Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2754 area. The pair continues to move as part of the decline and start working out the «Head and Shoulders» model. Moving averages indicate a bearish trend. At this point, we should expect an attempt to develop an upward correction and test the resistance area near the level of 1.2945. Further, the beginning of the decline in quotations of the Pound/Dollar to the area below the level of 1.2055. GBP/USD Forecast and Analysis May 20 — 24, 2019 In favor of the fall of the British Pound will test…
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 64.57 Rubles for the US Dollar. The pair continues to move within the downward channel. Moving averages indicate an uptrend. In the current trading week May 20 — 24, 2019, a decline is expected and a test of the support area near the level of 64.05. Where can we expect a rebound and continued growth of the dollar above the level of 68.35. USD/RUB Forecast and Analysis May 20 — 24, 2019 In favor of the growth of the dollar/ruble pair will be a…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6877. The pair continues to move within the bounds of the fall and was able to break through the lower boundary of the «Triangle» model. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow 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 0.6475. AUD/USD Forecast and Analysis May 20 — 24, 2019 In favor of the fall of the…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3485. The pair continues to move within the bullish channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to reduce and test the support level near 1.3355. Then the growth of quotations continued with the goal above the level of 1.3965. USD/CAD Forecast and Analysis May 20 — 24, 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 a rebound…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 109.61. The pair continues to move within the fall and the bearish channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 110.65. Then rebound and the continuation of the fall of the pair in the area below the level of 105.95. USD/JPY Forecast and Analysis May 20 — 24, 2019 In favor of the fall of the pair Dollar/Yen will test a downward trend line…
GOLD completes the trading week near the area of 1285. The XAU/USD quotes continue to move within the correction and the ascending channel. 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 1270 area. Further, the GOLD price will continue to rise with a potential target above the level of 1365. GOLD Price Forecast and Analysis May 20 — 24, 2019 In favor of the rise of quotations and prices for GOLD in the current trading week of May 20 — 24, 2019, a…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6528 area. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6720. Then, the currency pair will continue to fall with a potential target below the level of 0.6145. NZD/USD Forecast and Analysis May 20 — 24, 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 1.0106. The pair continues to move within the framework of the correction and the formation of the «Wedge» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support area near the level of 1.0010. Further, the rebound and the continued growth of the pair with the goal above the level of 1.0455. USD/CHF Forecast and Analysis May 20 — 24, 2019 In favor of the growth of a pair of Dollar/Franc will test the rising trend line on…
Bitcoin BTC/USD ends the trading week at 7202 and continues to move as part of the correction. Quotes failed to consolidate above 8000 area. Moving averages indicate an uptrend. The important area of support is located near the level of 5400. At the moment, we should expect an attempt to decrease and a test of the area of support near the level of 6250. 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 9200. Bitcoin Forecast and Analysis May 20 — 24, 2019…
Ethereum ETH/USD ends the trading week at level 229 and continues to move as part of the growth and upward channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and maintain the test level near area 200. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 375. Ethereum Forecast and Analysis May 20 — 24, 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…