Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. 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 US Dollar is 0.7129. At the moment, we should…

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 0.9125. 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 71.98. 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 5, 2021, we should expect an…

BTC/USD are trading at 61811 and continue to move as part of the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $1,176,068,620,054. Moving averages indicate a short-term sideways trend in Bitcoin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, November 5, 2021, we should expect an attempt to develop a…

Ethereum are trading at 45222 and continue to move within the growth and bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $540,452,401,073. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a small correction in the value of the coin and a test of the support level near the 4445…

XRP/USD are trading at 1.1984 and continue to move within the growth and bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $57,183,860,294. 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 the 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 level near the 1.1505…

Stock index S&P 500 continue to move within the framework of strong growth and a bullish channel. Moving averages indicate a short-term bullish trend. Prices broke up the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4655. At the moment, we should expect an attempt to develop a small correction and test the support level near the 4625 area.…

LTC/USD are trading at 202.20 and continue to move as part of the correction and left the bearish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 14,127,324,089. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from 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…

DOGE/USD are traded at 0.2653 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 0.2455 area. Where can we expect a rebound again and continued growth in the Dogecoin rate with a potential…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00005629 and continues to move within the correction and the downward channel. 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…