BRENT crude oil complete the trading week near the region of $ 70.44 per barrel. And it continues to move in decline. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 73.45. Then the continuation of the fall of oil into the region below the level of 57.60 dollars per barrel. BRENT oil Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of reducing the quotations of oil this week will be the test of the resistance line on the 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 Pound Dollar GBP/USD ends the trading week near the 1.2909 area. The pair continues to move within the framework of the correction and the formation of the «Head and Shoulders» model. Moving averages indicate a bearish trend. At present, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.3145. Further, the beginning of the decline in quotations of the Pound/Dollar to the area below the level of 1.2375. GBP/USD Forecast and Analysis May 6 — 10, 2019 In favor of the fall of the British Pound will test…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.29 Rubles for the US Dollar. The pair continues to move within the descending channel. Moving averages indicate an uptrend. In the current trading week of May 6 — 10, 2019, we expect a further decline and a test of the support area near the level of 64.15. Where can we expect a rebound and continued growth of the dollar above the level of 68.15. USD/RUB Forecast and Analysis May 6 — 10, 2019 The growth of the Dollar/Ruble pair will be supported by…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6996. The pair continues to move within the framework of the correction and the formation 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 0.7135. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6535. AUD/USD Forecast and Analysis May 6 — 10, 2019 In favor of the fall of the pair on FOREX will test the…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3467. The pair continues to move within the bullish channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the 1.3265 area. Then, the growth of quotations with the goal above the level of 1.3945. USD/CAD Forecast and Analysis May 6 — 10, 2019 The test of the support line on the indicator of relative strength index (RSI) will be in favor of raising the USD/CAD currency pair. The second signal will…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 111.47. The pair continues to move within the descending channel. Moving averages indicate a bullish trend. At the moment, we can expect an attempt to reduce and test the support level near the area of 110.65. Then rebound and continued growth of the pair to the area above 115.55. USD/JPY Forecast and Analysis May 6 — 10, 2019 In favor of the rise of a pair of Dollar/Yen will test the rising trend line on the indicator of relative strength index (RSI).…
GOLD completes the trading week near the area of 1270. XAU/USD quotes continue to move as part of the correction and the beginning of the development of the «Triangle» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to continue the correction and test the resistance level near the area of 1285. Further, the GOLD price will continue to fall with a potential target below the level of 1190. GOLD Price Forecast and Analysis May 6 — 10, 2019 In favor of reducing the quotations and prices for GOLD in the current trading week May…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6614 area. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6745. Then, the currency pair will continue to fall with a potential target below the level of 0.6215. NZD/USD Forecast and Analysis May 6 — 10, 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. As well as a…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0203. The pair continues to move in the framework of strong growth. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support area near the level of 1.0115. Further, the rebound and continued growth of the pair with the target above the level of 1.0525. USD/CHF Forecast and Analysis May 6 — 10, 2019 In favor of the growth of the Dollar/Franc will make a test trend line on the indicator of relative strength index (RSI). The second signal…
Bitcoin BTC/USD ends the trading week at 5729 and continues to move through strong growth and an upward channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 5040. 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 6850. Bitcoin Forecast and Analysis May 6 — 10, 2019 A test of the rising trend line on the relative strength index (RSI) will be in favor of raising…