BRENT complete the trading week near the area of $61.86 per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a downward trend; prices have repelled several times from signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 63.05. Then a rebound and continued fall of oil to the area below the level of 50.15 dollars per barrel. BRENT oil Forecast and Analysis November 18 — 22, 2019 An…
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.
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2872. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines, which indicates pressure from the bulls. At this, we should expect an attempt to continue the development of growth and test the resistance area near the level of 1.2925. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2245. GBP/USD Forecast and Analysis November 18 — 22,…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.81 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a downward trend. In the current trading week November 18 — 22, 2019, we should expect an attempt to grow and test the resistance area near the level of 64.55. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 60.50. USD/RUB Forecast and Analysis November 18 — 22, 2019 In favor of the fall…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6792. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate the presence of a bearish trend, prices again pushed from the area between the signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.6905. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6395. AUD/USD Forecast and Analysis…
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)…
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…