Currency pair Pound Dollar GBP/USD ends the trading week near the 1.2578 area. The pair continues to move within the decline and the downward channel. Moving averages indicate a bearish trend. At present, we should expect an attempt to develop a correction and test the resistance area near the level of 1.2785. Further, the beginning of the decline in quotations of the Pound/Dollar to the region below the level of 1.2125. GBP/USD Forecast and Analysis June 3 — 7, 2019 In favor of the fall of the British Pound will test the downward trend line on the indicator of relative…
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 to Russian Ruble USD/RUB completes the trading week near the level of 65.40 rubles for the US Dollar. The pair continues to move within the descending channel and the formation of the «Triangle» model. Moving averages indicate an uptrend. In the current trading week of June 3 — 7, 2019, a decline is expected and a test of the support area near 64.65. Where can we expect a rebound and continued growth of the dollar above the level of 68.35. USD/RUB Forecast and Analysis June 3 — 7, 2019 In favor of the growth of the…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6904. The pair continues to move within the decline and the bearish 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 0.7055. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6565. AUD/USD Forecast and Analysis June 3 — 7, 2019 In favor of the fall of the pair on Forex will test the downward trend line on…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3554. The pair continues to move within the growth and bullish channel. 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 1.3455. Then, the growth of quotations with the goal above level 1.3985. USD/CAD Forecast and Analysis June 3 — 7, 2019 A test of the rising support line on the relative strength index (RSI) will be in favor of the USD/CAD rise. The second signal will be…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the 108.81 area. The pair continues to move as part of the decline and the formation of the bull wave «Wolfe Wave». 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 108.20. Then rebound and continued growth of the pair to the area above the level of 111.45. USD/JPY Forecast and Analysis June 3 — 7, 2019 In favor of the growth of a pair of Dollar/Yen will test…
GOLD completes the trading week near the area of 1296. The XAU/USD quotes continue to move as part of the correction and the beginning of the development of the Wedge model. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue the correction and test the support level near the area of 1285. Further, the GOLD price will continue to rise with a potential target above the level of 1365. GOLD Price Forecast and Analysis June 3 — 7, 2019 In favor of the rise of quotations and prices for GOLD in the current…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6498 area. Moving averages indicate a bearish trend in the pair. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6585. Then, the currency pair will continue to fall with a potential target below the level of 0.6265. NZD/USD Forecast and Analysis June 3 — 7, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward trend line on the relative strength index (RSI) will come out. The…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0057. The pair continues to move within the framework of the correction and the formation of the Wedge model. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to correct and test the support area near the level of 1.0025. Further, the rebound and the continuation of the pair with the goal above the level of 1.0245. USD/CHF Forecast and Analysis June 3 — 7, 2019 In favor of the growth of a pair of dollar franc will test the rising trend line…
Bitcoin BTC/USD ends the trading week at 8220 and continues to move as part of the growth and bullish channel. Quotes will continue to test the resistance of 8000. Moving averages indicate a bullish trend. An important support area is located near the 7000 level. At the moment, we should expect an attempt to correct and test the support area near the 7215 level. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a potential target above the level of 10550. Bitcoin Forecast and Analysis June 3 — 7, 2019…
Ethereum ETH/USD ends the trading week at level 251 and continues to move as part of the growth and upward channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to decrease and maintain the test level near area 220. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 360. Ethereum Forecast and Analysis June 3 — 7, 2019 A test of the support line on the relative strength index (RSI) will be in favor of raising the ETH/USD quotes on the current trading week…