Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2834. The pair continues to move as part of the decline and the bearish channel. Moving averages indicate a bullish trend. Prices returned to the area between the signal lines, indicating pressure from buyers and a potential upward rebound. At this, we should expect an attempt to correct and test the resistance area near the level of 1.2965. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2025. GBP/USD Forecast and Analysis March 2 — 6,…
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 US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 67.28 Rubles per US Dollar. The pair continues to move in the framework of strong growth. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines up, which indicates a pressure from buyers of the US dollar. In the current trading week, March 2 — 6, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 68.55. 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 0.6497. The pair continues to move within the fall and the 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 an upward correction and test the resistance area near the level of 0.6555. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6105. AUD/USD Forecast and Analysis March 2 — 6, 2020 A test of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3458. 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 slightly correct and test the support level near the area of 1.3305. Then, continued growth of quotations with a target above the level of 1.3925. USD/CAD Forecast and Analysis March 2 — 6, 2020 In favor of the rise…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.58. The pair continues to move within the framework of a strong fall and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. However, prices broke through 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 110.70. Then a rebound and continued fall of the pair…
GOLD completes the trading week near the area of 1621. XAU/USD quotes continue to move as part of the growth and upward channel. Moving averages indicate a bullish trend for Gold. Prices continue to remain above the area between the signal lines, which indicates pressure from buyers and the potential continuation of the development of a bullish trend. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1585. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1775. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6231. Moving averages indicate a downward trend in the pair. Prices pushed off the signal lines, indicating pressure from the sellers of the currency pair and the potential continuation of the decline. At the moment, we should expect an attempt to correct the pair and test the resistance area near the level of 0.6325. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5765. NZD/USD Forecast and Analysis March 2 — 6, 2020…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9669. The pair continues to move as part of a strong fall and the start of the development of the bullish Wolfe Wave model. 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 reduce prices and test the support area near the level of 0.9565. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0095. USD/CHF…
Bitcoin BTC/USD ends the trading week at 8572 and continues to move as part of the correction. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating strong pressure from buyers and a potential upward rebound from current levels. At the moment, we should expect an attempt to continue minor correction and test the support area near the level of 7955. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12455. Bitcoin Forecast and Analysis March 2 — 6, 2020 In…
Ethereum ETH/USD closes the trading week at 219.63 and continues to move as part of the correction. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 190.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 365.05. Ethereum Forecast and Analysis March 2 — 6, 2020 An additional signal in favor of raising the…