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)…
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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.
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…
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…
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 —…