BTC/USD quotes are trading at 67940 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 5, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level…
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.
ETH/USD are trading at 2416 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 bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the value of the coin and a test of the resistance level near the 2595 area. From where we should again expect…
The Euro Dollar EUR/USD currency pair ends the trading week as part of the correction development near the level of 1.0858. The moving averages indicate the presence of a bullish trend for the pair. Prices have broken 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 pair and a test of the support area near the level of…
BRENT oil quotes are ending the trading week near the area of 74.69 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials 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 area near the level of 71.35. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 85.60 dollars per…
The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a decline and a bullish channel near the level of 1.2910. The moving averages indicate the presence of an upward trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2835. Next, an upward rebound and continued growth of Pound Dollar quotes…
The currency pair Australian Dollar to US Dollar AUD/USD is ending the trading week near the 0.6565 area. The pair continues to move within the development of the decline and the bullish channel. The moving averages indicate an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the decline in the value of the currency pair. At the moment, we should expect an attempt to develop the decline and test the support area near the 0.6475 level. Then, an upward rebound and continued growth of…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the formation of the Wedge reversal pattern. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of growth in the near future. At the moment, we should expect an attempt to develop an increase and test the resistance level near the 1.3965 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3675.…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 152.76 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 150.25 area. Then, an upward rebound and continued growth of the pair to the area above the 158.35 level. USD/JPY Forecast and Analysis November 4 — 8,…
GOLD ends the trading week with growth near the 2750 area. XAU/USD quotes continue to move within the growth and ascending channel. Moving averages indicate a bullish trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and test the support level near the 2690 area. Next, a price rebound upwards and continuation of XAUUSD growth with a potential target above the 3175 level. GOLD Forecast and Analysis November 4 — 8,…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.5966 level and are moving within the ascending channel. Moving averages indicate a bullish 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 from the current levels on the market. At the moment, we should expect an attempt to develop a decline in the currency pair on Forex and a test of the support area near the level of 0.5905.…