Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the rise and the formation of the ”Triangle” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2638. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and test the…
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.
GOLD continue to move as part of the correction and the formation of a large inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1752 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, 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 1745 area. Where can…
Silver continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the forecast release, Silver prices are at 22.31. Moving averages indicate a bearish 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 test of the support level near the 21.95 area.…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bearish 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 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 0.6885. At the moment, we should…
Currency pair Dollar Franc USD/CHF continues to move as part of the rise 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 0.9291. 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 rise in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a rise in the US Dollar rate against the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.52. 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 October 7, 2021, we should expect an attempt to…
BTC/USD are trading at 51423 and continue to move within the growth and bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 964,999,468,024. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the rise in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 7, 2021, we should expect an attempt to develop a decrease…
Ethereum are traded at 3403 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $399,347,971,180. 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 correction in the value of the coin and test the resistance level near the area…
XRP/USD are trading at 1.0336 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 $48,394,309,070. Moving averages indicate a short-term bearish trend for Ripple. 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 the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a decline in the asset and a test of the…
Stock index S&P 500 continue to move as part of the fall and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish 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 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 4285. At the moment, we should expect an attempt to develop a fall and test the support level near the 4245…