Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3065. Moving averages indicate a short-term bearish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3025. Further, the rebound and continued growth of the currency pair. The potential target of such a movement of the instrument on Forex quotes is the area above the…
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 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 1560 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 1535. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1635. XAU/USD Forecast and GOLD analysis January 21, 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 18.04 Dollars. Moving averages indicate an uptrend. Prices again pushed from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to develop a decrease in the cost of the metal and a test of the support level near the area of 17.95. Where can we expect a rebound and continued growth in Silver prices with a target above the level of 19.15. XAG/USD Forecast…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the «Wolfe Wave» downward pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6607. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6685. Further, within the framework…
Currency pair Dollar Franc USD/CHF continues to move as part of the bullish correction and the bearish channel. At the time of the publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 0.9688. 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 0.9740. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9545. USD/CHF Forecast Dollar Franc January…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the decline and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 61.51. Moving averages indicate a short-term bearish trend. Prices continue to remain below the area between the signal lines, indicating pressure from sellers of American currency. As part of the USD/RUB rate forecast for tomorrow, January 21, 2020, we should expect an attempt to grow and test the resistance level near the area of 62.45 Rubles per US Dollar. Then, a…
BTC/USD are trading at 8613 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 $156 820 143 116. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, January 21, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 8045. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with…
ETH/USD are trading at 162.25 and continue to move as part of the growth and bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $17 968 083 983. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 150.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.05. Ethereum Forecast and…
LTC/USD are trading at 56.02 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 646 521 954. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices are located far from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the asset and test the support level near the area of 53.05. Where again we should expect a rebound and continued growth of the Litecoin rate with a…
XRP/USD are trading at 0.2280 and continue to move as part of the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 985 555 913. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices push from the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2130 area. Further, the continued growth of cryptocurrency in the region above the level…