Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the framework of 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 153.60. 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 a potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for November 12, 2024, we should expect an…

Brent oil quotes continue to move within the development of the correction and the descending channel. At the time of publication of the forecast, the price of Brent crude oil is 73.62 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, 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 and test the support level near…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3920. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the price pair’s growth in the near future. At the moment, it is worth considering an attempt to develop the growth of the Canadian Dollar price and test the resistance level near the 1.3945 area. Next,…

XAU/USD quotes continue to move within the development of the fall and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2671 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 2715 area. From where we should expect a downward rebound…

The quotes of XAG/USD continue to move within the framework of the development of the fall and the bearish channel. At the time of publication of the forecast, the Silver price is 31.22. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the metal price and a test of the resistance level near the 31.90 area. Where we should expect a…

The quotes of the currency pair NZD/USD continue 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 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 0.5975. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the growth and bullish channel development. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8744. The potential for the formation of the Double Top reversal pattern remains. 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 buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop…

BTC/USD quotes are trading at 81269 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 12, 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 3160 and continue to move as part of the development of growth and the beginning of the development of the “Triangle” model. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s decline from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 2825 area. From where we should again expect an upward price rebound…

The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the correction development near the level of 1.0793. The moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a decline in the EUR/USD quotes and a test of the support area near the level…