Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.54 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. In the current trading week of February 17 — 21, 2020, we should expect an attempt to develop growth and test the resistance area near the level of 64.55. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 58.25. USD/RUB Forecast and Analysis February 17 — 21, 2020 An additional signal…
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 Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6717. 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 a bullish correction and a test of the resistance area near the level of 0.6775. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6375. AUD/USD Forecast and Analysis February 17 — 21, 2020 A…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3250. 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. 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 1.3045. Then, continued growth of quotations with a target above the level of 1.3705. USD/CAD Forecast and Analysis February 17 —…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 109.77. The pair continues to move in the framework of growth and a downward 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 110.35. Then the rebound and the continuation of the fall of the pair in the area below the level of 104.65. USD/JPY Forecast…
GOLD completes the trading week near the area of 1581. XAU/USD quotes continue to move as part of the growth and 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 1535. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1735. GOLD Price Forecast and…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6432. Moving averages indicate a downward trend in the pair. Prices returned under the signal lines, indicating pressure from the sellers of the currency pair and a potential continuation of the decline. At the moment, we should expect an attempt to grow the pair and test the resistance area near the level of 0.6555. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5965. NZD/USD Forecast and Analysis February 17 — 21, 2020…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9816. 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 continue to reduce prices and test the support area near the level of 0.9665. Further, a rebound and an attempt to grow the pair…
Bitcoin BTC/USD ends the trading week at 10275 and continues to move as part of strong growth. 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 a minor correction and test the support area near the level of 9405. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 14155. Bitcoin Forecast and Analysis February 17 — 21, 2020 In favor of…
Ethereum ETH/USD closes the trading week at 273.01 and continues to move as part of the growth. Moving averages indicate a bearish trend for ETH/USD. Prices have pierced the area between the signal lines up, which indicates pressure from cryptocurrency buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 210.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 375.05. Ethereum Forecast and Analysis February 17 — 21, 2020 An additional signal in favor of raising…
XRP/USD end the trading week at 0.3246 and continue to move as part of the growth and downward channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines up, which indicates pressure from the bulls. At the moment, we should expect an attempt to start the correction and test the support area near 0.2435. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.5295. XRP Forecast and Analysis XRP/USD February 17 — 21, 2020 In favor of the growth of XRP/USD quotes…