Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9955. The pair continues to move within the correction and the upward channel. Moving averages indicate a bearish trend. 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 1.0345. USD/CHF Forecast and Analysis October 7 — 11, 2019 In favor of the rise of the Dollar/Franc currency pair, a test of the support line on the relative strength index…
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.
Bitcoin BTC/USD ends the trading week at the level of 8153 and continues to move as part of the fall and the beginning of the development of the «Triangle» model. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 6565. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12825. Bitcoin Forecast and Analysis October 7 — 11, 2019 In favor of the rise in BTC/USD quotes in the…
Ethereum ETH/USD closes the trading week at 173.39 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue the fall and test the support level near the area of 145.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 255.00. Ethereum Forecast and Analysis October 7 — 11, 2019 In favor of raising the ETH/USD quotes for the current trading week October 7 — 11, 2019,…
Ripple XRP/USD complete the trading week at the level of 0.2504 and continue to move as part of the correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1810. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3205. Ripple Forecast and Analysis October 7 — 11, 2019 In favor of the growth of XRP/USD quotes in the current trading week from October 7…
Litecoin LTC/USD ends the trading week at 56.13 and continues to move as part of the correction and the formation of the «Wedge» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 47.50. Where again we should expect a rebound and an attempt to start growth in Litecoin with a potential target above the level of 95.05. Litecoin Forecast and Analysis October 7 — 11, 2019 An additional signal in favor of an increase in LTC/USD quotes in the current trading week from…
Bitcoin Cash ends the trading week at 222.06 and continues to move as part of the fall and the beginning of the development of the «Head and Shoulders» reversal pattern. 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 correct and test the resistance area near the level of 245.05. 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 Forecast and Analysis October 7 —…
Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair, prices continue to push from the area between the lines, which indicates pressure from the bears. In general, the current trend continues for quite some time. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0950. 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 continued fall of the Euro/Dollar currency pair. The potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2284. 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 1.2215. Where again we should expect a rebound and continued growth of quotations of the British Pound currency pair against the US Dollar. The purpose of the upward movement of the currency pair, in the framework…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish correction and the downward channel. 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 0.6714. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6735. Further, the rebound from the upper border of the channel and the continuation of the fall of quotations in the area below 0.6610. AUD/USD Forecast Australian Dollar October 4, 2019 An additional signal in…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.12. Moving averages indicate a short-term bullish trend for the pair. Prices are still below the signal lines, indicating bearish pressure. As part of the forecast of the Japanese Yen rate on October 4, 2019, we should expect an attempt to correct and test the resistance area near the level of 106.40. Further, the rebound and…