Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3117. The pair continues to move as part of the correction and formation of the head and shoulders reversal pattern. Moving averages indicate a bullish trend. At this, we should expect an attempt to grow and test the resistance area near the level of 1.3165. 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 February 3 — 7, 2020 In favor of reducing the British Pound, a test of the downtrend…
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 61.72 Rubles per US Dollar. 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 bearish trend. In the current trading week February 3 — 7, 2020 we should expect an attempt to develop a fall and test the support area near the level of 62.35. Where can we expect a rebound and continued growth of the Dollar above the level of 68.75. USD/RUB Forecast and Analysis February…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6684. The pair continues to move within the fall and the bearish 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 growth and test the resistance area near the level of 0.6815. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6395. AUD/USD Forecast and Analysis February 3 — 7, 2020 A test of the resistance…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3232. The pair continues to move as part of the decline and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3025. Then, continued growth of quotations with a target above the level of 1.3705. USD/CAD Forecast and Analysis February 3 — 7, 2020 In…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.95. The pair continues to move within the correction and the bearish channel. Moving averages indicate a lateral 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 continue growth and test the resistance level near the area of 110.05. Then the rebound and the continuation of the fall of the pair in the area below the level of 104.85. USD/JPY Forecast and Analysis…
GOLD completes the trading week near the area of 1579. XAU/USD quotes continue to move as part of the growth and the rising channel. Moving averages indicate a bullish trend for Gold. Prices continue to remain above the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1520. Further, the continuation of the growth of the price of Gold with a potential target above the level of 1715. GOLD Price Forecast and Analysis February 3 — 7, 2020 An additional…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6455. Moving averages indicate a bearish trend in the pair. Prices returned under 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 0.6535. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6035. NZD/USD Forecast and Analysis February 3 — 7, 2020 In favor of reducing the NZD/USD currency…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9701. The pair continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are far from the area between the signal lines, indicating strong pressure from sellers of American currency. At the moment, we should expect an attempt to continue to reduce prices and test the support area near the level of 0.9625. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0265. USD/CHF Forecast…
Bitcoin BTC/USD ends the trading week at 9335 and continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. Prices were able to break through the area between the signal lines up, which indicates strong pressure from buyers. At the moment, we should expect an attempt to continue the development of the correction and test the support area near the level of 8055. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 13855.…
Ethereum ETH/USD closes the trading week at 179.15 and continues to move as part of the growth. Moving averages indicate a bearish trend for ETH/USD. Prices are trying to break through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 145.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.05. Ethereum Forecast and Analysis February 3 — 7, 2020 An additional signal in favor…