Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of growth and the formation of the bearish pattern «Wolfe Wave». Moving averages indicate a short-term uptrend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6929. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6945. Further, a rebound from the resistance level and the continuation of the fall in quotations to the area below 0.6855. AUD/USD Forecast Australian Dollar May 31, 2019 In favor of the…
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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.
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the «Double Bottom» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.67. Moving averages indicate a short-term downward trend in the pair. As part of the forecast of the Japanese Yen rate as of May 31, 2019, we should expect an attempt to fall and test the support area near the level of 108.85. Further, the rebound and continued growth of the…
Quotes of BRENT continue to move in the framework of the decline and the downward channel. At the time of the publication of the forecast, the price of BRENT oil is $ 67.55 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 68.35 dollars per barrel. Further, the continuation of the fall of the oil in the area below 61.75. BRENT Crude Oil Forecast and analysis May 31, 2019 In favor of the fall in quotations and prices for…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3488. Moving averages indicate the presence of a short-term upward trend for the pair. At the moment, we should expect an attempt to reduce the asset and a test of the support level near the area of 1.3465. Further, the rebound and the continuation of the growth of the currency pair on Forex. The potential target of such a movement of quotes is an…
GOLD continue to move as part of the correction and the formation of the descending «Head and Shoulders» model. At the time of the publication of the forecast, the price of GOLD is 1276 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt at a correction and a test of the resistance level near the 1290 area. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1240. XAU/USD Forecast and GOLD analysis May 31, 2019…
Silver continue to move within a strong correction and a bearish channel. At the time of the publication of the forecast, prices for Silver are $ 14.39. Moving averages indicate a short-term downward trend. At the moment, we should expect an attempt to continue asset correction and a test of the resistance level near the 14.45 area. Where can we expect a rebound and the continuation of the fall in the price of Silver with the goal below the level of 14.20. XAG/USD Forecast Silver and Analysis May 31, 2019 In favor of raising the XAG/USD quotes, a test of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the correction and the descending channel. Moving averages indicate a short-term downward trend in the pair. At the time of publication of the Forex forecast, the New Zealand Dollar/US Dollar rate is 0.6523. At the moment, we should expect an attempt to continue the correction of the pair and the test of the resistance level near 0.6535. Further, as part of the Forex forecast, it is expected that the currency pair will continue to fall into the region below the level of 0.6355. NZD/USD…
Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 1.0094. Moving averages indicate the presence of a short-term side trend for the pair. At the moment, we should expect an attempt of a minor correction and a test of the support area near the level of 1.0020. Then, a rebound and continued growth of the US dollar against the Swiss Franc with the goal above the level of 1.0235. USD/CHF Forecast Dollar Franc May…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.88. Moving averages indicate a bearish trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, May 31, 2019, we should expect an attempt to fall and a test of the support level near 64.55 Rubles for the US Dollar. Then, the rebound and the continued growth of the currency pair in the region above…
Bitcoin BTC/USD traded at 8738 and continue to move within the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $155 010 641 129. Moving averages indicate a bullish trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for May 31, 2019, we should expect an attempt to fall and a test of the support level near the 8255 area. Bitcoin Forecast and Analysis BTC/USD May 31, 2019 In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be…