BCH/USD are trading at 358.80 and continue to move as part of growth and the upward channel. Quotes could not go into the development of a reversal model, which indicates the strength of the bulls. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 709 493 611. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines up, which indicates strong pressure from buyers. As part of the cryptocurrency rate forecast for January 28, 2020, we should expect an attempt to develop a…
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.
Dollar Index (DXY) continues to move as part of the growth and upward channel. Moving averages indicate a short-term bullish trend on the DXY index. Prices pushed from the area between the signal lines, which indicates pressure from buyers of the indices. At the time of publication of the forecast, the cost of the index is 97.67. As part of the FOREX forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 97.15. Further, the rebound and continued growth in the value of the DXY index. The potential target…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1035. The pair continues to move in the framework of a slight fall and a bearish channel. Moving averages indicate a downward trend in the pair. The pair again pushes off from the area between the signal lines, which indicates pressure from sellers of the European currency. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.1135. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of…
BRENT complete the trading week near the area of $ 61.11 per barrel. And it continues to move in the framework of the fall and the downward channel. Moving averages indicate a bearish trend. Prices pierced the area between the signal lines down, indicating pressure from sellers of raw materials. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 64.35. Then, the rebound and the beginning of the fall of oil in the area below the level of 50.15 dollars per barrel. BRENT crude oil Forecast and Analysis January…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3105. The pair continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. At this, we should expect an attempt to grow and test the resistance area near the level of 1.3175. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2185. GBP/USD Forecast and Analysis January 27 — 31, 2020 In favor of reducing the British Pound, a test of the downtrend…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 61.72 Rubles per US Dollar. The pair continues to move as part of the decline and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend. In the current trading week January 27 — 31, 2020 we should expect an attempt to develop a fall and test the support area near the level of 60.15. Where can we expect a rebound and continued growth of the dollar above the level of 68.25. USD/RUB Forecast and Analysis January 27 — 31,…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6837. The pair continues to move as part of the correction and the formation of the downward model of the «Wolfe Wave». Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating a potential drop from current levels and pressure from sellers. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6915. Then, the continuation of the fall of AUD/USD with a potential target below the level…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3135. The pair continues to move as part of the decline and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to fall and test the support level near the area of 1.2925. Then, continued growth of quotations with a target above the level of 1.3725. USD/CAD Forecast and Analysis January 27 — 31, 2020 In…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 110.16. The pair continues to move in the framework of growth and a bearish channel. Moving averages indicate a bearish trend. However, prices have pierced the area between the signal lines up, which indicates pressure from buyers of the US Dollar. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 110.85. Then the rebound and the continuation of the fall of the pair in the area below the level of 105.35.…
GOLD completes the trading week near the area of 1562. 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, indicating pressure from buyers. At the moment, we should expect an attempt to correct prices and test the support level near the area of 1515. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1705. GOLD Price Forecast and Analysis January 27 — 31, 2020 An additional signal…