Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.85. Moving averages indicate the presence of a short-term bullish trend for the pair. However, prices broke through the area between the signal lines down, which indicates pressure from sellers. As part of the forecast for the Japanese Yen on January 31, 2020, we should expect an attempt to reduce and test the support area near…
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.
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 57.52 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 60.25 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 strong growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3223. Moving averages indicate the presence of a short-term bullish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3145. Further, the rebound and continued growth of the currency pair. The potential target of such a movement of the instrument on the Forex is the…
GOLD continue to move as part of the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1580 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 January 31, 2020 An…
Silver continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Silver is 17.73 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 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 a target above the level of 18.95. XAG/USD Forecast Silver…
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 pierced the area between the signal lines down, indicating pressure from sellers. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6521. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6575. Further, within the framework of the forecast and Forex analysis…
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 0.9704. Moving averages indicate a short-term bearish trend for the pair. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9765. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9525. USD/CHF Forecast Dollar Franc January 31,…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a strong upward correction and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.13. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of the American currency and a potential drop until prices break through the area between the lines up. As part of the USD/RUB forecast for tomorrow, January 31, 2020, we should expect an attempt to grow and…
BTC/USD are trading at 9329 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $170 095 028 535. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, January 31, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 8825. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with…
ETH/USD are trading at 173.33 and continue to move as part of the growth. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $19 330 342 002. 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 170.55. Where again we should expect a rebound and continued growth of the Ethereum…