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…
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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 0.9669. 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…
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Currency pair Euro/Dollar EUR/USD continues to move in the framework of a strong upward correction and a downward channel. Prices have reached an important area of resistance. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential drop already from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0967. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area…
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