Silver ends the trading week near the 23.81 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop an asset value correction and a test of the support level near the 21.65 area. Further, the continued growth in the price of Silver with a potential target above the level of 29.65. Silver Forecast…
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.
Currency pair Euro/Dollar EUR/USD continues to move within the fall and the rising channel. 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 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 1.2084. As part of the Forex forecast for December 10, 2020, we should expect an attempt to grow and test the resistance level near the 1.2135 area. Further, the rebound and continuation of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the bearish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3404. Moving averages indicate the presence of a short-term bullish trend. Prices are testing 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 resistance area…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Double Top” reversal pattern. Moving averages indicate a short-term bullish trend. Prices broke 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 0.7459. At the moment, we should expect an attempt to develop growth and test the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.07. 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 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…
Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 48.70 per barrel. Moving averages indicate a short-term bullish trend for oil. Target prices upward 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 $ 46.25…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2794. 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 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 growth and a test of the support level near the 1.2735…
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 1845 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines up again, 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 decline and test the support level near the 1830 area. Where can we expect a rebound and a continued rise in the price…
Silver continue to move within the correction and the downward channel. At the time of the forecast release, Silver prices are at $ 24.08. Moving averages indicate a bearish trend. Prices are testing 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 fall in the value of the metal and a test of the support level near the 23.45 area. Where can we expect a rebound and the continuation of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a correction and an upward channel. 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 of the currency pair and a potential continuation of the rise in the value of the instrument 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 0.7052. At the moment, we should expect an…