Author: forex24pro

GOLD ends the trading week with growth near the 2698 area. XAU/USD quotes continue to move within the framework of strong growth and a bullish 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 decline and a test of the support level near the 2485 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 3125 level. GOLD Forecast…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5838 and are moving within the descending channel. The moving averages indicate a 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 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…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8905. The pair continues to move within the framework of the development of strong growth and the formation of the “Triangle” model. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the…

Bitcoin BTC/USD ends the trading week at the level of 98790 and continues to move within the framework of the growth and bullish channel development. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continued growth of asset quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 91305. From where we should again expect an upward rebound and continued growth of…

Ethereum ETH/USD ends the trading week at 3355 and continues to move within the growth and bullish channel. Moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2905 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level…

Quotes of Silver XAG/USD end the trading week near the 31.26 area. Quotes continue to move within the development of the fall and the bullish channel. Moving averages indicate the presence of an upward 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 28.45 area. Next, the continuation of the growth of the Silver price…

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 1.0532. Within the framework of the Forex forecast for November 22, 2024, we should expect…

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 1.2631. 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 sideways correction and the formation of the “Wedge” reversal pattern. 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 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 0.6521. At the moment, we should expect an attempt to…

The quotes of the USD/JPY currency pair continue to move within the framework of the growth development and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 155.73. The 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 the current levels. As part of the Japanese Yen exchange rate forecast for November 22, 2024,…