Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is 55.52 dollars per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again pushing from the area between the signal lines, which indicates pressure from sellers of black gold. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 58.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level…
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 Canadian Dollar USD/CAD continues to move as part of a minor correction and the formation of a «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3281. 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 1.3315. Further, the rebound and continued fall of the currency pair on FOREX. The potential target of such a…
GOLD continue to move as part of a downward correction and a bullish channel. At the time of the publication of the forecast, the price of GOLD is 1565 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices returned to the area between the signal lines, indicating pressure from buyers and a likely rebound. At the moment, we should expect an attempt to fall and test the support level near the area of 1545. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1630. XAU/USD…
Silver continue to move as part of the correction and the formation of the next «Wedge» model. At the time of the publication of the forecast, the price of Silver is 17.76 Dollars. Moving averages indicate a bullish trend. Prices push from the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to develop a slight decrease in the cost of metal and a test of the support level near the area of 17.25. Where can we expect a rebound and continued growth in Silver prices with…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices are still far 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 0.6467. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6535. Further, within the…
Currency pair Dollar Franc USD/CHF continues to move as part of a minor correction and a bearish channel. At the time of the publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 0.9745. Moving averages indicate a short-term bearish trend for the pair. Prices again returned to the area between the signal lines, which may indicate a potential drop already from current levels. At the moment, we should expect an attempt to increase the US Dollar against the Franc and test the resistance area near the level of 0.9765. Then, a rebound and…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and 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 Russian Ruble is 63.09. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow February 7, 2020, we should expect an attempt to grow and test the resistance level near the area of 63.55 Rubles per…
BTC/USD are trading at 9639 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $178 589 365 520. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices continue to push from the area between the lines, indicating bullish pressure. As part of the cryptocurrency rate forecast for February 6, 2020, we should expect an attempt to lower the value of the digital asset and test the support level near the area of 9325. Where again we should expect a…
ETH/USD are trading at 207.12 and continue to move as part of the growth and bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $23 109 774 001. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices once again pushed from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 195.05. Where again we should expect a rebound and continued growth…
LTC/USD are trading at 73.17 and continue to move as part of the growth and bullish channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $4 677 429 125. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices again pushed from the area between the signal lines, which indicates pressure from buyers and the continued rise in prices. At the moment, we should expect an attempt to reduce the value of the digital asset and test the support level near the area of 69.05. Where again we should expect a rebound…