Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 154.95. 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 19, 2024, we should expect an…

Brent oil quotes continue to move within the framework of the development of the rsot and the formation of the “Double Bottom” reversal pattern. At the time of publication of the forecast, the price of Brent crude oil is 72.77 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and bullish channel. The potential for the formation of the “Wedge” reversal pattern remains. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4066. 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 buyers and potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop the growth of…

XAU/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2609 Dollars per Troy Ounce. 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 asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2545 area. From where we…

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 Silver price is 31.14. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the 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 29.85 area. From where we should expect an upward…

The quotes of the currency pair NZD/USD continue to move within the development of the correction and 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 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 0.5859. At the moment, we should expect an attempt…

The USD/CHF currency pair continues to move within the development of a bearish correction and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8858. 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 buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a decline in the US Dollar against the Swiss Franc and a…

BTC/USD quotes are trading at 90727 and continue to move within the framework of the correction development and the formation of the “Triangle” model. 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 the 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 19, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and…

ETH/USD are trading at 3095 and continue to move within the development of the correction and the bullish channel. 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 decline in the asset value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin value and a test of the support level near the 2855 area. From where we should again expect an upward rebound in…

The Euro Dollar EUR/USD currency pair ends the trading week as part of the development of a fall near the level of 1.0571. The pair continues to move within a long-term sideways corridor. Moving averages indicate the presence of a bullish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a decline in the EUR/USD quotes and…