Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong growth. Buyers managed to cancel the formation of the head and shoulders reversal pattern. Moving averages indicate a short-term bearish trend. However, prices have already broken through the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6825. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6860. Further, the rebound from the upper border of the…
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 currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.52. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese Yen on October 18, 2019, we should expect an attempt to reduce and test the support area near the level of 107.55. Further, the rebound and continued growth of the USD/JPY pair to the area above the level…
Brent continue to move as part of the correction and formation of the head and shoulders reversal pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 58.96 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we should expect an attempt to grow and test the resistance level near the area of 59.90 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 52.85. Brent Crude Oil Forecast and analysis October 18, 2019 In favor of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3199. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3175. Further, the rebound and continued growth of the currency pair. A potential target of this movement of quotes is the area below the level of…
GOLD continue to move as part of the correction and the formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of GOLD is 1,495 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend that is nearing completion. At the moment, we should expect an attempt to reduce and test the support level near the area of 1475. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1585. XAU/USD Forecast and GOLD analysis October 18, 2019 In…
Silver continue to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the price of Silver is 17.59 Dollars. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the area of 17.70. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 16.25. XAG/USD Forecast Silver and Analysis October 18, 2019 In favor…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in the framework of strong growth. Moving averages indicate the presence of a short-term downtrend for the pair. At the time of the publication of the FOREX forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6351. At the moment, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 0.6375. Further, within the framework of the forecast and Forex analysis for tomorrow, a rebound is expected and an attempt…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the development of the «Head and Shoulders» reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9869. Moving averages indicate the presence of a short-term bullish trend for the pair, however, prices have pierced the area between the signal lines, this indicates strong pressure from sellers. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.9935. Then, a rebound and…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Double Bottom» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.14. Moving averages indicate a short-term downtrend. As part of the USD/RUB forecast for tomorrow, October 18, 2019, we should expect an attempt to reduce and test the support level near the area of 63.60 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of…
BTC/USD are trading at 8085 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $145 538 415 802. Moving averages indicate the presence of a short-term downward trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, October 18, 2019, we should expect an attempt to increase the asset quotes and test the resistance level near the area of 8205. Where again we should expect a rebound and an attempt to continue the fall of…