Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 54.78 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again pushing from the area between the signal lines, which indicates pressure from sellers of black gold. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 57.95 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level…
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 Canadian Dollar USD/CAD continues to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3274. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to increase slightly and test the resistance level near the area of 1.3305. Further, the rebound and continued fall of the currency pair on Forex. The potential target of such a movement…
GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1568 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices continue to build on signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to fall and test the support level near the area of 1545. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1645. XAU/USD Forecast and GOLD analysis February 5, 2020 An…
Silver continue to move as part of the correction and the formation of the next «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.71 Dollars. Moving averages indicate an uptrend. Prices returned to the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a slight decrease in the cost of the metal and a test of the support level near the 17.35 area. Where can we expect a rebound and continued growth in the price of Silver with a target above…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have gone far from the area between the signal lines, indicating pressure from the sellers of the currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6458. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6535. Further, within the…
Currency pair Dollar Franc USD/CHF continues to move as part of a minor correction and a downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9687. Moving averages indicate a short-term bearish trend for the pair. Prices again returned to the area between the signal lines, which may indicate a potential drop already from current levels. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9725. Then, a rebound and continued…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of strong growth and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.24. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow, February 5, 2020, we should expect an attempt to lower and test the support level near the area of 62.45 Rubles per US Dollar. Then, a rebound…
BTC/USD are trading at 9162 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $167 478 483 520. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. As part of the cryptocurrency rate forecast for February 5, 2020, we should expect an attempt to lower the value of the digital asset and test the support level near the area of 8875. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with…
ETH/USD are trading at 183.81 and continue to move as part of the growth. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $20 558 030 728. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices once again pushed from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 175.75. Where again we should expect a rebound and continued growth of the Ethereum…
LTC/USD are trading at 66.52 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $4 335 470 944. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices again pushed from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce the value of the digital asset and test the support level near the area of 59.05. Where again we should expect a rebound and continued growth of the Litecoin rate…