Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern at shallow time intervals. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are located far from the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1189. As part of the Forex forecast, we should expect an attempt to continue the development of the correction and test the resistance level near the 1.1195 area.…
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 bullish correction and the bearish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2920. Moving averages indicate a short-term bearish trend. However, prices have pierced the area between the lines up, which indicates pressure from buyers, however, the potential for falling is still preserved. At the moment, we should expect an attempt to develop the correction of the British Pound and a test of the resistance area near the level of 1.2945. Where again we should expect a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. 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. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6595. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6535. Further, the rebound and the beginning of the growth of quotations to the area above 0.6775. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong fall. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.68. Moving averages indicate a short-term bearish trend for the pair. Prices remain below the area between the signal lines, indicating pressure from sellers of the US Dollar. As part of the forecast of the Japanese Yen exchange rate on March 6, 2020, we should expect an attempt to increase slightly and test the resistance area near the level…
Brent continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 50.95 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, indicating pressure from the sellers of Black Gold and the potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 53.25 dollars per barrel. Further, the continuation of the fall in…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3403. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3330. Further, the rebound and the continued rise of the currency pair on Forex. The potential target of this movement of the instrument is the area above…
GOLD continue to move as part of the growth. At the time of the publication of the forecast, the price of GOLD is 1660 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers and the potential continuation of the rise from current levels. At the moment, we should expect an attempt to reduce and test the support level near the area of 1645. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…
Silver continue to move as part of an upward correction. At the time of the publication of the forecast, the price of Silver is 17.29 Dollars. Moving averages indicate a bearish trend. Prices are pushing the area between the signal lines, which indicates pressure from asset sellers and a potential drop already from current levels. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near the area of 17.55. Where can we expect a rebound and a continued fall in the price of Silver…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of an upward correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices again pushed 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 0.6297. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6315. Further, within the…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9498. Moving averages indicate a short-term bearish trend for the pair. Prices pierced down the area between the signal lines, indicating pressure from sellers 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 0.9565. Then, a rebound and continued depreciation of the US…