Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1168. The pair continues to move within the correction and the downward channel. The pair was able to update another local maximum, which indicates pressure from buyers. Moving averages indicate a bearish trend, prices are still testing the area between the signal lines. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1215. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. A potential reduction target is the area below the level…
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.
BRENT complete the trading week near the area of 61.36 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate the presence of a downward trend, prices several times repelled from the signal lines, 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 the level of 62.25. Then a rebound and continued fall of oil to the area below the level of 50.05 dollars per barrel. BRENT oil Forecast and Analysis November 11 —…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2805. 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 buyers. At this, we should expect an attempt to develop growth and test the resistance area near the level of 1.2885. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.1895. GBP/USD Forecast and Analysis November 11 — 15, 2019 In favor of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.74 Rubles per US Dollar. The pair continues to move within the correction and the bearish channel. Moving averages indicate a downward trend. In the current trading week November 11 — 15, 2019 we should expect an attempt to grow and test the resistance area near the level of 64.45. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 60.80. USD/RUB Forecast and Analysis November 11 — 15, 2019 In favor of the fall…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6867. The pair continues to move within the upward correction and the downward channel. Moving averages indicate the presence of a bearish trend, prices returned to the area between the signal lines, which indicates a probable fall from the current levels. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.6955. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6425. AUD/USD Forecast…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3188. The pair continues to move within the correction and the upward channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3105. Then continued growth of quotations with a target above the level of 1.3755. USD/CAD Forecast and Analysis November 11 — 15, 2019 In favor of the rise of the USD/CAD currency pair, a test of the support area on the relative strength index (RSI) will…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 109.43. The pair continues to move in the framework of growth and a downward channel. Moving averages indicate a bearish trend, but prices have pierced the area 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 107.95. Then the rebound and continued growth of the pair in the region above the level of 114.05. USD/JPY Forecast and Analysis November 11 — 15, 2019…
GOLD completes the trading week near the area of 1457. Quotes XAU/USD continue to move as part of the fall 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 1500. 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 11 — 15, 2019 An additional signal…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6330. 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 0.6435. Then the continuation of the fall of the currency pair with a potential target below the level of 0.6075. NZD/USD Forecast and Analysis November 11 — 15, 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 0.9967. The pair continues to move in the framework of growth and the bullish channel. Moving averages indicate a lateral trend. However, prices are above the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9825. 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 11 — 15, 2019 In favor of the rise of the…