Stock index Dow Jones continue to move in the framework of growth and the rising channel. At the time of the publication of the forecast, the index is trading at 27139. Quotes continue to grow, and we can talk about the abolition of the formation of the reversal model. Moving averages indicate a bullish trend in the index. At the moment, we should expect an attempt to reduce quotes and test the support level near the area of 26745. Next, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 28725. Dow…
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 in the framework of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair, which is still quite strong. As you can see, for the second time prices are pushing away from the area between moving averages, this indicates pressure from the bears. At the time of the publication of the forecast, the euro / dollar rate is 1.1003. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1075. Further, the rebound and continued fall of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the upward correction and the formation of the «Expanding Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2332. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and test the resistance area near the level of 1.2380. Where again we should expect a rebound and the beginning of a decline in the quotes of the British Pound currency pair against the US Dollar. The downward movement of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the downward channel. Moving averages indicate a short-term bearish trend that is nearing completion. As you can see, moving averages are ready for the next intersection. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6863. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6905. Further, the rebound from the upper border of the channel and the continuation of the fall of quotations in…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and formation of the «Wedge» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 107.79. Moving averages indicate the presence of a short-term downtrend for the pair, which is nearing completion. As part of the Japanese Yen rate forecast for September 12, 2019, we should expect an attempt to grow and test the resistance area near the level of 108.05. Further, a rebound and the beginning of the…
Brent continue to move as part of the upward correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 63.01 per barrel. Moving averages indicate a short-term downtrend for oil, which is nearing completion. At the moment, we should expect an attempt to continue the correction and test the resistance level near the area of 64.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 55.55. Brent Crude Oil Forecast and analysis September 12, 2019 In favor…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3153. Moving averages indicate the presence of a short-term downtrend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3225. Further, the rebound and continued fall of the currency pair. A potential target of this movement of quotes is the area below the level of 1.2975.…
GOLD continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Gold is 1,491 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 1490. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1595. XAU/USD Forecast and GOLD analysis September 12, 2019 In favor of raising the XAU/USD quotes, a test of the…
Silver continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the price of Silver is 18.10 Dollars. Moving averages indicate a short-term uptrend. At the moment, we should expect an attempt to correct the metal and test the support level near the area of 17.95. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 20.05. XAG/USD Forecast Silver and Analysis September 12, 2019 In favor of the growth of XAG/USD quotes, a test of the rising…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a minor correction and the formation of an inverted «Head and Shoulders» model. Moving averages indicate the presence of a short-term bearish trend for the pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6416. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 0.6340. Further, within the framework of Forex forecast and analytics for tomorrow,…