Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6612. Moving averages indicate a downward trend in the pair. However, prices broke through the area between the signal lines up, which indicates pressure from buyers 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 0.6655. Then, a rebound and continued fall of the currency pair with a potential target below the level of 0.6315. NZD/USD Forecast and Analysis January 27 — 31, 2020 In favor…
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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 USD/CHF Dollar/Franc closes the trading week near the level of 0.9707. 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 0.9605. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0145. USD/CHF Forecast…
Bitcoin BTC/USD ends the trading week at 8264 and continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a downward trend that is nearing completion. 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 fall and test the support area near the level of 7585. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of…
Ethereum ETH/USD closes the trading week at 154.83 and continues to move as part of the decline and the formation of the head and shoulders reversal pattern. Moving averages indicate a bearish trend for ETH/USD. Prices push away from the area between the signal lines, which will indicate pressure from sellers. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 290.05. Ethereum Forecast and Analysis…
XRP/USD end the trading week at the level of 0.2132 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 0.1885. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3765 as part of the development of the bullish Wolf Wave model. XRP Forecast…
Litecoin LTC/USD ends the trading week at the level of 50.97 and continues to move as part of the correction and the formation of the reversal model of the inverted «Head and Shoulders». Moving averages indicate a bearish trend, which remains strong. Prices again pushed from the area between the signal lines. This indicates continued pressure from the bears. At the moment, we should expect an attempt to fall and test the support area near the level of 40.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level…
Bitcoin Cash ends the trading week at 304.45 and continues to move as part of the correction after a strong growth of the coin. Moving averages indicate a bearish trend. However, prices broke through the area of signal lines upwards, 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 255.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the «Head and Shoulders» reversal pattern. Moving averages indicate the presence of a short-term lateral 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 forecast, the euro/dollar rate is 1.1050. 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…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US dollar at Forex is 1.3103. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and test the resistance area near the level of 1.3170. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US Dollar. The purpose of the downward…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices push from the area between the signal lines down, which indicates 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 0.6840. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6865. Further, the rebound and the beginning of the fall of quotations in the area below…