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…
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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 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…
Bitcoin Cash ends the trading week at 233.42 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from the sellers of the coin. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 105.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of 340.05. Bitcoin…
Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and the bearish channel. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices pierced the area between the signal lines down, indicating pressure from sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0861. As part of the Forex forecast, we should expect an attempt to develop a decline and a test of the support level near the area of 1.0795. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.2380. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers and the potential continuation of the decline in the pair. At the moment, we should expect an attempt to continue the development of the depreciation of the British Pound and test the support area near the level of 1.2265. Where again we should expect a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the upward channel. Moving averages indicate a short-term bearish trend. 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 forecast, the Australian Dollar to US Dollar rate is 0.6046. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6005. Further, the rebound and continued growth of quotations to the area above 0.6635. AUD/USD Forecast Australian…