt to develop a correction and test the resistance area near the level of 1.1965. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.0345. GBP/USD Forecast and Analysis March 23 — 27, 2020 An additional signal in favor of the…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 79.55 Rubles per US Dollar. The pair continues to move in the framework of strong growth. Moving averages indicate a bullish trend. Prices have gone far from the area between the signal lines, which indicates pressure from buyers of the US dollar. In the current trading week, March 23 — 27, 2020, we should expect an attempt to develop a correction and test the support area near the level of 72.85. Where can we expect a rebound and continued growth of the Dollar rate…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.5811. The pair continues to move in the framework of a strong fall and left the descending channel. 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 0.6065. Then, a rebound and continued fall of AUD/USD with a potential target below the level of 0.4705. AUD/USD Forecast and Analysis March 23 — 27, 2020…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.4424. 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 a correction and a test of the support level near the area of 1.3905. Then, continued growth of quotations with a target above the level of 1.5205. USD/CAD Forecast and Analysis March 23 — 27, 2020 In favor…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 111.22. The pair continues to move as part of strong growth after the fall. Moving averages indicate a bearish trend. Prices have gone far up from the area between the signal lines down, indicating pressure from buyers of the US dollar. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of 107.55. Then the rebound and continued growth of the pair in the region above the level of 117.05.…
GOLD completes the trading week near the area of 1480. XAU/USD quotes continue to move as part of the correction and the formation of the head and shoulders reversal pattern. Moving averages indicate a bullish trend for Gold. Prices are testing 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 price growth and test the resistance level near the area of 1580. Further, the continuation of the fall in the price of Gold with a potential target below the level…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.5694. 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 continue the growth of the pair and test the resistance area near the level of 0.5905. Then, a rebound and the beginning of the fall of the currency pair with a potential target below the level of 0.4945. NZD/USD Forecast and Analysis March 23 — 27, 2020 In…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9890. The pair continues to move as part of a strong correction after the fall. Moving averages indicate a downward trend. Prices pierced the area between the signal lines up, which indicates strong pressure from buyers of the American currency. At the moment, we should expect an attempt to increase prices and test the resistance area near the level of 1.0005. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.9275. USD/CHF Forecast and Analysis March…
Bitcoin BTC/USD ends the trading week at 6171 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 4705. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 8055. Bitcoin Forecast and Analysis March 23 — 27, 2020 In favor of raising BTC/USD quotes in the…