Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6789. The pair continues to move within the upward correction and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to continue the development of the correction and test the resistance area near the level of 0.6945. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6405. AUD/USD Forecast and Analysis August 5 — 9, 2019 In favor of the fall of the pair on Forex, a test of…
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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3221. The pair continues to move within the correction and the bullish channel. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3145. Then continued growth of quotations with a target above the level of 1.3725. USD/CAD Forecast and Analysis August 5 — 9, 2019 In favor of the rise of the USD/CAD currency pair, a test of the broken resistance line on the relative strength index (RSI)…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 106.83. The pair continues to move within the correction and the downward channel. 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 106.15. Then a rebound and continued growth of the pair to the area above the level of 112.20. USD/JPY Forecast and Analysis August 5 — 9, 2019 In favor of the rise of the Dollar/Yen pair, a test of the ascending trend line on…
GOLD completes the trading week near the area of 1436. Quotes XAU/USD continue to move as part of the growth. 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 1375. Further, the continuation of the growth in the price of Gold with a potential target above the level of 1505. GOLD Price Forecast and Analysis August 5 — 9, 2019 In favor of the rise in quotations and GOLD prices in the current trading week on August 5 — 9, 2019, a test of…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6522. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6655. Then, the continuation of the fall of the currency pair with a potential target below the level of 0.6160. NZD/USD Forecast and Analysis August 5 — 9, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward resistance line on the relative strength index (RSI)…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9851. 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 0.9745. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0275. USD/CHF Forecast and Analysis August 5 — 9, 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 10499 and continues to move as part of the correction and the upward channel. Moving averages indicate a bullish trend. An important support area is located near the level of 9000. At the moment, we should expect an attempt to correct and test the support area near the level of 9750. 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 14250. Bitcoin Forecast and Analysis August 5 — 9, 2019 In favor of raising BTC/USD quotes…
Ethereum ETH/USD ends the trading week at 217.68 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the support level near the area of 195.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 360.00. Ethereum Forecast and Analysis August 5 — 9, 2019 In favor of raising the ETH/USD quotes for the current trading week, August 5 — 9, 2019, a test of the…
Ripple XRP/USD complete the trading week at 0.3127 and continue to move as part of the decline and test of the support area. Moving averages indicate a downward trend. At the moment, we should expect an attempt to reduce and test the area of 0.2665. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.6850. Ripple Forecast and Analysis August 5 — 9, 2019 In favor of the rise in XRP/USD quotes in the current trading week, August 5 — 9, 2019, a test of the ascending trend line…
Litecoin LTC/USD ends the trading week at 96.38 and continues to move as part of the correction. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue the correction and test the support area near the level of 80.05. Where again we should expect a rebound and an attempt to continue growth in Litecoin with a potential target above the level of 170.00. Litecoin Forecast and Analysis August 5 — 9, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week on August 5 — 9, 2019…