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 1.3114. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3160. Where again we should expect a rebound and a continued fall in quotations of the British Pound currency pair against the US Dollar. The purpose of the…
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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 Australian Dollar to US Dollar AUD/USD continues to move as part of the decline and the beginning of the development of the bearish «Wolfe Wave» model. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines, indicating pressure from sellers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6864. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6945. Further, the rebound and the beginning of the fall of quotations in the area below…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.43. Moving averages indicate the presence of a short-term bearish trend for the pair. As part of the forecast for the Japanese Yen on January 8, 2020, we should expect an attempt to grow and test the resistance area near the level of 108.65. Further, the rebound and continued fall of the pair USD/JPY to the area below the level…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is 68.39 dollars per barrel. Moving averages indicate a short-term bullish trend for oil. Prices continue to push from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 68.05 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 73.95. Brent Crude Oil Forecast and…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline 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 1.3004. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3025. Further, the rebound and continued fall of the currency pair. The potential target of such a movement of the instrument on Forex quotes is the…
GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1568 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. 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 1640. XAU/USD Forecast and GOLD analysis January 8, 2020 An additional signal in favor of the growth of XAU/USD quotes will…
Silver continue to move as part of the growth and bullish channel. At the time of the publication of the forecast, the price of Silver is 18.17 Dollars. Moving averages indicate an uptrend. 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 develop a decrease in the cost of metal and a test of the support level near the area of 17.55. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 19.35.…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the rising channel. Moving averages indicate the presence of a short-term bullish 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 0.6631. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6655. Further, within the framework of the…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction 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 0.9712. Moving averages indicate the presence of 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 0.9755. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9555. USD/CHF Forecast Dollar…
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 62.04. 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 8, 2020, we should expect an attempt to grow and test the resistance level near the area of 62.90 Rubles per US Dollar. Then, the…