Dogecoin ends the trading week at 0.2605 and continues to move within the correction and the large ”Triangle” pattern. Moving averages indicate a bearish trend. Prices are retesting the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 0.2105. From where a rebound is expected again and an attempt to raise Dogecoin cryptocurrency…
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 Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. 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 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 1.1466. As part of the Forex forecast for November 12, 2021, we should expect an attempt to continue the development of a bullish price correction…
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 1.3400. Moving averages indicate a short-term bearish trend. 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 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 fall and the downward channel. Moving averages indicate a short-term bearish trend. 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 forecast, the rate of the Australian Dollar to the US Dollar is 0.7303. At the moment, we should expect an attempt to develop a rise and test…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the rise and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 113.94. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for November 12, 2021, we…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 82.10 per barrel. Moving averages indicate a short-term sideways trend in oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of ”Black Gold” and a 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 a test of the support level near the area of $ 80.75 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.2565. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth 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 support level…
GOLD continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1856 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, 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 1825 area. Where can we expect a rebound and a continued rise in the price of GOLD…
Silver continue to move as part of the rise and completion of the inverted “Head and Shoulders” reversal pattern, prices are already testing the ”Neckline” of this pattern. At the time of publication of the forecast, Silver prices are at 24.85. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the buyers of the asset and a potential continuation of the rise in value already from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and left the downward channel. 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 buyers of the currency pair and a potential continuation of the growth 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 US Dollar is 0.7026. At the moment, we should…