Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of BRENT oil is $ 61.34 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we should expect an attempt to reduce and test the support level near the area of 60.10 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 67.70. BRENT Crude Oil Forecast and analysis August 6, 2019 In favor of rising quotes and BRENT oil prices, a test of the support line…
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 US Dollar Canadian Dollar USD/CAD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3230. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3245. Further, a rebound and continued decline in the currency pair. A potential target of this movement of quotes is the area below the level of 1.2990.…
GOLD continue to move as part of the decline and the upward channel. At the time of the publication of the forecast, the price of GOLD is 1456 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 1415. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1505. XAU/USD Forecast and GOLD analysis August 6, 2019 In favor of raising the XAU/USD quotes, a test of the…
Silver continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Silver is 16.48 Dollars. Moving averages indicate a short-term uptrend. At the moment, we should expect an attempt to reduce the asset and test the support level near the area of 16.05. Where can we expect a rebound and continued growth in Silver prices with a target above the level of 17.15. XAG/USD Forecast Silver and Analysis August 6, 2019 In favor of the growth of XAG/USD quotes, a test of the support line on the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the decline and the bearish channel. Moving averages indicate the presence of a short-term downtrend 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 0.6513. At the moment, we should expect an attempt to correct the pair and test the resistance level near the area of 0.6555. Further, within the framework of the forecast and Forex analysis, an attempt is expected to continue the fall of…
Currency pair Dollar Franc USD/CHF continues to move as part of a strong fall and a bearish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9963. Moving averages indicate the presence of a short-term downtrend for the pair. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.9815. Then, a rebound and the beginning of the depreciation of the US Dollar against the Swiss Franc with a target below 0.9650. USD/CHF Forecast Dollar Franc August 6,…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.88. Moving averages indicate a bearish trend. As part of the USD/RUB forecast for tomorrow, August 6, 2019, we should expect an attempt to lower and test the support level near the area of 64.05 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 67.60. USD/RUB Forecast Russian Ruble August 6, 2019 On…
Bitcoin BTC/USD are trading at 11730 and continue to move as part of the growth and the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $209 203 052 389. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, August 6, 2019, we should expect an attempt to decrease and test the support level near the area of 10550. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of…
Ethereum ETH/USD are trading at 228.97 and continue to move as part of the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $25 124 412 166. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to fall and test the support level near the area of 207.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 305.00. Ethereum Forecast and ETHUSD Analysis August 6, 2019 An additional signal in favor of…
Litecoin LTC/USD are trading at 98.89 and continue to move as part of the growth and formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $ 6 510 227 392. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 90.00. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 125.00. Litecoin Forecast and LTCUSD Analysis August 6,…