The USD/CHF currency pair continues to move within a strong fall and has left the bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8903. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we should expect an attempt to develop a rise in the US Dollar against the Swiss Franc and a test 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 BTC/USD quotes are trading at 36184 and continue to move within the correction and rising channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, November 16, 2023, we should expect an attempt to develop a decline in the value of the digital asset and a test of the support level near the…
The ETH/USD quotes are trading at the level of 2034 and continue to move as part of the development of the correction and bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the 1965 area. From where we can again…
The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0683 area. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a rise in the pair’s quotes and a test of the resistance area near the level of 1.0735. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential downward target is…
BRENT oil quotes end the trading week near the area of 80.90 dollars per barrel. The asset continues to move within the framework of the correction and the bullish “5-0” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from commodity sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 78.05. Then, it is worth considering a rebound upward and continued growth of oil to…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a strong bullish correction and a bearish channel. 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 fall of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2235. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6357 area. The pair continues to move as part of the development of the fall and the bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset 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 bullish correction and a test of the resistance area near the level of 0.6660. Then, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3807. The pair continues to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a bullish 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 in the near future. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3625 area. Then, a rebound upward and continued…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 151.41. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US dollar and a 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 147.45 area. Then, a rebound upward and continued growth of the pair to the…
Gold ends the trading week with growth near the 1945 area. XAU/USD quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 1905 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2175. GOLD Forecast November 13…