Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7006. The pair continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 0.7125. 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 1 — 5, 2019 In favor of the fall of the pair on Forex will test the downward trend 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.
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3088. The pair continues to move within the strong correction and the ascending channel. Moving averages indicate a bullish trend. However, there was a breakdown of the moving averages area, which indicates pressure from the sellers. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3105. Then, the growth of quotations with the goal above the level of 1.3845. USD/CAD Forecast and Analysis July 1 — 5, 2019 A test of the rising support…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the 107.67 area. The pair continues to move within the decline and the downward channel. Moving averages indicate a bearish trend. Here, also, the quotes failed to test even the area of moving averages, which indicates aggressive sales of investors. At the moment, we should expect an attempt to grow and test the resistance level near the area of 108.85. Then rebound and the continuation of the fall of the pair in the area below 104.35. USD/JPY Forecast and Analysis July 1 — 5, 2019…
GOLD completes the trading week near the 1414 area. XAU/USD quotes continue to move as part of strong growth. Moving averages indicate a bullish trend. Moreover, the quotes went far up from the moving averages area, which indicates strong purchases and pressure from buyers. At the moment, we should expect an attempt to fall and a test of the support level near the area of 1360. Further continuation of the rise in the price of GOLD with a potential target above the level of 1495. GOLD Price Forecast and Analysis July 1 — 5, 2019 In favor of the rise…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6705 area. Moving averages indicate a bearish trend in the pair. As you can see, the quotes could not break through the area between the moving averages, which indicates the pressure from the sellers and the strength of the current trend. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6815. Then, the currency pair will continue to fall with a potential target below the level of 0.6175. NZD/USD Forecast and Analysis July…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9748. The pair continues to move within the fall and the bullish channel. 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 0.9715. Further, a rebound and an attempt to grow a pair with a potential target above the level of 1.0105. USD/CHF Forecast and Analysis July 1 — 5, 2019 The test of the support line on the relative strength index (RSI) will be in favor of the rise…
Bitcoin BTC/USD ends the trading week at the level of 11875 and continues to move in the framework of the downward correction and the upward channel. Moving averages indicate a bullish trend. An important area of support is located near the level of 9250. At the moment, we should expect an attempt to correct and test the area of support near the level of 9455. Where once again should we expect a rebound and an attempt to continue the growth of the Bitcoin rate with a potential target above the level of 14850. Bitcoin Forecast and Analysis July 1 —…
Ethereum ETH/USD ends the trading week at the level of 304.56 and continues to move within the growth and ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 255.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 615.00. Ethereum Forecast and Analysis July 1 — 5, 2019 In favor of the rise of ETH/USD quotes on the current trading week of July 1 — 5, 2019,…
Ripple XRP/USD close the trading week at 0.4096 and continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3955. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.7015. Ripple Forecast and Analysis July 1 — 5, 2019 In favor of the rise of XRP/USD quotes in the current trading week of July 1 — 5, 2019,…
Litecoin LTC/USD ends the trading week at 117.26 and continues to move in the framework of the downward correction and the upward channel. Moving averages indicate a bullish trend. The potential for continuing to rise is maintained. At the moment, we should expect an attempt to reduce and test the support area near the level of 115.05. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 185.00. Litecoin Forecast and Analysis July 1 — 5, 2019 An additional signal in favor of the growth of LTC/USD…