Author: forex24pro

Brent continue to move within the fall and the bullish channel. An inverted Head and Shoulders pattern is also formed here. At the time of the publication of the forecast, the price of Brent crude oil is $ 82.41 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went down from the area between the signal lines, which indicates pressure from the sellers of “Black Gold” and the potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a correction and…

Currency pair US Dollar to 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 1.2423. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a correction and a test of…

GOLD continue to move as part of the fall and the formation of a large “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1771 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1750 area. Where can we expect a rebound…

Silver continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern, which, if this pattern completes, it can send the price of the valuable metal above the level of 28.00. At the time of this forecast, Silver prices are at 23.19. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a decrease…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9120. There is a potential for the formation of the “Head and Shoulders” reversal pattern, according to which we have already given a signal in our closed group. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a strong correction and a bullish downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 71.94. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 4, 2021, we should expect an…

BTC/USD are traded at 62586 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $1,164,829,883,223. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, November 4, 2021, we should expect an attempt to develop a…

Ethereum are trading at 4554 and continue to move as part of the growth and the bullish channel, prices approached the upper border of this channel. In the event of a breakdown, you can postpone the height up and expect a rise at least to the channel height. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $527,685,008,034. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of…

XRP/USD are trading at 1.1640 and continue to move as part of the growth and left the descending channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $54,357,396,109. Moving averages indicate a short-term bullish trend for Ripple. Prices went up from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support…