Stock index S&P 500 continue to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the index is trading at 3630. At the moment, we should expect an attempt to develop a correction and test the support level near the 3595 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3845 level. S&P 500 Forecast and Analysis November 26, 2020 An additional signal in favor of the growth of the stock exchange…
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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 correction and the formation of the downward pattern “Wolfe Wave”. Moving averages indicate a short-term bullish trend for the pair. Prices are again repelled from the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1871. As you can see, after a strong fear, the bulls were able to seize the initiative. As part of the Forex forecast for…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the beginning of the development of the bearish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the Pound/US Dollar rate on Forex is 1.3344. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a correction and an upward channel. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7346. At the moment, we should expect an attempt to develop growth and test the resistance area near the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. An inverted ”Head and Shoulders” pattern is also formed here. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.41. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the price decline from the current levels. As part of the forecast…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 46.38 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices moved up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise 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 $ 44.60…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of a “Double Bottom” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3044. Moving averages indicate a short-term bearish trend for the pair. Prices are bouncing 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 fall and a…
GOLD continue to move as part of the fall and the beginning of the “Triangle” pattern. 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 bullish correction and test the resistance level near the 1840 area. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1750. XAU/USD Forecast and GOLD analysis November 25, 2020 An additional signal in favor of reducing the XAU/USD quotes will be…
Silver continue to move within the fall and the descending channel. At the time of publication of the forecast, Silver prices are at $ 23.25. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, 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 bullish correction in the value of the metal and a test of the resistance level near the area of 24.45. Where can we expect a rebound and…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6968. At the moment, we should expect an attempt to continue the development…