Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bullish trend for the pair. Bulls managed to push prices just above the final lines, but it’s premature to talk about the formation of a reversal. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1034. At the moment, we should expect an attempt to continue the upward correction and test the resistance level near the area of 1.1060. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
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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 continues to move as part of strong growth and an upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2735. 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 1.2485. 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,…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend. Sellers again managed to push prices further down. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6754. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6775. Further, the rebound from the upper border of the channel and the continuation of the fall of quotations in the area below 0.6625. AUD/USD Forecast Australian Dollar…
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 108.82. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese Yen on October 16, 2019, we should expect an attempt to reduce and test the support area near the level of 108.35. 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 $ 59.35 per barrel. Moving averages indicate a short-term downtrend for oil, which is nearing completion. The pressure from the bulls is increasing. At the moment, we should expect an attempt to grow and test the resistance level near the area of 60.15 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 53.75. Brent Crude…
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 1.3197. 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 1.3215. Further, the rebound and continued growth of the currency pair. The 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 1,481 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 1465. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1565. XAU/USD Forecast and GOLD analysis October 16, 2019 In…
Silver continue to move as part of the correction and the downward channel. A «Head and Shoulders» reversal pattern is also being formed here. At the time of the publication of the forecast, the price of Silver is 17.38 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 17.65. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall. 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 0.6280. At the moment, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 0.6315. Further, within the framework of the forecast and Forex analysis for tomorrow, a rebound is expected and an attempt to…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and formation 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 0.9981. Moving averages indicate the presence of a short-term bullish trend for the pair, prices continue to push off from signal lines, pressure from the bulls continues. At the moment, we should expect an attempt to continue slight growth and test the resistance area near the level of 1.0010. Then, a rebound and continued depreciation of the…