Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6834. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate the presence of a bearish trend, prices have several times repelled from these lines. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.6855. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6465. AUD/USD Forecast and Analysis October 28 — November 1, 2019 In favor…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3059. The pair continues to move as part of the decline and the rising 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 1.2815. Then continued growth of quotations with a target above the level of 1.3325. USD/CAD Forecast and Analysis October 28 — November 1, 2019 In favor of the rise of the USD/CAD currency pair, a test of the support area on the relative strength…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.66. The pair continues to move within the framework of growth and the downward channel, and there is also the potential to start working out the model, the inverted «Head and Shoulders». Moving averages indicate a bearish trend, prices returned to the area between the signal lines, which could trigger a downward rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 107.95. Then a rebound and continued growth of the pair…
GOLD completes the trading week near the area of 1507. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for GOLD, prices again pushed off the level between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1480. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1630. GOLD Price Forecast and Analysis October 28 — November 1, 2019 In favor…
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…
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…