Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.95. The pair continues to move within the correction and the bearish channel. Moving averages indicate a lateral trend. Prices 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 110.05. Then the rebound and the continuation of the fall of the pair in the area below the level of 104.85. USD/JPY Forecast and Analysis…
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.
GOLD completes the trading week near the area of 1579. XAU/USD quotes continue to move as part of the growth and the rising 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 1520. Further, the continuation of the growth of the price of Gold with a potential target above the level of 1715. GOLD Price Forecast and Analysis February 3 — 7, 2020 An additional…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6455. Moving averages indicate a bearish trend in the pair. Prices returned under the signal lines, indicating pressure from the sellers of the currency pair. At the moment, we should expect an attempt to grow the pair and test the resistance area near the level of 0.6535. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6035. NZD/USD Forecast and Analysis February 3 — 7, 2020 In favor of reducing the NZD/USD currency…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9701. The pair continues to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. Prices are far from the area between the signal lines, indicating strong pressure from sellers of American currency. At the moment, we should expect an attempt to continue to reduce prices and test the support area near the level of 0.9625. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0265. USD/CHF Forecast…
Bitcoin BTC/USD ends the trading week at 9335 and continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bullish trend. Prices were able to break through the area between the signal lines up, which indicates strong pressure from buyers. At the moment, we should expect an attempt to continue the development of the correction and test the support area near the level of 8055. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 13855.…
Ethereum ETH/USD closes the trading week at 179.15 and continues to move as part of the growth. Moving averages indicate a bearish trend for ETH/USD. Prices are trying to break through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 145.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.05. Ethereum Forecast and Analysis February 3 — 7, 2020 An additional signal in favor…
XRP/USD end the trading week at the level of 0.2361 and continue to move as part of the correction and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend. Prices continue to build on signal lines, indicating bearish pressure. At the moment, we should expect an attempt to continue the continuation of the fall and test the support area near 0.1675. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3655 as part of the development of the bullish «Wolfe Wave» model. XRP Forecast…
Litecoin LTC/USD ends the trading week at 50.97 and continues to move as part of strong growth, prices were able to leave the bearish channel. Moving averages indicate a bearish trend, which remains strong. Prices here also broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset. At the moment, we should expect an attempt to fall and test the support area near the level of 50.55. Where again we should expect a rebound and an attempt to start the growth of Litecoin with a potential target above the level of 115.05.…
Bitcoin Cash ends the trading week at 380.82 and continues to move as part of the correction after a strong coin growth. Moving averages indicate a lateral trend. Prices have broken up the signal line area, indicating strong pressure from the bulls. 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 335.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of…
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 push away from the area between the signal lines, indicating pressure from sellers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1020. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 1.1065. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area below…