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…
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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 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…
Ethereum ETH/USD ends the trading week at 164 and continues to move as part of the growth and ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the level of support near the area of 155. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 235. Ethereum Forecast and Analysis May 6 — 10, 2019 A test of the support line on the relative strength index (RSI) will be in favor of raising the ETH/USD quotes…
Ripple XRP/USD close the trading week at 0.3023 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the 0.2755 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4960. Ripple Forecast and Analysis May 6 — 10, 2019 In favor of the rise of XRP/USD quotes in the current trading week May 6 — 10, 2019, a test of the rising trend line on…
Litecoin LTC/USD ends the trading week at 77.59 and continues to move as part of growth. Moving averages indicate an uptrend. At the moment, we should expect an attempt to test the support area near the level of 70.65. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 107.55. Litecoin Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week May 6 — 10, 2019 will be the support line test on…
Bitcoin Cash ends the trading week at 288 and continues to move along the uplink. Moving averages indicate a downward trend. As part of the BCH/USD rate forecast for the week, we should expect an attempt to fall and a test of the support area near the level of 205. Where again we should expect a rebound and an attempt to continue to grow Bitcoin Cash with a potential target above the level of 450. Bitcoin Cash Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of raising the BCH/USD quotes on the current trading week…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the correction. Moving averages indicate the presence of a medium-term downward trend for the pair. At the time of the publication of the forecast, the euro/dollar rate is 1.1205. At the moment, we should expect an attempt to continue growth and test the resistance level near the 1.1250 area. Further, the rebound and the continuation of the decline in the currency pair Euro/Dollar. The potential goal of such a movement is the area below the level of 1.1045. EUR/USD Forecast Euro Dollar May 3, 2019 The test of the…
Currency pair Pound/Dollar GBP/USD continues to move in an upward correction. At the time of the publication of the forecast, the pound to dollar rate is 1.3047. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and test the support area near the level of 1.3005. Where once again we can expect a rebound and continued growth of the pound against the dollar. The target of the upward movement of the currency pair, in the framework of the FOREX forecast for May 3, 2019, is the area at the level of 1.3245. GBP/USD…