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 $ 62.39 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have gone far from signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to correct and test the support level near the area of 60.05 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 69.05. Brent Crude Oil Forecast and analysis November 8,…
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 US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. The inverted «Head and Shoulders» model continues to form here. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3158. 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 1.3125. 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 1480. 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 8, 2019 In favor of the rise in XAU/USD…
Silver continue to move as part of the decline. At the time of the publication of the forecast, the price of Silver is 17.51 Dollars. Moving averages indicate a downward 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 17.70. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 16.75. XAG/USD Forecast Silver and Analysis November 8, 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 0.6377. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6440. Further,…
Currency pair Dollar Franc USD/CHF continues to move as part of the upward correction and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9921. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices continue to remain above the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9950. Then, a rebound and continued depreciation of…
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 63.70. Moving averages indicate the presence of a short-term downtrend, prices continue to push off from signal lines, which indicates pressure from sellers. As part of the USD/RUB forecast for tomorrow, November 8, 2019, we should expect an attempt to correct and test the resistance level near the area of 64.55 Rubles per US Dollar. Then, a rebound and continued fall…
ETH/USD are trading at 184.62 and continue to move as part of the growth and downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $20 350 308 932. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 172.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 230.05. Ethereum Forecast and…
LTC/USD are trading at 60.83 and continue to move as part of the correction. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 934 238 453. Moving averages indicate the presence of a short-term bullish trend in Litecoin. At the moment, we should expect an attempt to insignificant correction and a test of the support level near the area of 59.65. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 77.75. Litecoin Forecast and LTC/USD Analysis November 8, 2019 In favor of…
XRP/USD are trading at 0.2859 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 $12 533 191 942. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices fell below the level of signal lines, which indicates a pressure from sellers. At the moment, we should expect an attempt to correct the digital asset and a test of the support level near the 0.2615 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3485. Ripple Forecast…