The currency pair Australian Dollar to US Dollar AUD/USD is ending the trading week near the 0.6565 area. The pair continues to move within the development of the decline and the bullish channel. The moving averages indicate 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 decline in the value of the currency pair. At the moment, we should expect an attempt to develop the decline and test the support area near the 0.6475 level. Then, an upward rebound and continued growth of…
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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 growth 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 1.3965 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3675.…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 152.76 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 bearish price correction and a test of the support level near the 150.25 area. Then, an upward rebound and continued growth of the pair to the area above the 158.35 level. USD/JPY Forecast and Analysis November 4 — 8,…
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…