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…
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 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…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and formation of the reversal pattern of the inverted «Head and Shoulders». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.93. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices returned above the signal lines, indicating a resumption of pressure from the bulls in the market. As part of the forecast for the Japanese Yen on October 11, 2019, we should expect an…
Brent continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 58.75 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we should expect an attempt to grow and test the resistance level near the area of 59.65 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 52.15. Brent Crude Oil Forecast and analysis October 11, 2019 In favor of falling quotes…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3286. Moving averages indicate a short-term bullish trend for the pair, prices have only returned to the signal lines, which may indicate a probable upward rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3255. Further, the rebound and continued growth of the currency pair. The…
GOLD continue to move as part of the next wave of 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 1492 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1470. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1575. XAU/USD Forecast and GOLD analysis October 11, 2019 In favor…
Silver continue to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the price of Silver is 17.47 Dollars. Moving averages indicate a bullish trend, but prices have broken through the signal line, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the fall in the value of the metal and test the support level near the area of 17.20. Where can we expect a rebound and continued growth in Silver prices with a target above the level of 19.75. XAG/USD Forecast Silver…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the bearish channel. Moving averages indicate the presence of a short-term bearish trend for the pair, which is still quite strong. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6315. At the moment, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 0.6365. Further, within the framework of the forecast and Forex analysis…