BRENT complete the trading week near the area of 60.10 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate the presence of a downward trend, prices several times repelled from the signal lines, which indicates the strength of sellers. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 61.85. Then a rebound and continued fall of oil to the area below the level of 50.05 dollars per barrel. BRENT oil Forecast and Analysis October 21…
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 Pound Dollar GBP/USD completes the trading week near the area of 1.2896. The pair continues to move in strong growth and a bearish channel. Moving averages indicate a bearish trend. At this, we should expect an attempt to develop a decline and test the support area near the level of 1.2625. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3535. In favor of the growth of the British Pound, a test of the broken trend line on the relative strength index (RSI) will come out. The…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.91 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bullish trend that is nearing completion. In the current trading week October 21 — 25, 2019, we should expect an attempt to reduce and test the support area near the level of 62.55. Where can we expect a rebound and continued growth of the Dollar exchange rate above 66.25. USD/RUB Forecast and Analysis October 21 — 25, 2019 A rebound from the support…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6834. The pair continues to move within the upward correction and the downward channel. Moving averages indicate the presence of a bearish trend, prices have several times repelled from these lines. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.6915. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6475. AUD/USD Forecast and Analysis October 21 — 25, 2019 In favor of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3138. The pair continues to move as part of the decline and the rising channel. Moving averages indicate a bullish trend, but prices have already broken signal lines several times, indicating pressure from the bears. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3055. Then continued growth of quotations with a target above the level of 1.3805. USD/CAD Forecast and Analysis October 21 — 25, 2019 In favor of the rise of the…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.60. The pair continues to move in the framework of the ascent and the downward channel, and there is also the potential to start working out the reversal model of the inverted «Head and Shoulders». Moving averages indicate a bearish trend, prices have only returned to the area between the signal lines, which could trigger a downward rebound. At the moment, we should expect an attempt to reduce and test the support level near the area of 107.65. Then a rebound and…
GOLD completes the trading week near the area of 1487. Quotes XAU/USD continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for Gold, prices are still pushing away from the level between the signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to reduce and test the support level near the area of 1465. 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 21 — 25, 2019…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6367. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 0.6495. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.5955. NZD/USD Forecast and Analysis October 21 — 25, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9889. The pair continues to move as part of the decline and the bullish 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 0.9805. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0325. USD/CHF Forecast and Analysis October 21 — 25, 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 7889 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 sellers. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6750. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12375. Bitcoin Forecast and Analysis October 21…