Silver ends the trading week near the 23.59 area. Quotes continue to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices continue to test the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from 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 22.25 area. Further, the continued growth in the price of Silver with a potential target above the level 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 Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices went down from 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 already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7037. At the moment, we should expect an attempt to continue the development of a…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall 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 1.1674. As part of the Forex forecast for October 30, 2020, we should expect an attempt of a downward correction and a test of the resistance level near the 1.1735…
Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and the downward channel. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2930. 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 a potential continuation of the instrument’s fall. 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 near the…
XRP/USD are trading at 0.2419 and continue to move within a strong correction and an upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 10,741,678,709. Moving averages indicate a short-term bullish trend for Ripple. Prices broke up between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop a downward correction of a digital asset and a test of the support level near…
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 104.61. 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 the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for October 30,…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 38.36 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from 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 support level near the area of $ 39.65 per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a strong growth and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3310. 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 and a potential continuation of the growth of 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…
GOLD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of GOLD is 1870 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices have gone far down 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 growth and test the resistance level near the 1890 area. Where can we expect a rebound and the continued fall in…
Silver continue to move within the framework of a strong fall and the beginning of the “Triangle” pattern. At the time of the forecast publication, Silver prices are at $ 23.35. Moving averages indicate a bearish trend. Prices went down from 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 23.75 area. Where…