Author: forex24pro

Stock index S&P 500 continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the index is trading at the level of 3259. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3185 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3465. S&P 500 Forecast and Analysis July 23, 2020 A test of the support line on the relative strength…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have moved far up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continued growth of the European currency. At the time of the publication of the forecast, the EUR/USD rate is 1.1484. As part of the FOREX forecast for July 22, 2020, we should expect an attempt to continue the decline and test the support level near the 1.1345 area. Further, a…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of a large reversal pattern «Head and Shoulders». A bearish Wolfe Wave pattern is also forming. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2747. Moving averages indicate a short-term bullish trend. Prices bounced off 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 develop the growth of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the bullish channel. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7106. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 0.7025. Further, a rebound and continued growth of quotations to…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within 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 106.94. Moving averages indicate a short-term sideways trend in the pair. Prices have broken down the area between the signal lines, which indicates pressure from the USD sellers and a potential continuation of the price decline. As part of the forecast for the Japanese Yen rate for July 22, 2020, we should expect an attempt to develop growth and…

Brent continue to move within the framework of strong growth and the beginning of the development of the «Triangle» model, as we see the bears could not send the market to work out the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the price of Brent crude is $ 43.23 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value. At the moment, we…

Currency pair US Dollar to Canadian Dollar USD/CAD continues 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 Canadian Dollar is 1.3444. Moving averages indicate a short-term bearish trend for the pair. Prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price decline in the near future. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 1.3505 area. Further,…

GOLD continue to move within the growth and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1815 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices moved up from 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 a correction and test the support level near the 1815 area. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of…

Silver continue to move within the growth and the ascending channel. At the time of the publication of the forecast, Silver prices are $20.99. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the asset’s value growth. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 19.85 area. Where can we expect a rebound and continued growth in the price of Silver…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong growth and a bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing 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 0.6629. At the moment, we should expect an attempt to fall and a test of…