The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3219. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend, but prices have broken through both moving ones, which indicates pressure from sellers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3065. Then continued growth of quotations with a target above the level of 1.3445. USD/CAD Forecast and Analysis September 16 — 20, 2019 In favor of the rise of the USD/CAD currency pair,…
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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 107.96. The pair continues to move within the framework of the correction and the bearish channel, and there is also the potential for the formation of the «Head and Shoulders» reversal pattern in an inverted form. 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 104.85. Then the rebound and continued growth of the pair in the region above the level of 112.45. USD/JPY Forecast and…
GOLD completes the trading week near the area of 1507. Quotes XAU/USD continue to move as part of the correction and the bullish channel. Moving averages indicate a bullish trend for GOLD, which has just begun to develop. At the moment, we should expect an attempt to reduce and test the support level near the area of 1455. Further, the continuation of the growth in the price of GOLD with a potential target above the level of 1645. GOLD Price Forecast and Analysis September 16 — 20, 2019 In favor of the rise in quotations and GOLD prices in the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6390. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue the correction and test the resistance area near the level of 0.6490. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.6125. NZD/USD Forecast and Analysis September 16 — 20, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on the relative strength index…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9854. The pair continues to move as part of the correction and the formation of the inverted «Head and Shoulders» model. Moving averages indicate a bearish trend, and quotes are testing the resistance area. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9745. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0215. USD/CHF Forecast and Analysis September 16 — 20, 2019 In favor of the rise of…
Bitcoin BTC/USD ends the trading week at the level of 10313 and continues to move as part of the correction and the formation 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 9535. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a potential target above the level of 14050. Bitcoin Forecast and Analysis September 16 — 20, 2019 In favor of raising the BTC/USD quotes in the…
Ethereum ETH/USD closes the trading week at 177.42 and continues to move as part of the fall and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to fall and test the support level near the area of 130.45. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 250.00. Ethereum Forecast and Analysis September 16 — 20, 2019 In favor of raising the ETH/USD quotes for the current trading week from September…
Ripple XRP/USD end the trading week at 0.2512 and continue to move as part of the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a correction and test the resistance area near 0.2755. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1545. Ripple Forecast and Analysis September 16 — 20, 2019 In favor of reducing the XRP/USD quotes in the current trading week September 16 — 20, 2019, a test of the downward trend line on the relative strength…
Litecoin LTC/USD ends the trading week at 68.42 and continues to move as part of the decline and the beginning of the development of the «Head and Shoulders» reversal pattern. Moving averages indicate the presence of a lateral trend, which will soon change in favor of a downtrend. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 75.00. Where again we should expect a rebound and an attempt to continue the decline in Litecoin with a potential target below the level of 45.05. Litecoin Forecast and Analysis September…
Bitcoin Cash ends the trading week at 295.35 and continues to move as part of the correction and the formation 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 320.55. Where again, a rebound is expected and an attempt to continue the fall of Bitcoin Cash with a potential target below the level of 165.45. Bitcoin Cash Forecast and Analysis September 16 — 20, 2019 An…