Silver are completing the trading week near the 25.74 area. Quotes continue to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend for the pair. Prices went up from 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 a correction in the value of an asset and a test of the support level near the 23.55 area. Further, the continued growth in the price of Silver with a potential…
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 in the framework of strong growth and a downward channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through 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 1.1821. As part of the Forex forecast for November 6, 2020, we should expect an attempt at a bullish correction and a test of the resistance level near…
Currency pair Pound/Dollar GBP/USD continues 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 Pound to the US Dollar on Forex is 1.3105. 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong growth and left the downward channel. Moving averages indicate a short-term bearish trend. However, 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 0.7271. At the moment, we should expect an attempt to develop a downward correction and a…
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 103.64. 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 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 6,…
Brent continue to move in the framework of the bullish correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 40.93 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to continue the correction and test the resistance level near the area of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the beginning of the “Triangle” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3031. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, 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 growth and test the resistance level…
GOLD continue to move within the framework of strong growth and were able to leave the downward channel. At the time of the publication of the forecast, the price of GOLD is 1947 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. However, prices have broken through the area between the signal lines upward, 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 and test the support level near the 1910 area. Where can we expect a…
Silver continue to move as part of a strong growth and were able to leave the descending channel. At the time of this forecast, Silver prices are at 25.03 USD. Moving averages indicate a sideways trend. Prices broke up the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value already from the current levels. At the moment, we should expect an attempt to develop a downward correction in the value of the metal and a test of the support level near the area of 24.35. Where can…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong bullish correction and the formation of a “Head and Shoulders” reversal 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 0.6765. At the moment,…