Author: forex24pro

Stock index S&P 500 continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the index is trading at 3601. At the moment, we should expect an attempt to develop a correction and test the support level near the 3565 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3845 level. S&P 500 Forecast and Analysis November 25, 2020 An additional signal in favor of the growth of the stock index quotes will be…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of the downward pattern “Wolfe Wave”. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing back from 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 1.1902. As part of the Forex forecast for November 24, 2020, we should expect an attempt at a bullish correction and…

Currency pair Pound/Dollar GBP/USD continues to move in the framework of aggressive growth and the beginning of the development of the bearish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3358. Moving averages indicate a short-term bullish trend. Prices pushed up from 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend. 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 0.7330. 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 fall and the ascending channel, and an inverted “Head and Shoulders” pattern is also forming here. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 103.71. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices already from the current levels. As part…

Brent continue to move within the growth and upward channel and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 45.47 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices moved up 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…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3047. Moving averages indicate a short-term bearish trend for the pair. Prices are bouncing from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price pair’s fall in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…

GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1865 Dollars per Troy Oz. Moving averages indicate the presence of a short-term bearish trend. Prices are repelled from 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 bullish correction and test the resistance level near the 1875 area. Where can we expect…

Silver continue to move within the fall and the descending channel. At the time of the publication of the forecast, Silver prices are at $ 23.95. Moving averages indicate a bearish trend. Prices have broken up the area between the signal lines down, 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 25.25 area. Where can we expect a…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and formation of the “Wedge” model. 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 0.6960. At the moment, we should expect an attempt to…