Author: forex24pro

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.…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8678. The pair continues to move within the development of a bullish correction and a bearish channel. The moving averages indicate a downward trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall 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 level of 0.8775. Next, a downward rebound and an attempt to continue…

Bitcoin BTC/USD ends the trading week at the level of 69563 and continues to move within the development of growth and left the bearish correction channel. Moving averages indicate the presence of a bullish 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 67605. From where we should again expect an upward rebound and continued growth…

Ethereum ETH/USD ends the trading week at 2511 and continues to move within the framework of the decline and the formation of the “Triangle” model. Moving averages indicate the presence of a bearish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance level near the 2575 area. From where we should again expect a rebound downwards and a continuation of…

Quotes of Silver XAG/USD are ending the trading week near the 32.78 area. Quotes continue to move within the framework of the growth and bullish channel development. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines upwards, 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 bearish correction in the asset value and a test of the support level near the 30.45 area. Further, the continuation of the growth of…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of growth development and the beginning of the “Triangle” pattern. 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 1.0873. Within the framework of the Forex forecast for November 1, 2024, we should…

The Pound/Dollar GBP/USD currency pair continues to move within the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2976. Moving averages indicate the presence of a short-term bearish trend. 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 of the instrument. 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 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 US Dollar exchange rate is 0.6566. At the moment, we should expect an attempt to develop growth and a test of the resistance area…

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 152.82. 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 1, 2024, we should expect an attempt to develop a…