Author: forex24pro

GOLD ends the trading week with growth near the 2568 area. XAU/USD quotes continue to move within the fall and bullish channel. Moving averages indicate a bullish trend for Gold. Prices are testing the area between the signal lines, 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 2455 area. Next, a price rebound upward and continuation of XAUUSD growth with a potential target above the 2675 level. GOLD Forecast and Analysis November 18 — 22,…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.5870 level and are moving within the formation of the “Triangle” model. 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…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8878. 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 89337 and continues to move within the development of the correction and the bullish channel. The 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 a potential continuation of the 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 76505. From where we should again expect an upward rebound…

Ethereum ETH/USD ends the trading week at 3093 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 2865 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 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…