Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1173. The pair continues to move within the correction and the downward channel. Moving averages indicate a downward trend in the pair. The pair repels from the area between the signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1205. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the area below the level of 1.0695. EUR/USD…
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.
BRENT complete the trading week near the area of 67.92 dollars per barrel. And it continues to move within the framework of the upward correction and the formation of the «Triangle» model. Moving averages indicate a bearish trend, but prices have pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 68.95. Then, the rebound and the beginning of the fall of oil in the region below the level of 50.75 dollars per barrel.…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3093. The pair continues to move as part of the correction and formation of the head and shoulders reversal pattern. Moving averages indicate a bullish trend. At this, we should expect an attempt to grow and test the resistance area near the level of 1.3155. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2015. GBP/USD Forecast and Analysis January 6 — 10, 2020 In favor of lowering the British Pound, a test of the broken…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 61.91 Rubles per US Dollar. The pair continues to move within the fall and the downward channel. Moving averages indicate a bearish trend. In the current trading week January 6 — 10, 2020 we should expect an attempt to develop an upward correction and test the resistance area near the level of 62.55. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 57.90. USD/RUB Forecast and Analysis January 6 — 10, 2020 An additional…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6962. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend, prices are again testing the area between the signal lines, which indicates a potential drop from current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6995. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6505. AUD/USD Forecast and Analysis January 6 — 10, 2020…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2978. The pair continues to move as part of the decline and the development of the «Triangle» model. Moving averages indicate a downward trend. Prices continue to remain below the signal line area, indicating pressure from sellers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3095. Then, the continuation of the fall of quotations with the target below the level of 1.2515. USD/CAD Forecast and Analysis January 6 — 10, 2020 In favor…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 107.93. The pair continues to move within the fall and the downward channel. Moving averages indicate a bearish trend, prices have broken through the area between the signal lines down, which indicates pressure from sellers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 108.95. Then the rebound and the continuation of the fall of the pair in the area below the level of 103.70. USD/JPY Forecast and Analysis January 6 —…
GOLD completes the trading week near the area of 1549. XAU/USD quotes continue to move as part of strong growth and a bullish channel. Moving averages indicate a bullish trend for GOLD, prices continue to remain above the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce prices and test the support level near the area of 1505. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1645. GOLD Price Forecast and Analysis January 6 — 10, 2020 An additional…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6670. Moving averages indicate a downward trend in the pair. However, prices broke through the area between the signal lines, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to drop the pair and test the support area near the level of 0.6445. Then continued growth of the currency pair with a potential target above the level of 0.7305. NZD/USD Forecast and Analysis January 6 — 10, 2020 In favor of the growth of…
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 —…