Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.3056. 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 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 a decline and a test of the support level…
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.
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 1876 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices push off from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1880 area. Where can we expect a…
Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of this forecast, Silver prices are at $24.06. Moving averages indicate a bearish trend. Prices broke down 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 24.60. Where can…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the formation of an inverted ”Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9175. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the areas between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a fall in…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.12. Moving averages indicate a short-term sideways trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 12, 2020, we should expect an attempt to develop…
BTC/USD are traded at 15239 and continue to move as part of the growth and the formation of another “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 288,473,057,483. 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 12, 2020, we should expect an attempt to develop a…
Ethereum are traded at 460.43 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 52,086,724,814. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, 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…
LTC/USD are traded at 59.23 and continue to move within the growth and ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,916,629,693. Moving averages indicate a short-term sideways trend in Litecoin. Prices are testing the area between the signal lines, 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 in the value of a digital asset and a test of the support level near the 57.05 area. Where…
Stock index S&P 500 continue to move as part of the growth and the start of working out the “Triangle” model. At the time of the publication of the forecast, the index is trading at 3565. At the moment, we should expect an attempt to develop a correction and test the support level near the 3485 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3835 level. S&P 500 Forecast and Analysis November 12, 2020 An additional signal in favor of the growth of the stock index quotes…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bullish trend for the pair. However, prices broke through the area between the signal lines upwards, 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 1.1806. As part of the Forex forecast for November 11, 2020, we should expect an attempt at a bullish correction and a test of the resistance level near the 1.1845…