Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6336. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue the development of the bullish correction and test the resistance area near the level of 0.6505. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.5915. NZD/USD Forecast and Analysis October 14 — 18, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on…
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 0.9974. The pair continues to move in the framework of growth and the rising channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to slightly decrease and test the support area near the level of 0.9845. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0355. USD/CHF Forecast and Analysis October 14 — 18, 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 the level of 8362 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. 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 growth and test the resistance area near the level of 9250. Where again we should expect a rebound and the continued fall of the Bitcoin rate with a potential target below 6450. Bitcoin Forecast and Analysis October…
Ethereum ETH/USD closes the trading week at 184.18 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 growth and test the resistance level near the area of 195.05. Where again we should expect a rebound and a continued decline in the Ethereum rate with a potential target below 95.05. Ethereum Forecast and Analysis October 14 — 18, 2019 An additional signal in favor of a drop in ETH/USD quotes in the current trading week October 14 — 18,…
Ripple XRP/USD complete the trading week at 0.2644 and continue to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to continue the upward correction and test the resistance area near 0.3165. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1305. Ripple Forecast and Analysis October 14 — 18, 2019 In favor of the fall in XRP/USD quotes in the current trading week October 14 — 18, 2019 a test of the downward…
Litecoin LTC/USD ends the trading week at 55.52 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near the level of 68.05. Where again we should expect a rebound and an attempt to start falling in Litecoin with a potential target below the level of 25.55. Litecoin Forecast and Analysis October 14 — 18, 2019 An additional signal in favor of a drop in LTC/USD quotes in the current trading week October 14 — 18,…
Bitcoin Cash ends the trading week at 224.39 and continues to move as part of a minor correction and the start of working out the «Head and Shoulders» reversal model. Moving averages indicate a bearish trend. 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 240.55. Where is the rebound expected again and an attempt to continue the fall of Bitcoin Cash with a potential target below the level of 120.05. Bitcoin Cash…
Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the bearish channel. Moving averages indicate the presence of a short-term downtrend for the pair, prices are again testing the area between the lines, which can provoke another drop in quotes. In general, the current trend continues for a rather long period of time and remains still strong. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1007. At the moment, we should expect an attempt to correct and test the resistance level near the area of 1.1025. Further, the rebound and…
Currency pair Pound/Dollar GBP/USD continues to move as part of strong growth and a bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2387. Moving averages indicate a short-term downtrend, however, the bulls were able to push prices above the level of signal lines. At the moment, we should expect an attempt to depreciate the British Pound and test the support area near the level of 1.2225. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bearish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6759. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6770. Further, the rebound from the upper boundary of the model and the continuation of the fall in quotations to the area below 0.6630. AUD/USD Forecast Australian Dollar October 11, 2019 An additional…