Currency pair Pound/Dollar GBP/USD continues to move as part of a minor correction and an upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2878. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to develop the correction of the British Pound and a test of the support area near the level of 1.2765. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against the US Dollar. The purpose of the…
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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 Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Moving averages indicate a short-term bullish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6897. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6925. Further, the rebound and the beginning of the fall of quotations in the area below 0.6795. AUD/USD Forecast Australian Dollar November 7, 2019 An additional signal in favor of the fall of the AUD/USD pair will be a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.02. Moving averages indicate the presence of a short-term bullish trend for the pair, prices pushed from the area between the signal lines, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on November 7, 2019, we should expect an attempt to reduce and test the support area near the level of…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 62.61 per barrel. Moving averages indicate a short-term bullish trend for oil. However, prices have gone far from the signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to correct and test the support level near the area of 60.55 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 69.85. Brent Crude Oil Forecast and…
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…
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…