Stock index Dow Jones continue to move within the fall and the downward channel. At the time of the publication of the forecast, the index is trading at 24711. 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 25100. Dow Jones Index Forecast and Analysis June 4, 2019 In favor of the fall of the stock index quotes, a test of the resistance line on the indicator of relative strength index (RSI) will be made. The second signal will be a rebound from 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 Euro Dollar EUR/USD completes the trading week near the 1.1144 area. The pair continues to move within the correction and the bearish channel. 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 1.1255. Where is expected to rebound and the continuation of the fall of the euro/dollar. The potential target of the decline is the area below 1.0855. EUR/USD Forecast and Analysis June 3 — 7, 2019 In favor of the fall of the EUR/USD currency pair at Forex, a test of…
BRENT crude oil complete the trading week near the area of $ 63.72 per barrel. And it continues to move in the framework of a strong fall and working out of the «Double Top» reversal pattern. Moving averages indicate a downward trend. At the moment, we should expect an attempt to correct and test the resistance area near the level of 65.50. Then continued the fall of oil in the area below the level of 51.05 dollars per barrel. BRENT oil Forecast and Analysis June 3 — 7, 2019 An additional signal in favor of reducing the quotations of oil…
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…
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…