Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6371. Moving averages indicate a bearish trend in the pair. 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 0.6485. Then the continuation of the fall of the currency pair with a potential target below the level of 0.6025. NZD/USD Forecast and Analysis October 28 — November 1, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line…
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 USD/CHF Dollar/Franc closes the trading week near the level of 0.9933. The pair continues to move in the framework of growth and the bullish channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to fall 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 1.0305. USD/CHF Forecast and Analysis October 28 — November 1, 2019 In favor of the rise of the Dollar/Franc currency pair, a test of the support line on the…
Bitcoin BTC/USD ends the trading week at 7738 and continues to move as part of the decline. Moving averages indicate a bullish trend, but prices were able to break through the area between the lines, indicating 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 6700. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above 11045. Bitcoin Forecast and Analysis October 28 — November 1, 2019 In favor of raising BTC/USD quotes in the…
Ethereum ETH/USD closes the trading week at 166.35 and continues to move as part of the correction and the downward 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 155.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 290.05. Ethereum Forecast and Analysis October 28 — November 1, 2019 An additional signal in favor of the growth of ETH/USD quotes for the current trading October…
Ripple XRP/USD end the trading week at 0.2814 and continue to move as part of a slight growth and a downward channel. Moving averages indicate a bearish trend, prices have already pushed away from signal lines twice, which indicates pressure from sellers. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near 0.3055. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1435. Ripple Forecast and Analysis October 28 — November 1, 2019 In favor of the…
Litecoin LTC/USD ends the trading week at 52.53 and continues to move as part of the fall and the formation of the «Wedge» model. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 42.50. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above 95.00. Litecoin Forecast and Analysis October 28 — November 1, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week October 28 — November…
Bitcoin Cash ends the trading week at 224.05 and continues to move as part of the fall and the beginning of the development of the «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend, which remains quite strong, as we see prices remain below the signal lines. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 240.05. Where again, a rebound is expected and an attempt to continue the fall of…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction. Moving averages indicate a short-term bullish trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1104. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1045. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of this movement is the area above the level of 1.1275. EUR/USD Forecast Euro Dollar October 25, 2019 An additional signal in favor of raising the EUR/USD quotes will be…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2856. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to depreciate the British Pound and test the support area near the level of 1.2635. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the currency pair, in…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction. Moving averages indicate a short-term bullish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6818. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6785. Further, a rebound from the lower border of the channel and continued growth of quotations to the area above 0.6925. AUD/USD Forecast Australian Dollar October 25, 2019 An additional signal in favor of raising the AUD/USD pair will be…