Stock index S&P 500 continue to move within the framework of strong growth and an upward channel. At the time of the publication of the forecast, the index is trading at 3458. At the moment, we should expect an attempt to develop a correction and test the support level near the 3355 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3585. S&P 500 Forecast and Analysis November 5, 2020 An additional signal in favor of the growth of the stock exchange index quotes will be…
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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 as part of the correction against the background of the presidential elections in the United States and the downward channel. 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 of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1719. As part of the Forex forecast for November 4, 2020, we should expect an attempt of a downward…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the rising channel. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.3054. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall 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 a strong correction and a downward channel. 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 currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7135. At the moment, we should expect an attempt to continue the development of 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 104.55. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the price decline from the current levels. As part of the forecast for the Japanese Yen rate for November 4, 2020, we…
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 $ 39.92 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 current levels. At the moment, we should expect an attempt to continue the correction and test the support level near the area of $ 41.05…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a strong 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 sideways trend in 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…
GOLD continue to move within the bullish correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1903 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…
Silver continue to move within the correction and the downward channel. At the time of the publication of the forecast, Silver prices are at $ 24.15. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, 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 24.35. Where can we expect a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of strong growth and the formation of a “Head and Shoulders” reversal pattern and an upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through testing 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…