BCH/USD are trading at 221.29 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 016 019 449. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for October 8, 2019, one should expect an attempt to increase the value of the asset and test the resistance level near the area of 228.55. Where again we should expect a rebound and continued fall of the digital asset Bitcoin…
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 Euro Dollar EUR/USD completes the trading week near the area of 1.0973. The pair continues to move as part of the decline and the downward channel. The pair was able to update the next minimum. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to correct and test the resistance area near the level of 1.1115. 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 of 1.0605. EUR/USD Forecast and Analysis October 7 — 11, 2019 In favor…
BRENT complete the trading week near the area of 58.15 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 61.65. Then a rebound and continued fall of oil to the area below the level of 49.05 dollars per barrel. BRENT oil Forecast and Analysis October 7 — 11, 2019 An additional signal in favor of reducing oil quotes this week will be a test of the resistance line on…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2301 area. The pair continues to move within a rebound from the area between the signal lines and the downward channel. Moving averages indicate a bearish trend. At this, we should expect an attempt to develop a correction and test the resistance area near the level of 1.2405. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.1605. GBP/USD Forecast and Analysis October 7 — 11, 2019 In favor of the fall of the British Pound, a test…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 64.30 Rubles per US Dollar. The pair continues to move within the lateral correction and the bullish channel. Moving averages indicate a bullish trend that is nearing completion. In the current trading week October 7 — 11, 2019 we should expect an attempt to reduce and test the support area near the level of 62.85. Where can we expect a rebound and continued growth of the dollar above the level of 69.65. USD/RUB Forecast and Analysis October 7 — 11, 2019 In favor of…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6763. The pair continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.6805. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6285. AUD/USD Forecast and Analysis October 7 — 11, 2019 In favor of the fall of the pair on Forex, a test of the downward…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3328. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3255. Then continued growth of quotations with a target above the level of 1.3830. USD/CAD Forecast and Analysis October 7 — 11, 2019 In favor of the rise of the USD/CAD currency pair, a test of the rising support line on the relative strength index (RSI)…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 106.88. The pair continues to move within the framework of the correction and the downward channel, and there is also the potential for the formation of an inverted «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 106.05. Then the rebound and continued growth of the pair in the region above the level of 110.75. USD/JPY Forecast and Analysis October 7…
GOLD completes the trading week near the area of 1505. XAU/USD quotes continue to move as part of the correction and the rising channel. Moving averages indicate the presence of a bullish trend for GOLD, prices still push off from the level between the signal lines. At the moment, we should expect an attempt to reduce and test the support level near the area of 1470. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1610. GOLD Price Forecast and Analysis October 7 — 11, 2019 In favor of the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6310. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to develop an upward correction and test the resistance area near the level of 0.6365. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.5905. NZD/USD Forecast and Analysis October 7 — 11, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on the relative strength…