Brent continue to move within the bullish correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.07 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 the sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to continue the correction and test the resistance level near the area of $…
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 US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of a large “Triangle” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3114. 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 pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and a…
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 1902 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1915 area. Where can we expect a rebound and the continuation of the fall in…
Silver continue to move within the correction and the downward channel. At the time of the forecast publication, Silver prices are at $ 23.96. Moving averages indicate a bearish trend. The prices are again 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 bullish correction in the value of the metal and a test of the resistance level near the area of 24.25. Where can we expect a rebound…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken the area between the signal lines up, 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 0.6689. At…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the ascending upward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9109. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the areas between the signal lines again, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the Swiss Franc…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 79.18. 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 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 5, 2020, we should expect an attempt to develop a correction…
BTC/USD are trading at 14001 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 $ 262,212,449,511. 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 5, 2020, we should expect an attempt to develop a downward correction in…
Ethereum are trading at 397.94 and continue to move as part of a strong growth and a downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 45,931,182,437. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s price 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…
LTC/USD are traded at 53.78 and continue to move as part of the growth and the beginning of the development of the bullish ”Wolfe Wave” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,560,133,708. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a…