Silver close the trading week near the area of 24.99. Quotes continue to move within the framework of the growth and the rising channel. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the metal 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 22.50 area. Further, the continued growth in the price of Silver with…
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 as part of the correction and the downward channel, here the “Head and Shoulders” reversal pattern is formed. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, 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 1.1754. As part of the Forex forecast for October 9, 2020, we should expect an attempt to grow and test the resistance…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Triangle” pattern, sellers fail to break through the lower border of the model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2909. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect an attempt to correct the British Pound against the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a bullish correction and a downward channel. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7155. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.99. Moving averages indicate a short-term bearish trend for the pair. Prices have broken the area between the signal lines upwards, which indicates pressure from the US Dollar buyers and a potential continuation of the price growth from the current levels. As part of the forecast for the Japanese Yen exchange…
Brent continue to move as part of the growth after the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.75 per barrel. Moving averages indicate a short-term bullish trend for oil. However, prices have broken through the area between the signal lines upward, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt at correction and a test of the support level near the area of $ 41.65 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3238. 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 sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and test the…
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 1890 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, 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 1905 area. Where can we expect a rebound and the continued fall in the price…
Silver continue to move within the fall and the descending channel. At the time of the publication of the forecast, Silver prices are at $ 23.90. Moving averages indicate a bearish trend. Prices went down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop the growth in the value of the metal and a test of the resistance level near the area of 24.45. Where can we expect a rebound and…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the “Head and Shoulders” reversal pattern. 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 the sellers of the currency pair and a potential continuation of the fall 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 0.6582. At the moment, we should expect an attempt…