Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3042. 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 of the price pair 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 within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1874 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 rebound and the continuation of…
Silver continue to move within the framework of a strong fall 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 bullish 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…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the formation of a downward “Wolfe Wave” pattern. 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 0.6815. At the moment, we should expect an…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the formation of the “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 0.9159. Moving averages indicate a short-term bearish trend for the pair. Prices returned to the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and left the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.60. Moving averages indicate a short-term sideways trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 11, 2020, we should expect an attempt to develop growth…
BTC/USD are trading at 15239 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 283,055,748,568. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, 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 11, 2020, we should expect an attempt to develop a downward correction in…
Ethereum are trading at 443.94 and continue to move as part of the growth and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 50,500,067,328. 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 asset’s value growth from the current levels. At the moment, we should expect an attempt at a bearish correction in the value of the coin and a test of the support level near the…
LTC/USD are traded at 57.69 and continue to move within the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,850,027,138. Moving averages indicate a short-term bullish trend for Litecoin. 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 correction in the value of a digital asset and a test of the support level near the 55.65…
Stock index S&P 500 continue to move in the framework of the correction after a strong 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 3531. 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 continued rise in the S&P 500 quotes to the area above the level of 3805. S&P 500 Forecast and Analysis November 11, 2020 An additional signal in favor of…