GOLD XAU/USD close the trading week near the area of 1177. Quotes continue to move within the bearish trend. At the moment, we should expect an attempt to correct and test the upper border of the channel near the area of 1200. Further, the continuation of the fall in the price of GOLD with a potential target below the level of 1105. XAU/USD weekly forecast & analysis August 20 — 24, 2018 In favor of falling quotes and prices for GOLD in the current trading week August 20 — 24, 2018 a downtrend line test will be performed on 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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6606. 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 0.6700 and continue the fall of the currency pair below the level of 0.6270. NZD/USD weekly forecast & analysis August 20 — 24, 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 variant of falling quotations on the current trading…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9956. The pair continues to move within the framework of the formation of the «Triangle» model. At the moment, we should expect an attempt to test the support area near the level of 0.9890 and continue the growth of the pair with a target above the level of 1.0300. USD/CHF weekly forecast & analysis August 20 — 24, 2018 In favor of the growth of the Dollar/Franc pair, a trend line test will be performed on the relative strength index (RSI), as well as a rebound from the…
Bitcoin BTC/USD completes the trading week at 6436 and continues to move within the flat trend. At this point, we should expect an attempt to test the support area near the level of 6000. Once again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a potential target above the level of 8700. Bitcoin weekly forecast & analysis August 20 — 24, 2018 In favor of the growth of quotations BTC/USD on the current trading week of August 20 – 24, 2018 will test the support area on the indicator of…
Ethereum ETH/USD completes the trading week at 298 and continues to move within the bearish trend. At this point, we should expect an attempt at a resistance level near area 350. Again, we should expect a rebound and the continued decline in the Ethereum rate with a potential target below 150. Ethereum weekly forecast & analysis August 20 — 24, 2018 In favor of lowering quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The cancellation of the fall option will result in…
Ripple XRP/USD completes the trading week at 0.2976 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 0.4050. Whence again we should expect a rebound and the continuation of the fall of the cryptocurrency into the area below the level of 0.1000. Ripple weekly forecast & analysis August 20 — 24, 2018 In favor of lowering the quotations of XRP/USD, a downtrend test on the relative strength index (RSI) will perform. Cancellation of the variant of the Ripple cryptocurrency fall will be a strong…
Litecoin LTC/USD completes the trading week at 56.70 and continues to move in a bearish trend. At this point, we should expect an attempt to test the lower border of the channel near the level of 45.00. Whence again we should expect a rebound and an attempt to continue the development of the bullish correction of Litecoin with a target above the level of 110.00. Litecoin weekly forecast & analysis August 20 — 24, 2018 In favor of LTC/USD quotes growth, a support line test will be performed on the relative strength index (RSI). The abolition of Litecoin’s growth option…
Currency pair Euro Dollar EUR/USD continues to move within the framework of the bullish correction. At the time of publication of the forecast, the Euro to the US Dollar rate is 1.1372. At the moment, we should expect an attempt to test the upper boundary of the downward channel near the area of 1.1390, from which we should expect a rebound and the continued decline of the Euro/Dollar with a target below the level of 1.1215. EUR/USD forecast & technical analysis August 17, 2018 In favor of falling quotations EUR/USD will test the downward trend line on the indicator of…
Currency pair Pound/Dollar GBP/USD continues to move in the bearish channel. At the time of publication of the forecast, the rate of the Pound to the US dollar is 1.2706. At this point, we should expect an attempt to test the broken down channel border near the level of 1.2815, where again we should expect a rebound and the continued decline of the Pound against the Dollar. The target of the fall of the GBP/USD currency pair is the area below the level of 1.2525. GBP/USD forecast & technical analysis August 17, 2018 In favor of reducing the pair on…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of a bullish correction. At the time of publication of the forecast, the Australian Dollar to the US Dollar rate is 0.7273. At the moment, we should expect a test of the resistance area near the level of 0.7310 and the continuation of the fall of quotations in the area below the level of 0.7120. AUD/USD forecast & technical analysis August 17, 2018 In favor of the fall of the pair AUD/USD will perform a bearish trend test on the indicator of relative strength index (RSI).…