Currency pair Euro/Dollar EUR/USD continues to move in the framework of the fall and the bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices have gone far from the area between the signal lines, indicating strong pressure from sellers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0844. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0925. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target…
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 Pound/Dollar GBP/USD continues to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3041. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3085. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US Dollar. The target of the downward movement of the currency…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential drop from current levels. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6726. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6725. Further, the rebound and the beginning of the fall…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the 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 Japanese Yen is 109.85. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and potential growth from current levels. As part of the forecast for the Japanese Yen on February 18, 2020, we should expect…
Brent continue to move as part of a bullish correction and a downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 57.26 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of black gold, but the potential for decline remains. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 58.65 dollars per barrel. Further, the continuation of the fall in the oil rate…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3230. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3265. Further, the rebound and continued fall of the currency pair on Forex. The potential target of this movement of the instrument is the area below…
GOLD continue to move as part of the correction and the upward channel. Here the «Triangle» pattern is formed, prices test the upper boundary of the model. At the time of the publication of the forecast, the price of GOLD is 1580 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a likely rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 1550. Where can we expect a rebound and continued growth…
Silver continue to move as part of the decline and the formation of the «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.77 Dollars. Moving averages indicate a bullish trend. Prices pierced the area between the signal lines down, indicating pressure from asset sellers. 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 area of 17.55. Where can we expect a rebound and continued growth in the price of Silver with a target…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the decline and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices push from the area between the signal lines, which indicates 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 0.6433. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6405. Further, within the framework…
Currency pair Dollar Franc USD/CHF continues to move as part of a strong bullish 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 0.9815. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9825. Then, a rebound…