Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7042. The pair continues to move within the framework of the correction and the formation of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to continue the correction and test the resistance area near the level of 0.7125. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6575. AUD/USD Forecast and Analysis April 29 — May 3, 2019 In favor of the fall of the pair on Forex…
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.
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 1.3335. Then, the growth of quotations with the goal above the level of 1.3865. USD/CAD Forecast and Analysis April 29 — May 3, 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 be a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 111.63. The pair continues to move within the bearish channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to decrease and test the support level near the 110.55 area. Then rebound and continued growth of the pair to the area above the level of 114.95. USD/JPY Forecast and Analysis April 29 — May 3, 2019 In favor of the rise of a pair of Dollar/Yen will test the rising trend line on the indicator of relative strength…
GOLD completes the trading week near the area of 1282. 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 1295 area. Further, the GOLD price will continue to fall with a potential target below the 1200 level. GOLD Price Forecast and Analysis April 29 — May 3, 2019 In favor of reducing the quotations and prices for Gold in the current trading week of April…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6664 area. Moving averages indicate a downward trend. At the moment, we should expect an attempt to correct and test the resistance area near the level of 0.6735. Then, the currency pair will continue to fall with a potential target below the level of 0.6235. NZD/USD Forecast and Analysis April 29 — May 3, 2019 In favor of the fall of the NZD/USD currency pair, a test of the downward trend line on the relative strength indicator will come out. As well as a…
Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0202. The pair continues to move within steady 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 1.0105. Further, the rebound and the continued growth of the pair with the goal above the level of 1.0485. USD/CHF Forecast and Analysis April 29 — May 3, 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 will…
Bitcoin BTC/USD ends the trading week at the level of 5174 and continues to move as part of the correction and the upward channel. The digital asset is trading near the resistance level, a breakdown of this area will indicate continued strong growth. 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 5780. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a potential target below 4350. Bitcoin Forecast and Analysis April 29 —…
Ethereum ETH/USD ends the trading week at the level of 151 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 155. Where once again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below level 95. Ethereum Forecast and Analysis April 29 — May 3, 2019 In favor of reducing the quotes of ETH/USD…
Ripple XRP/USD close the trading week at 0.2879 and continue to move in line with the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3555. Where again we should expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 0.1550. Ripple Forecast and Analysis April 29 — May 3, 2019 In favor of the fall of XRP/USD quotes in the current trading week of April 29 — May 3, 2019, a test of the…
Litecoin LTC/USD ends the trading week at 70.98 and continues to move as part of the correction. Moving averages indicate an uptrend. At the moment, we should expect an attempt to test the resistance area near the level of 82.55. Where can we expect a rebound again and an attempt to continue falling on Litecoin with a target below the level of 45.50. Litecoin Forecast and Analysis April 29 — May 3, 2019 In favor of the fall in LTC/USD quotations in the current trading week of April 29 — May 3, 2019, a resistance line test on the relative…