Author: forex24pro

Stock index S&P 500 continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the index is trading at 3293. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3365 area. Where can we expect a rebound and the continuation of the fall of the S&P 500 quotes to the area below the level of 3085. S&P 500 Forecast and Analysis September 24, 2020 An additional signal in favor of falling stock index quotes will be a test…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of a large reversal pattern “Head and Shoulders”. Moving averages indicate a short-term bearish trend for the pair. However, prices went down from the area between the signal lines, which indicates pressure from the 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 EUR/USD rate is 1.1707. As part of the Forex forecast for September 23, 2020, we should expect an attempt to grow and…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and was able to leave the ascending channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on FOREX is 1.2722. 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 currency pair and a potential continuation of the fall of the asset. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend. 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 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 0.7156. At the moment, we should expect an attempt to develop a bullish…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.98. 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 September 23,…

Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.20 per barrel. Moving averages indicate a short-term bullish 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 at correction and a test of the support level near the $ 40.45 area per barrel. Further,…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3326. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from buyers and a potential continuation of the price pair’s growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3235 area.…

GOLD continue to move as part of the fall and the beginning of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1952 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices bounced off 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 1925 area. Where can we expect a rebound and the continued…

Silver continue to move within the fall and the descending channel. At the time of this forecast, Silver prices are at $ 24.26. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value from 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 ​​25.35. Where can we expect a rebound and the continuation of the…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the beginning of the development of the downward Wolfe Wave pattern at higher time frames. 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 currency pair and a potential continuation of the fall of the instrument in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US…