Stock index S&P 500 continue to move within the framework of strong growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the index is trading at 3515. At the moment, we should expect an attempt to develop a correction and test the support level near the 3605 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3870 level. S&P 500 Forecast and Analysis November 10, 2020 An additional signal in favor of the growth of the stock…
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 completes the trading week near the 1.1868 area. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a fall and a test of the resistance area near the level of 1.1665. Where is the rebound and continued growth expected from the Euro/Dollar.…
Ethereum ETH/USD ends the trading week at 440.47 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a slight downward correction and a test of the support level near the 365.55 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the…
BRENT finish the trading week near the area of $ 39.65 per barrel. And it continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices have moved down again from the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 36.65. Then, a rebound and continued growth of oil to the area above the level of $ 57.05 per…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3135 area. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3375. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below the…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 77.46 Rubles per US Dollar. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week November 9 — 13, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.65. Where can we expect a rebound and the beginning of a fall in the…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7270 area. The pair continues to move as part of the correction and the formation of the “Double Top” reversal pattern. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7375. Then, the rebound and the continuation…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3066. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate the presence of a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and test of the resistance level near the area of 1.3225. Then, the continuation of the fall in…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.25 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 104.35 area. Then, the rebound and the continuation of the fall of the pair to the area…
GOLD is completing the trading week near the 1956 area. The XAU/USD quotes continue to move within the growth and ascending channel. Moving averages indicate a bullish trend for Gold. Prices moved up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1865 area. Further, the GOLD price will continue to rise with a potential target above the level of 2295. GOLD Price Forecast and Analysis November…