The quotes of XAG/USD continue to move within the framework of the development of growth and a bearish channel. At the time of publication of the forecast, the price of Silver is 31.10. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the price decline from current levels. At the moment, we should expect an attempt to develop a decline in the metal price and a test of the support level near the 29.95 area. From where we should expect an upward price rebound…
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.
The quotes of the currency pair NZD/USD continue to move within the development of a decline and a descending channel. The potential for the formation of a reversal model “Wedge” remains. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is…
The USD/CHF currency pair continues to move within the framework of the growth development and the bullish channel. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8850. Moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against the Swiss Franc and…
BTC/USD quotes are trading at 94664 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, November 21, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level…
ETH/USD are trading at 3114 and continue to move within the framework of the growth and bullish channel development. Moving averages indicate the presence of a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s decline from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 2965 area. From where we should again expect an upward rebound in prices and continued growth…
The Euro/Dollar currency pair EUR/USD continues to move within the growth development and has left the descending channel. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0561. As part of the Forex forecast for November 20, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the correction and the descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2645. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop the fall of the British Pound against the US Dollar and a test of the support area near…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and bearish channel. The moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6507. At the moment, we should expect an attempt to develop the fall and a test of the…
The quotes of the USD/JPY currency pair continue to move within the development of the decline and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 153.89. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for November 20, 2024, we should expect an…
Brent oil quotes continue to move within the framework of growth development and formation of the “Double Bottom” reversal pattern. At the time of publication of the forecast, the price of Brent crude oil is 73.19 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a decline and…