Currency pair Euro/Dollar EUR/USD continues to move in the upward correction and the downward channel. Moving averages indicate the presence of a short-term flat trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1255. At the moment, we should expect an attempt to continue the ascent and test the resistance area near the 1.1340 area. Further, the rebound and the beginning of the decline in the currency pair Euro/Dollar. The potential target of such a movement and working out the «Head and Shoulders» reversal pattern is the area below the level 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.
Currency pair Pound/Dollar GBP/USD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the pound rate to the US Dollar at FOREX is 1.2540. Moving averages indicate a short-term downward trend. At the moment, we should expect an attempt to rise and test the resistance area near the level of 1.2595. Where again we should expect a rebound and the continuation of the fall of the British Pound against the US Dollar. The target of the downward movement of the currency pair, in the framework of the Forex forecast for…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the bullish correction and the bearish channel. Moving averages indicate a short-term downward trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar is 0.6979. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7005. Further, a rebound from the resistance level and the continuation of the fall of quotations to the area below 0.6840. AUD/USD Forecast Australian Dollar July 12, 2019 In favor of the fall of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the bull channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.24. Moving averages indicate the presence of a short-term upward trend for the pair. As part of the forecast of the Japanese Yen rate for July 12, 2019, we should expect an attempt to decrease and test the support area near the level of 108.05. Further, the rebound and continued growth of the pair USD/JPY to…
Brent continue to move in the framework of strong growth and the formation of the downward «Wolfe Wave». At the time of the publication of the forecast, the price of BRENT oil is 67.01 dollars per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we should expect an attempt to rise and test the resistance level near the area of 67.55 dollars per barrel. Further, the continuation of the fall of the oil in the area below 61.55. BRENT Crude Oil Forecast and analysis July 12, 2019 In favor of reducing the quotations and prices…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3069. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to reduce and test the support level near 1.3035. Further, the rebound and the continuation of the growth of the currency pair on Forex as part of the beginning of the development of the ascending model «Wolfe Wave». A potential target of such a…
GOLD continue to move within the framework of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Gold is 1415 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 1395. Where should we expect a rebound and continued growth in the price of Gold with the goal above the level of 1475. XAU/USD Forecast and GOLD analysis July 12, 2019 In favor of lifting quotes XAU/USD will…
Silver continue to move in the framework of the decline and the bearish channel. At the time of the publication of the forecast, the price of Silver is 15.21 Dollars. Moving averages indicate a short-term downward trend. At the moment, we should expect an attempt to grow the asset and test the resistance level near the area of 15.30. Where can we expect a rebound and continue to reduce the price of Silver with a target below the level of 14.50. XAG/USD Forecast Silver and Analysis July 12, 2019 In favor of the fall in XAG/USD quotes, a test of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the «Wolfe Wave» model. Moving averages indicate the presence of a short-term bearish trend for the pair. At the time of publication of the FOREX forecast, the New Zealand Dollar/US Dollar rate is 0.6669. At the moment, we should expect an attempt to grow the pair and test the resistance level near the 0.6745 area. Further, in the framework of the FOREX forecast, an attempt is expected to continue the fall of the currency pair in…
Currency pair Dollar Franc USD/CHF continues to move in the framework of the correction and the formation of a reversal pattern inverted «Head and Shoulders». At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9888. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9805. Then, a rebound and the beginning of the growth of the US Dollar against the Swiss Franc with the goal above the level of…