Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9707. The pair continues to move as part of a strong fall and the formation of the «Wolfe Wave» model. Moving averages indicate a bearish trend. Prices are below the signal lines, indicating 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 0.9545. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0265. USD/CHF Forecast and Analysis January 6 —…
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.
Bitcoin BTC/USD ends the trading week at the level of 7344 and continues to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate a downward trend. Prices remain below the area between the signal lines, indicating pressure from sellers of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6565. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12605. Bitcoin Forecast and Analysis…
Ethereum ETH/USD closes the trading week at 130.83 and continues to move as part of the decline and the formation of a reversal pattern «Wedge». Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 105.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 215.05. Ethereum Forecast and Analysis January 6 — 10, 2020 An additional signal in favor of an increase in the ETH/USD quotes for…
Ripple XRP/USD end the trading week at 0.1892 and continue to move within the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1405. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3445 as part of the development of the bullish «Wolfe Wave» model. Ripple Forecast and Analysis January 6 — 10,…
Litecoin LTC/USD ends the trading week at 41.22 and continues to move as part of the correction and the formation of the «Wedge» model. Moving averages indicate a bearish trend, which remains quite strong, prices continue to push from the area between the signal lines. This indicates continued pressure from the bears. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 36.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 85.55. Litecoin Forecast and…
Bitcoin Cash ends the trading week at 220.30 and continues to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate a bearish trend, which remains strong. As you can see, prices are again testing the area of signal lines, which indicates pressure from sellers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to continue the fall in the value of the digital asset and test the support area near the level of 170.05. Where again, a rebound and an attempt to…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of the downward model of «Wolfe Wave». Moving averages indicate a short-term bullish trend for the pair. Prices are located above the area between the signal lines, which indicates pressure from buyers of the European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1230. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1255. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the upward 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 1.3177. 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 1.3245. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the decline and the formation of the bearish «Wolfe Wave» pattern. Moving averages indicate a short-term bullish trend. Prices are far from the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6993. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7025. 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 and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.68. Moving averages indicate a short-term bullish trend for the pair. As part of the Japanese Yen rate forecast for January 3, 2020, we should expect an attempt to grow and test the resistance area near the level of 108.95. Further, the rebound and continued fall of the pair USD/JPY to the area…