The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3246. The pair continues to move within the correction and the upward channel. Moving averages indicate a flat trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3095. Then continued growth of quotations with a target above the level of 1.3675. USD/CAD Forecast and Analysis November 18 — 22, 2019 In favor of the rise of the USD/CAD currency pair, a test of the rising support line on the relative strength index (RSI)…
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.
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.64. The pair continues to move in the framework of growth and a downward channel. Moving averages indicate a bearish trend, prices are pushing away from signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 109.15. Then a rebound and continued fall of the pair to the area below the level of 104.25. USD/JPY Forecast and Analysis November 18 — 22, 2019 In favor of…
GOLD completes the trading week near the area of 1466. XAU/USD quotes continue to move as part of the decline and the rising channel. Moving averages indicate a bullish trend for Gold, prices returned to the area between the signal lines, indicating a probable upward rebound. At the moment, we should expect an attempt to correct prices and test the resistance level near the area of 1485. Further, the continuation of the fall in the price of Gold with a potential target below the level of 1345. GOLD Price Forecast and Analysis November 18 — 22, 2019 An additional signal…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6384. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue the development of the correction and test the resistance area near the level of 0.6445. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.5965. NZD/USD Forecast and Analysis November 18 — 22, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on the…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9891. The pair continues to move in the framework of growth and the bullish channel. Moving averages indicate a flat trend. However, prices are below the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9795. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0295. USD/CHF Forecast and Analysis November 18 — 22, 2019 In favor of the rise of the Dollar/Franc…
Bitcoin BTC/USD ends the trading week at 8616 and continues to move as part of the correction and the formation of the head and shoulders reversal pattern. Moving averages indicate a bullish trend, prices continue to push off the signal lines, indicating bullish pressure. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 8195. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12155. Bitcoin Forecast and Analysis November 18 — 22, 2019 In favor…
Ethereum ETH/USD closes the trading week at 181.09 and continues to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue the fall and test the support level near the area of 175.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 335.05. Ethereum Forecast and Analysis November 18 — 22, 2019 An additional signal in favor of raising the ETH/USD quotes for the current trading week November 18…
Ripple XRP/USD end the trading week at 0.2627 and continue to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend, continue to be repelled by signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to continue the development of the fall and test the support area near 0.2055. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3995. Ripple Forecast and Analysis November 18 — 22, 2019 In favor of the growth of XRP/USD quotes in the…
Litecoin LTC/USD ends the trading week at 58.73 and continues to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend, which remains quite strong, prices could not break through the area between the signal lines. At the moment, we should expect an attempt to fall and test the support area near the level of 42.15. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 115.05. Litecoin Forecast and Analysis November 18 — 22, 2019 An additional signal in favor of…
Bitcoin Cash ends the trading week at 272.86 and continues to move as part of the correction and the formation of the inverted «Head and Shoulders» model. Moving averages indicate the presence of a bearish trend, which remains strong, as we see prices repel from the area between the signal lines. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to downward correction of the value of the digital asset and a test of the support area near the level of 245.05. Where again, a rebound is expected and an…