Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the framework of the decline and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 110.79. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to grow and test the resistance area near the level of 111.25. Further, the rebound and the continuation of the fall of the pair USD/JPY to the area below the level of 109.65. USD/JPY Forecast Japanese…
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.
Quotes of BRENT continue to move in the framework of the decline and the bearish channel. At the time of publication of the forecast, the price of BRENT oil is $71.24 per barrel. Moving averages indicate a short-term downward trend in oil. At the moment, we can expect an attempt to grow and test the resistance level near the area of 71.05 dollars per barrel. Further, the continuation of the fall of the oil in the area below 66.45. BRENT Crude Oil Forecast and analysis May 7, 2019 In favor of the fall in quotations and prices for oil BRENT…
Currency pair US Dollar Canadian Dollar USD/CAD 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 rate of the US Dollar to the Canadian Dollar is 1.3466. Moving averages indicate the presence of a short-term bullish 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 1.3435. Further, the rebound and the continuation of the growth of the currency pair on FOREX. The potential target of raising…
GOLD continue to move in the framework of a decline and a downward channel. At the time of the publication of the forecast, the price of GOLD is 1281 Dollars per Troy Oz. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 1290. Where should we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1245. XAU/USD Forecast and GOLD analysis May 7, 2019 In favor of reducing the XAU/USD quotes, a test of the trend…
Silver 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 Silver is 14.85 Dollars. At the moment, we should expect an attempt to grow the asset and test the resistance level near the 15.15 area. Where can we expect a rebound and the continuation of the fall in the price of Silver with the target below the level of 14.15. XAG/USD Forecast Silver and Analysis May 7, 2019 In favor of reducing the XAG/USD quotes, a test of the downward trend line on the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the fall and the downward channel. At the time of publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6612. At the moment, we should expect an attempt to develop a correction and test the resistance level near the 0.6655 area. Further, the continuation of the fall of the currency pair on Forex in the area below the level of 0.6485. NZD/USD Forecast New Zealand Dollar May 7, 2019 In favor of the fall of the pair…
Currency pair Dollar Franc USD/CHF continues to move within the framework of the correction and the formation of the «Triangle» model. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 1.0181. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt to continue falling and test the support area near the level of 1.0165. USD/CHF Forecast Dollar Franc May 7, 2019 Then, the continued growth of the US Dollar against the Swiss Franc with a target above the level…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the beginning of the development 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 65.10. At the moment, we should expect an attempt to reduce and test the support level near the region of 64.65 Rubles per US Dollar. Then, the pair continues to grow to an area above 66.65. USD/RUB Forecast Russian Ruble May 7, 2019 A test of the support line on the relative strength index (RSI)…
Bitcoin BTC/USD are trading at 5624 and continue to move as part of the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $100 756 369 902. Moving averages indicate a bitcoin uptrend. At the moment, we should expect an attempt of growth and a test of the support level near the area of 5525. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 6100. Bitcoin Forecast and Analysis BTC/USD May 7, 2019 In favor of…
Ethereum ETH/USD are trading at the level of 160 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $17 402 772 547. Moving averages indicate an upward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the area of 155. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175. Ethereum Forecast and ETH/USD Analysis May 7, 2019 An additional signal…