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 $…
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 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…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 of the currency pair and a potential continuation of the rise in the value of the instrument 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 0.7174. At…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the bullish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9151. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through testing the area between the signal lines downward, which indicates pressure from sellers 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 depreciation of the US Dollar…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the bullish downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 70.75. Moving averages indicate a short-term bearish trend. Prices moved down from 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 2, 2021, we should expect an attempt…
BTC/USD are traded at 62038 and continue to move as part of the correction and the formation of the ”Triangle” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,171,768,822,081. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken through 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 2, 2021, we should expect an attempt to develop a correction in…
Ethereum are trading at 4324 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 $514,339,883,990. 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 the asset from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level near the…
XRP/USD are trading at 1.0937 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 51,542,362,370. Moving averages indicate a short-term bullish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate drop in the market from the current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support level…