Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and were able to leave the ascending channel. 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 Euro/ US Dollar rate is 1.1789. As part of the Forex forecast for November 12, 2020, we should expect an attempt at a bullish correction and a test of the resistance…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the formation of the downward ”Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, 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 0.6884. At the moment, we should expect…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the Pound/US Dollar rate on Forex is 1.3255. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. 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 resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues 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. 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 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 0.7295. At the moment, we should expect an attempt to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and 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 105.38. Moving averages indicate a short-term bearish trend for the pair. Prices have broken up the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of the rise in prices already from the current levels. As part of the forecast for the Japanese Yen rate for…
Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude is $ 45.23 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went above 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 $ 43.05 per barrel. Further,…
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 1.3056. 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 decline and a test of the support level…
GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1876 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 1880 area. Where can we expect a…
Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of this forecast, Silver prices are at $24.06. 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 24.60. Where can…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the formation of an inverted ”Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9175. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the areas between the signal lines upwards, 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 fall in…