Author: forex24pro

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Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of a large reversal pattern “Head and Shoulders”. 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 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 1.1851. As part of the Forex forecast for September 22, 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 fall and the downward channel. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2935. 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 of the asset. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near the level of 1.2975. Where…

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 upward, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7308. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area…

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 104.12. 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 22,…

Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.388 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the asset’s value growth from the current levels, a classic return to the signal lines after the mid-term trend changes. At the moment, we should expect an attempt at correction and a test of the support level near the…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the ascending channel. Here, the “Triangle” model is formed. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3198. 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 a test…

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 1952 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and potential continued growth. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1965 area. Where can we expect a rebound and the continued fall in the price of GOLD with a…

Silver continue to move as part of the correction and the formation of the “Triangle” pattern. Prices are trying to fall, as we can see the sellers are trying to seize the initiative and the pressure from the bears does not decrease. At the time of the publication of the forecast, Silver prices are at $ 26.65. Moving averages indicate a bullish 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…

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 bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6761. At the…