Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the 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 sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1054. As part of the Forex forecast, we should expect an attempt to develop a correction and a test of the resistance level near the area of 1.1085. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
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 a strong fall and the formation of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3012. Moving averages indicate a short-term bullish trend. However, prices broke through the area between the signal lines down, indicating strong pressure from sellers of the British pound. At the moment, we should expect an attempt to correct the British Pound exchange rate and test the resistance area near the level of 1.3135. Where again we should expect a rebound and a…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices have gone 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 forecast, the Australian Dollar to US Dollar rate is 0.6713. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6765. Further, the rebound and the beginning of the fall of quotations in the area below…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 Japanese Yen is 109.07. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from sellers. As part of the forecast for the Japanese yen on February 5, 2020, we should expect an attempt to fall and test the support area near the level of 108.45. Further,…
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 $ 54.78 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 57.95 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level…
Currency pair US Dollar to Canadian Dollar USD/CAD 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 Canadian Dollar is 1.3274. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to increase slightly and test the resistance level near the area of 1.3305. Further, the rebound and continued fall of the currency pair on Forex. The potential target of such a movement…
GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1568 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices continue to build on signal lines, indicating pressure from buyers. 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 1645. XAU/USD Forecast and GOLD analysis February 5, 2020 An…
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 17.71 Dollars. Moving averages indicate an uptrend. Prices returned to the area between the signal lines, which indicates pressure from buyers. 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 17.35 area. Where can we expect a rebound and continued growth in the price of Silver with a target above…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have gone 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 0.6458. 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 downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9687. 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 dollar against the Franc and test the resistance area near the level of 0.9725. Then, a rebound and continued…