Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2831. The pair continues to move in a bearish trend. At this point, we should expect an attempt to test the correction and resistance area test near the level of 1.2925. Further, the continuation of the fall in the quotes of the Pound/Dollar in the area below the level of 1.2345. GBP/USD weekly forecast & analysis August 27 — 31, 2018 In favor of the decline of the British Pound, a trend line test will be performed on the relative strength index (RSI), as well as a…
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 US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 67.82 Rubles per US Dollar. The pair continues to move within the framework of growth. The ruble rate remains pending a new sanction that could send the pair further up the trend to an area above the level of 75. As part of the technical analysis, on the current trading week on August 27 — 31, 2018, we expect a support area test near the level of 66.20 and continuation of the pair above 72.35. USD/RUB weekly forecast & analysis August 27 — 31,…
Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7274. The pair continues to move in a bearish trend. At the moment, we should expect an attempt to test the upper border of the channel near the area of 0.7370 and continue the fall of AUD/USD with a target below 0.6965. AUD/USD weekly forecast & analysis August 27 — 31, 2018 In favor of the fall of the pair on Forex will test the bearish trend line on the indicator of relative strength index (RSI). The abolition of the AUD/USD decline option on the…
The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.3089. The pair continues to move within the correction. At this point, we should expect an attempt to test the level of support near the area of 1.3030 and the continuation of the growth of quotations with a target above the level of 1.3565. USD/CAD weekly forecast & analysis August 27 — 31, 2018 In favor of the growth of the pair USD/CAD will test the uptrend line on the indicator of relative strength index (RSI), as well as the formation of an inverted…
Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 111.39. The pair continues to move within the correction. At this point we should expect an attempt to test the support level near the area of 110.60 and continue the growth of the pair in the area above the level of 117.20. USD/JPY weekly forecast & analysis August 27 — 31, 2018 In favor of the pair’s growth, the Dollar/Yen will test the uptrend line on the relative strength index (RSI). The cancellation of the growth of the pair USD/JPY on the…
GOLD XAU/USD close the trading week near the area of 1189. Quotes continue to move within the bearish trend. At this point, we should expect an attempt to correct and test the upper boundary of the bearish channel near area 1205. Further, the continuation of the fall in the price of gold with a potential target below the level of 1115. GOLD weekly forecast & analysis August 27 — 31, 2018 In favor of falling quotes and GOLD prices in the current trading week on August 27 — 31, 2018, a bearish trend test will be performed on the relative…
Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6641. The pair continues to move within the bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.6740 and continue the fall of the currency pair below the level of 0.6250. NZD/USD weekly forecast & analysis August 27 — 31, 2018 In favor of reducing the currency pair NZD/USD, a downtrend test on the relative strength index (RSI) will perform. The cancellation of the drop in quotes on the current trading week…
Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9853. The pair continues to move within the framework of the «Triangle» model development. At this point, we should expect a test of the resistance area near the 0.9930 level and the continued decline of the pair with a target below 0.9520. USD/CHF weekly forecast & analysis August 27 — 31, 2018 In favor of the fall of the pair, Dollar/Frank will perform a test of a broken trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower bound of the…
Bitcoin BTC/USD completes the trading week at 6503 and continues to move within the framework of the formation of the «Triangle» model. At this point, we should expect a test of the resistance area near the level of 7100. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a potential target below the level of 4350. Bitcoin weekly forecast & analysis August 27 — 31, 2018 In favor of lowering the quotations of BTC/USD on the current trading week on August 27 — 31, 2018, a test of the broken…
Ethereum ETH/USD completes the trading week at 273 and continues to move within the bearish trend. At this point, we should expect an attempt at a resistance level near the area of 355. Where again we should expect a rebound and the continued decline in the Ethereum rate with a potential target below the level of 135. Ethereum weekly forecast & analysis August 27 — 31, 2018 In favor of the decline in quotations ETH/USD on the current trading week on August 27 — 31, 2018, a resistance line test will be performed on the relative strength index (RSI), as…