Stock index S&P 500 continue to move as part of the correction and the formation of the next “Triangle” pattern. At the time of the publication of the forecast, the index is trading at 3605. At the moment, we should expect an attempt to develop a correction and test the support level near the 3505 area. Where can we expect a rebound and a continuation of the rise in the S&P 500 quotes to the area above the 3825 level. S&P 500 Forecast and Analysis November 18, 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 pushing the area between the signal lines, 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 EUR/USD rate is 1.1816. As part of the Forex forecast for November 17, 2020, we should expect an attempt at a bullish correction and a test of the resistance level…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the beginning of the development of the bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.3185. 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 currency pair and a 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, 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 0.7289. At the moment, we should expect an attempt to develop growth and test the resistance area near…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.84. Moving averages indicate a short-term bearish trend for the pair. Prices are again repelled from the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for November…
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 $ 44.35 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 rise in the value of the asset 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 $ 43.65 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3092. Moving averages indicate a short-term bearish trend for the pair. Prices are bouncing off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price pair’s fall in the near future. At the moment, we should expect an attempt to develop a decline and a test of the support level near the…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1884 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices push off from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1895 area. Where can we expect a rebound and the continuation of…
Silver continue to move within the correction and the downward channel. At the time of the publication of the forecast, Silver prices are at $ 24.43. 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 25.05 area. 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 0.6866. At the moment, we should expect an attempt to continue the development…