Author: forex24pro

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0790. The pair continues to move within the fall and the bearish channel. Moving averages indicate a downward trend in the pair. The pair pushed off from the area between the signal lines, indicating strong pressure from sellers of the European currency. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.0925. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the…

BRENT complete the trading week near the area of ​​57.98 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices again returned to the area between the signal lines, which indicates strong pressure from buyers of raw materials, but the potential for reduction remains. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 60.75. Then, the rebound and the beginning of the fall of oil in the region below the level of 42.05 dollars per barrel.…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2887. The pair continues to move within the correction 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 1.3065. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2065. GBP/USD Forecast and Analysis February 24 — 28, 2020 In…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 64.45 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. 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 February 24 — 28, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 64.95. Where should we expect a rebound and the continuation of the fall…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.6586. 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 0.6715. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6145. AUD/USD Forecast and Analysis February 24 — 28, 2020 A test of…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3263. The pair continues to move as part of the growth and formation of the inverted «Head and Shoulders» model. Moving averages indicate a downward trend that is nearing completion. Prices were able to break through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to fall and test the support level near the area of ​​1.3085. Then, continued growth of quotations with a target above the level of 1.3775. USD/CAD Forecast and…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near 111.63. The pair continues to move in the framework of growth and the ascending channel. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the US dollar. At the moment, we should expect an attempt to develop correction and test the support level near the area of ​​110.75. Then the rebound and continued growth of the pair in the region above the level of 115.95. USD/JPY Forecast and Analysis February 24 — 28,…

GOLD completes the trading week near the area of ​​1635. XAU/USD quotes continue to move as part of strong growth and an 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 upward trend. At the moment, we should expect an attempt to correct prices and test the support level near the area of ​​1560. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1765. GOLD Price Forecast…

Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of ​​0.6303. 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 0.6435. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5915. NZD/USD Forecast and Analysis February 24 — 28, 2020…

Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9826. The pair continues to move as part of the growth and the beginning of the development of the bullish Wolfe Wave model. Moving averages indicate a downward trend. Prices are again testing the area between the signal lines, indicating strong pressure from sellers of the American currency and a potential drop from current ones. At the moment, we should expect an attempt to start lowering prices and test the support area near the level of 0.9745. Further, a rebound and an attempt to grow the pair with…