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…
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 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…
Ripple XRP/USD close the trading week at 0.3695 and continue to move in line with the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 0.3325. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.6295. Ripple Forecast and Analysis May 20 — 24, 2019 In favor of the rise of XRP/USD quotes in the current trading week of May 20 — 24, 2019, a test of an uptrend trend…
Litecoin LTC/USD ends the trading week at 86.37 and continues to move through the growth and upward channel. Moving averages indicate a bullish trend. At the moment, we can expect an attempt to test the support area near the level of 73.05. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 125.55. Litecoin Forecast and Analysis May 20 — 24, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week of May 20 — 24, 2019 will be the…
Bitcoin Cash ends the trading week at 357 and continues to move through strong growth and a rising channel. Moving averages indicate a downward trend. As part of the BCH/USD exchange rate forecast for the next trading week, we can expect an attempt to reduce and test the support area near the 295 level. Where is the rebound expected again and the attempt to continue to grow Bitcoin Cash with a potential target above 655 level. Bitcoin Cash Forecast and Analysis May 20 — 24, 2019 An additional signal in favor of raising the BCH/USD quotes on the current trading…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate the presence of a medium-term upward trend for the pair. At the time of the publication of the forecast, the euro/dollar rate is 1.1206. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1235 area. Further, the rebound and the continuation of the decline in the currency pair Euro/Dollar. The potential target of such a movement is the area below the level of 1.1070. EUR/USD Forecast Euro Dollar May 17, 2019 A test…
Currency pair Pound/Dollar GBP/USD continues to move in the framework of the fall and the downward channel. At the time of the publication of the forecast, the pound to dollar rate is 1.2824. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.2905. Where again we should expect a rebound and the continuation of the fall of the pound against the dollar. The target of the downward movement of the currency pair, in the FOREX forecast for May 17, 2019, is the area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate a short-term downward trend. At the time of the publication of the forecast, the Australian Dollar rate to the US Dollar is 0.6923. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6965. Further, a rebound from the resistance level and the continuation of the fall in quotations to the area below 0.6815. AUD/USD Forecast Australian Dollar May 17, 2019 In favor of the fall of the pair AUD/USD…