Author: forex24pro

The Euro/Dollar currency pair EUR/USD continues to move within the development of growth and a bullish channel. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, 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 1.0896. Within the framework of the Forex forecast for November 6, 2024, we should expect an attempt to…

The Pound/Dollar GBP/USD currency pair continues to move within the correction and the formation of the “Head and Shoulders” model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2992. Moving averages indicate the presence of a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar and a test of the…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and has left the bearish channel. The moving averages indicate the presence of a short-term bearish trend. Prices are testing the area between the signal lines, 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 forecast, the Australian Dollar to the US Dollar exchange rate is 0.6628. At the moment, we should expect an attempt to develop a decline and a…

The quotes of the USD/JPY currency pair continue to move within the development of the fall and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 151.94. 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 6, 2024, we should expect an attempt…

Brent oil quotes continue to move within the framework of the growth and bullish channel development. At the time of the forecast publication, the price of Brent crude oil is $75.80 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 buyers of “Black Gold” 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 and test the support level near the area of ​​$74.75 per barrel.…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the fall and the beginning of the development of the “Wedge” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3870. Moving averages indicate 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 continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop the growth of the Canadian Dollar…

XAU/USD quotes continue to move within the framework of growth development and the beginning of the reversal pattern. At the time of the forecast publication, the price of Gold for today is 2737 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2725 area. From where we should…

The quotes of XAG/USD continue to move within the framework of the growth development and the beginning of the development of the “Wedge” reversal model. At the time of publication of the forecast, the Silver price is 32.70. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the metal price and a test of the support level near the 32.15 area. Where we should…

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 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 0.5997. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the correction and bullish channel development. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8642. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, 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 a test of the…