The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6640 area. The pair continues to move within the framework of the growth and bullish channel development. The moving averages indicate the presence of 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 fall in the value of the currency pair. At the moment, we should expect an attempt to develop a decline and a test of the support area near the 0.6535 level. Then, an upward rebound…
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.
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline 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 1.3975 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 152.26 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 price increase and a test of the resistance level near the 153.65 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 146.15 level. USD/JPY Forecast and Analysis November 11…
GOLD ends the trading week with growth near the 2688 area. XAU/USD quotes continue to move within the growth and the formation of the “Head and Shoulders” reversal pattern. 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 price growth and a test of the resistance level near the 2715 area. Next, a downward price rebound and a continuation of the fall of XAUUSD with a potential target below…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.6007 level and are moving within the ascending 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 0.5915 level.…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8702. 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 76181 and continues to move within the development of growth and a bullish channel. 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 73605. From where we should again expect an upward rebound and continued…
Ethereum ETH/USD ends the trading week at 2511 and continues to move within the growth and formation of the “Triangle” model. 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 continuation of 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 2575 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential…
Quotes of Silver XAG/USD are ending the trading week near the 31.46 area. Quotes continue to move within the framework of the development of the fall and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices broke 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 bullish correction in the asset value and a test of the resistance level near the 32.85 area. Further, the continuation of the…
The Euro/Dollar currency pair EUR/USD continues to move within the development of a bullish correction 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 1.0896. As part of the Forex forecast for November 8, 2024, we should expect…