Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.58. The pair continues to move within the framework of a strong fall and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. However, prices broke through the area between the signal lines down, indicating pressure from sellers of the US dollar. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 110.70. Then a rebound and continued fall of the pair…
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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.
GOLD completes the trading week near the area of 1621. 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 development of a bullish trend. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1585. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1775. GOLD…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6231. Moving averages indicate a downward trend in the pair. Prices pushed off the signal lines, indicating pressure from the sellers of the currency pair and the potential continuation of the decline. At the moment, we should expect an attempt to correct the pair and test the resistance area near the level of 0.6325. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.5765. NZD/USD Forecast and Analysis March 2 — 6, 2020…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9669. The pair continues to move as part of a strong fall and the start of the development of the bullish Wolfe Wave model. Moving averages indicate a downward trend. Prices pushed from the area between the signal lines, indicating strong pressure from sellers of American currency. At the moment, we should expect an attempt to reduce prices and test the support area near the level of 0.9565. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0095. USD/CHF…
Bitcoin BTC/USD ends the trading week at 8572 and continues to move as part of the correction. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating strong pressure from buyers and a potential upward rebound from current levels. At the moment, we should expect an attempt to continue minor correction and test the support area near the level of 7955. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12455. Bitcoin Forecast and Analysis March 2 — 6, 2020 In…
Ethereum ETH/USD closes the trading week at 219.63 and continues to move as part of the correction. Moving averages indicate a bullish trend for ETH/USD. Prices have gone far up from the area between the signal lines, 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 190.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 365.05. Ethereum Forecast and Analysis March 2 — 6, 2020 An additional signal in favor of raising the…
XRP/USD complete the trading week at 0.2311 and continue to move as part of the correction and the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices have pierced the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to begin the development of the correction and test the support area near 0.2065. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3855. XRP Forecast and Analysis XRP/USD March 2 — 6, 2020 An additional signal in…
Litecoin LTC/USD ends the trading week at 57.99 and continues to move as part of a strong correction and an upward channel. Moving averages indicate a lateral trend. Prices pierced the area between the signal lines down. This indicates pressure from sellers of the digital asset. At the moment, we should expect an attempt to develop a slight correction and test the support area near the level of 53.55. Where again we should expect a rebound and an attempt to start the growth of Litecoin with a potential target above the level of 100.55. Litecoin Forecast and Analysis March 2…
Bitcoin Cash ends the trading week at 305.84 and continues to move as part of the correction after strong growth. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from coin sellers, however, the potential for upward rebound growth still persists. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 285.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of a strong upward correction and a downward channel. Prices have reached an important area of resistance. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential drop already from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0967. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area…