BRENT complete the trading week near the area of 34.94 dollars per barrel. And it continues to move in the framework of a strong fall and a downward 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 decline and test the support area near the level of 30.05. Then, a rebound and the beginning of oil growth in the region above the level of 55.65 dollars per barrel. BRENT crude oil Forecast and Analysis…
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 1.2587. The pair continues to move in a strong fall. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from sellers. At this, we should expect an attempt to develop a fall and test the support area near the level of 1.2405. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3725. GBP/USD Forecast and Analysis March 16 — 20, 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 72.79 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 16 — 20, 2020 we should expect an attempt to develop a correction and test the resistance area near the level of 76.05. Where can we expect a rebound and the continuation of the fall of…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6303. The pair continues to move in the framework of a strong fall and a downward 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 a decline and test the support area near the level of 0.6045. Then, the continuation of the rebound and the beginning of the growth of AUD/USD with a potential target above the level of 0.6655. AUD/USD Forecast and…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3783. The pair continues to move as part of the growth of the bullish 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 continue growth and test the resistance level near the area of 1.3955. Then, the continuation of the fall of quotations with the target below the level of 1.3405. USD/CAD Forecast and Analysis March 16 — 20, 2020 A test…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 106.22. The pair continues to move as part of the correction after a strong fall. Moving averages indicate a bearish trend. Prices have gone far down from 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 bullish correction and a test of the resistance level near the area of 107.35. Then the rebound and the continuation of the fall of the pair in the area…
GOLD completes the trading week near the area of 1584. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for GOLD. Prices continue to push 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 downward price correction and test the support level near the area of 1525. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1825. GOLD Price…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6151. 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 fall of the pair and test the support area near the level of 0.6045. Then, a rebound and the beginning of the growth of a currency pair with a potential target above the level of 0.6855. NZD/USD Forecast and Analysis March 16 — 20, 2020 In…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9448. The pair continues to move as part of the correction after a strong fall. Moving averages indicate a downward trend. Prices pushed from the area between the signal lines, indicating 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 0.9605. Further, a rebound and an attempt to continue the fall of the pair with a potential target below the level of 0.8905. USD/CHF Forecast and Analysis March 16 —…
Bitcoin BTC/USD ends the trading week at 5594 and continues to move as part of a strong fall. Moving averages indicate a bullish 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 4555. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 8405. Bitcoin Forecast and Analysis March 16 — 20, 2020 In favor of raising BTC/USD quotes in…