Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 30.56 area. Quotes continue to move within the development of the fall and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the asset value and a test of the support level near the 29.65 area. Next, the continuation of the growth of the Silver price…

XRP/USD end the trading week at 0.8208 and continue to move within the framework of growth development and the beginning of the “Triangle” model development. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.6995. From where we should again expect an upward rebound and continuation of the growth of the…

Litecoin LTC/USD ends the current trading week at 84.20, continuing to move within the growth and bullish channel. Moving averages confirm the presence of a bearish trend, which indicates dominant pressure from coin sellers. A breakout of the area between the signal lines by the price upwards increases the likely continuation of the growth of the Litecoin rate next trading week. In the near future, we should expect an attempt to develop a bearish correction and test the support area near the 74.05 mark. From there, an upward rebound is possible with continued growth in the cryptocurrency price and a…

Bitcoin Cash ends the trading week at 423.32, continues to move within the correction and bearish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from coin buyers and potential continued growth from current levels. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 345.05. From where we again expect an upward rebound and an attempt to continue…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a fall and a 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. Within the framework of the Forex forecast for November 15, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the fall and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2694. 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 a decline in the British Pound against the US Dollar exchange rate and a test of the support area…

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 0.6467. 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 growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 155.97. 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 potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for November 15, 2024, we should expect an attempt to develop a…

Brent oil quotes continue to move within the framework of the correction development and the formation of the “Double Bottom” reversal model. At the time of the forecast publication, the price of Brent crude oil is $72.77 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 asset’s fall from current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and bullish channel. There is still potential for the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4000. 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 growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop…