Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. An inverted «Head and Shoulders» model is also formed here. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3164. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to continue the fall and test the support level near the area of 1.3120. Further, the rebound and continued growth of the currency pair. The potential target…
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.
GOLD continue to move as part of a minor correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of GOLD is 1483 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1475. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1565. XAU/USD Forecast and GOLD analysis November 7, 2019 In favor of the rise in XAU/USD…
Silver continue to move as part of the fall. At the time of the publication of the forecast, the price of Silver is 17.39 Dollars. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near the area of 17.65. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 16.70. XAG/USD Forecast Silver and Analysis November 7, 2019 In favor of falling quotes and…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and formation of the head and shoulders reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair, prices are pushing away from the signal lines, which indicates pressure from the bulls. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6374. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6455. Further,…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the bearish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9934. Moving averages indicate the presence of a short-term bearish trend for the pair. However, prices were again able to break through the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to develop a bullish correction of the dollar against the Franc and a test of the resistance area near the level…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.67. Moving averages indicate the presence of a short-term downtrend, prices continue to push off from signal lines, which indicates pressure from the bears. As part of the USD/RUB forecast for tomorrow November 7, 2019, we should expect an attempt to correct and test the resistance level near the area of 64.20 Rubles per US Dollar. Then, a rebound and continued…
BTC/USD are trading at 9342 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $169 036 591 029. Moving averages indicate the presence of a short-term upward trend in Bitcoin, prices are above the level of signal lines, which indicates pressure from the bulls. As part of the cryptocurrency rate forecast for tomorrow, November 7, 2019, one should expect an attempt to drop a digital asset and test the support level near the area of 8905. Where again we should expect a rebound and an attempt to…
ETH/USD are trading at 188.34 and continue to move as part of the growth and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $20 724 258 378. Moving averages indicate the presence of a short-term sideways trend for Ethereum, but prices are above the level of signal lines, which indicates pressure from buyers of the digital asset. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 173.65. Where again we should expect a rebound and continued growth…
LTC/USD are trading at 62.41 and continue to move as part of the growth. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $4 029 961 404. Moving averages indicate the presence of a short-term lateral trend for Litecoin, which is nearing completion. At the moment, we should expect an attempt at a slight correction and a test of the support level near the area of 59.35. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 81.65. Litecoin Forecast and LTC/USD…
XRP/USD are trading at 0.2972 and continue to move as part of the correction. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $13 057 473 659. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices remain above the level of signal lines, which indicates a pressure from the bulls. At the moment, we should expect an attempt to correct the digital asset and a test of the support level near the 0.2815 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3405. Ripple…