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…
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 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…
BTC/USD quotes are trading at 69677 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, November 6, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level…
ETH/USD are trading at 2443 and continue to move within the framework of the development of the decline and the formation of the “Triangle” model. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s value decline from current levels. At the moment, we should expect an attempt to develop growth in the coin’s value and a test of the resistance level near the 2575 area. From where we should again expect a downward price rebound and a…
The Euro/Dollar currency pair EUR/USD continues to move within the development of growth and a descending 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 1.0888. Within the framework of the Forex forecast for November 5, 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 1.2952. 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…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction 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 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 0.6566. At the moment, we should expect an attempt to develop growth and a test of…
The quotes of the USD/JPY currency pair continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 151.93. 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 Japanese Yen exchange rate forecast for November 5, 2024, we should expect an attempt to develop a bearish…
Brent oil quotes continue to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the price of Brent crude oil is $74.73 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 downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a decline…