BRENT crude oil close the trading week near the region of $ 63.59 per barrel. And it continues to move within the correction. Moving averages indicate a downward trend. At the moment, we should expect an attempt to continue the ascent and test the resistance area near the level of 64.85. Then the continuation of the fall of oil into the region below the level of 49.65 dollars per barrel. BRENT oil Forecast and Analysis July 29 — August 2, 2019 An additional signal in favor of reducing the quotations of oil this week will be the test of the…
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 ends the trading week near the 1.2425 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. At this point, we should expect an attempt to continue the ascent and test the resistance area near the level of 1.2675. Further, the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.1895. GBP/USD Forecast and Analysis July 29 — August 2, 2019 In favor of the fall of the British Pound will test the downward trend line on the indicator of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.09 Rubles for the US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. In the current trading week of July 29 — August 2, 2019, we expect a drop and a test of the support area near the level of 62.15. Where can we expect a rebound and continued growth of the dollar above 66.25. USD/RUB Forecast and Analysis July 29 — August 2, 2019 In favor of raising the pair Dollar/Ruble will…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6927. 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 0.7015. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6535. AUD/USD Forecast and Analysis July 29 — August 2, 2019 In favor of the fall of the pair on Forex will test…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3182. The pair continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to decrease and test the support level near the 1.3005 area. Then, the growth of quotations with the goal above the level of 1.3625. USD/CAD Forecast and Analysis July 29 — August 2, 2019 A test of the rising support line on the relative strength indicator will be in favor of the USD/CAD rise. The second signal…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.65. 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 decrease and test the support level near the area of 106.95. Then rebound and continued growth of the pair to the area above the level 111.85. USD/JPY Forecast and Analysis July 29 — August 2, 2019 In favor of the rise of a pair of Dollar/Yen will test the rising trend line on the…
GOLD completes the trading week near the area of 1418. XAU/USD quotes continue to move as part of growth. Moving averages indicate a bullish trend. At the moment, it is worth expecting an attempt to reduce and test the support level near the area of 1370. Further continued growth of the price of GOLD with a potential target above the level of 1495. GOLD Price Forecast and Analysis July 29 — August 2, 2019 In favor of the rise of quotations and prices for GOLD in the current trading week of July 29 — August 2, 2019, a test of…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6641. 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 0.6745. Then, the currency pair will continue to fall with a potential target below the level of 0.6165. NZD/USD Forecast and Analysis July 29 — August 2, 2019 In favor of the fall of the currency pair NZD/USD test will perform a downward resistance line on the indicator of relative strength. The…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9925. The pair continues to move within the correction and the ascending channel. Moving averages indicate a flat trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9765. Further, the rebound and the attempt to grow a pair with a potential target above the level of 1.0325. USD/CHF Forecast and Analysis July 29 — August 2, 2019 The test of the support line on the relative strength indicator will be in favor of the rise of the…
Bitcoin BTC/USD ends the trading week at 9782 and continues to move in the framework of the downward correction and the bullish channel. Moving averages indicate a bullish trend. An important support area is located near the 9000 level. At the moment, we should expect an attempt at correction and a test of the support area near the 9350 level. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a potential target above 14350. Bitcoin Forecast and Analysis July 29 — August 2, 2019 In favor of the rise of…