DOGE/USD are traded at 0.2707 and continue to move within the correction and the bullish channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 0.2505 area. Where can we expect a rebound again and continued growth in the Dogecoin rate with a potential…
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.
SHIBA INU ends the trading week at 0.00007042 and continues to move within the correction and the bullish channel. The ”Triangle” model is also formed here. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the current levels. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.0000605. From where…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall after working out the ”Wolfe Wave” reversal pattern. 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 the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1564. As part of the Forex forecast for November 2, 2021, we should expect an attempt to continue the development of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3675. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to correct the price of the British Pound against the US Dollar and test the resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a bearish ”Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7503. At the moment, we should expect an attempt to develop…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 114.22. Moving averages indicate a short-term bullish trend for the pair. The prices have broken the area between the signal lines upwards, which indicates the pressure from the buyers of the US Dollar and the potential continuation of the rise in prices already from the current levels. As part of the forecast for the Japanese Yen rate…
Brent continue to move in the framework of the rise and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 84.52 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of $…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and left the short-term downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2378. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop a correction and a test of the…
GOLD continue to move as part of the correction and the formation of a large ”Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1786 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1760 area. Where can we expect a rebound and a…
Silver continue to move within the correction and left the descending channel. Here, an inverted “Head and Shoulders” reversal pattern is formed, which, if the formation is completed, can send the price of the metal above the level of 28.00. At the time of the forecast release, Silver prices are at 23.83. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in value from the current levels. At the moment, we should expect an attempt to develop a…