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 1.2964. 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 1.3020. 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…
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 upward channel. At the time of the publication of the forecast, the price of GOLD is 1564 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 1530. 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 7, 2020 An additional signal in favor of the growth of XAU/USD quotes will…
Silver continue to move as part of the growth. At the time of the publication of the forecast, the price of Silver is 18.08 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 17.80. Where can we expect a rebound and continued growth in Silver prices with a target above the level of 19.30. XAG/USD Forecast Silver and Analysis…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices continue to push from the area of 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 0.6664. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6695. Further, within the framework of…
Currency pair Dollar Franc USD/CHF continues to move as part of the decline 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 0.9687. 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 0.9715. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9565. 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 61.80. 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 7, 2020, we should expect an attempt to grow and test the resistance level near the area of 62.95 Rubles per US Dollar. Then, a…
BTC/USD are trading at 7521 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $137 471 246 304. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices broke through the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for tomorrow, January 7, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 7045. Where…
ETH/USD are trading at 138.84 and continue to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $15 488 277 925. Moving averages indicate the presence of a short-term bearish 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 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the…
LTC/USD are trading at 43.79 and continue to move as part of the growth and the beginning of the development of the bullish «Wolfe Wave» pattern. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 882 597 561. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to drop the asset and test the support level near the area of 40.05. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 57.55.…
XRP/USD are trading at 0.2159 and continue to move as part of strong growth and a downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 481 465 321. Moving averages indicate the presence of a short-term bearish trend for Ripple. However, prices broke through the area between the signal lines, which indicates a potential fall from current levels. At the moment, we should expect an attempt to drop a digital asset and a test of the support level near the area of 0.1905. Further, the continued growth of cryptocurrency in…