Author: forex24pro

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the bullish channel. 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 1.1582. As part of the Forex forecast for November 4, 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 formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3649. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines downward, 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 reduce the price of the British Pound against the US…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the development of the big bearish “Wolfe Wave” pattern. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines downward, 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 0.7432. At the moment, we should expect an attempt…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 Japanese Yen is 113.87. 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…

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…