Quotes of Silver XAG/USD end the trading week near the 23.83 area. Quotes continue to move as part of the growth and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a minor bearish correction in the value of the asset and a test of the support level near the 23.45 area. Next, the…
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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 Euro/Dollar currency pair EUR/USD continues to move within the framework of growth development and has left the bearish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0694. As part of the Forex forecast for November 16, 2023, we should expect an attempt to develop a…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of strong downward growth and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2485. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of growth outside the downward channel. Moving averages indicate 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 current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6492. At the moment, we should expect an attempt to continue the development of the bearish correction…
The quotes of the USD/JPY currency pair continue to move as part 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 150.68. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for November 16, 2023, we should expect an attempt to develop a price…
The quotes for Brent crude oil continue to move as part of the fall and the development of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent oil is $83.04 per barrel. Moving averages indicate a short-term bearish trend in 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 current levels. At the moment, we should expect an attempt to develop a correction and a test of the resistance…
The currency pair USD/CAD continues to move as part of the development of a strong fall and the completion of the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3706. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and the potential continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop growth and test…
The quotes of XAU/USD continue to move within the growth and bearish channel. At the time of publication of the forecast, the price of Gold is 1963 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and potential continued growth from current levels. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 1935 area. From where we can expect a rebound upward and continued growth in…
The quotes of XAG/USD continue to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, prices for Silver are 23.07. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 22.45 area. Where can we expect an upward rebound…
The quotes of the currency pair NZD/USD continue to move as part of the development of growth and the formation of an inverted “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from current levels. At the time of publication of the Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.5986. At the moment, we…